Pekin Hardy Strauss Inc. Raises Stock Holdings in LSB Industries, Inc. (NYSE:LXU)

Pekin Hardy Strauss Inc. lifted its holdings in LSB Industries, Inc. (NYSE:LXU) by 112.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 128,370 shares of the conglomerate’s stock after purchasing an additional 68,000 shares during the period. Pekin Hardy Strauss Inc.’s holdings in LSB Industries were worth $1,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LXU. International Assets Investment Management LLC grew its stake in LSB Industries by 691.2% in the third quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock worth $7,272,000 after purchasing an additional 790,194 shares in the last quarter. Cerity Partners LLC grew its stake in LSB Industries by 132.2% in the third quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock worth $11,000,000 after purchasing an additional 778,937 shares in the last quarter. First Eagle Investment Management LLC grew its stake in LSB Industries by 34.1% in the second quarter. First Eagle Investment Management LLC now owns 1,463,395 shares of the conglomerate’s stock worth $11,971,000 after purchasing an additional 372,500 shares in the last quarter. American Century Companies Inc. grew its stake in LSB Industries by 11.5% in the second quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock worth $10,740,000 after purchasing an additional 135,087 shares in the last quarter. Finally, Truist Financial Corp bought a new position in LSB Industries in the second quarter worth approximately $343,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price objective on shares of LSB Industries in a research note on Monday, November 4th. Piper Sandler increased their target price on LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, August 8th. Finally, UBS Group raised LSB Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $9.50 to $11.00 in a research report on Thursday, October 10th.

LSB Industries Stock Performance

Shares of LXU stock opened at $8.95 on Monday. The business has a fifty day moving average of $8.51 and a 200 day moving average of $8.43. LSB Industries, Inc. has a 1 year low of $6.74 and a 1 year high of $10.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

About LSB Industries

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.