Barclays PLC Acquires 61,793 Shares of LSB Industries, Inc. (NYSE:LXU)

Barclays PLC grew its position in shares of LSB Industries, Inc. (NYSE:LXU) by 224.9% in the third quarter, HoldingsChannel reports. The firm owned 89,273 shares of the conglomerate’s stock after buying an additional 61,793 shares during the quarter. Barclays PLC’s holdings in LSB Industries were worth $718,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC grew its position in shares of LSB Industries by 14.1% during the third quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 1,563 shares in the last quarter. State Street Corp grew its position in shares of LSB Industries by 0.6% during the third quarter. State Street Corp now owns 1,264,212 shares of the conglomerate’s stock valued at $10,164,000 after purchasing an additional 7,751 shares in the last quarter. Pekin Hardy Strauss Inc. grew its position in shares of LSB Industries by 18.9% during the second quarter. Pekin Hardy Strauss Inc. now owns 60,370 shares of the conglomerate’s stock valued at $494,000 after purchasing an additional 9,600 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of LSB Industries by 14.3% during the third quarter. The Manufacturers Life Insurance Company now owns 85,931 shares of the conglomerate’s stock valued at $691,000 after purchasing an additional 10,762 shares in the last quarter. Finally, Centiva Capital LP grew its position in shares of LSB Industries by 101.6% during the third quarter. Centiva Capital LP now owns 22,548 shares of the conglomerate’s stock valued at $181,000 after purchasing an additional 11,362 shares in the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.50 to $11.00 in a research report on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price target on shares of LSB Industries in a research report on Monday, November 4th. Finally, Piper Sandler upgraded LSB Industries from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $9.00 to $11.00 in a research report on Monday.

LSB Industries Stock Performance

LSB Industries stock opened at $9.17 on Thursday. The company has a 50 day moving average price of $8.37 and a 200-day moving average price of $8.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. LSB Industries, Inc. has a fifty-two week low of $6.74 and a fifty-two week high of $10.40. The company has a market capitalization of $656.76 million, a PE ratio of -43.66, a P/E/G ratio of 20.49 and a beta of 0.89.

LSB Industries Profile

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.