Ausbil Investment Management Ltd Invests $313,000 in LSB Industries, Inc. (NYSE:LXU)

Ausbil Investment Management Ltd bought a new position in shares of LSB Industries, Inc. (NYSE:LXU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,693 shares of the conglomerate’s stock, valued at approximately $313,000.

Several other hedge funds have also made changes to their positions in LXU. International Assets Investment Management LLC boosted its stake in shares of LSB Industries by 691.2% during the third quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock worth $7,272,000 after buying an additional 790,194 shares during the period. Cerity Partners LLC boosted its stake in shares of LSB Industries by 132.2% during the third quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock worth $11,000,000 after buying an additional 778,937 shares during the period. Systematic Financial Management LP raised its holdings in LSB Industries by 11.0% during the third quarter. Systematic Financial Management LP now owns 1,660,443 shares of the conglomerate’s stock worth $13,350,000 after purchasing an additional 164,166 shares in the last quarter. Pekin Hardy Strauss Inc. raised its holdings in LSB Industries by 112.6% during the third quarter. Pekin Hardy Strauss Inc. now owns 128,370 shares of the conglomerate’s stock worth $1,032,000 after purchasing an additional 68,000 shares in the last quarter. Finally, Barclays PLC raised its holdings in LSB Industries by 224.9% during the third quarter. Barclays PLC now owns 89,273 shares of the conglomerate’s stock worth $718,000 after purchasing an additional 61,793 shares in the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

LSB Industries Price Performance

Shares of LSB Industries stock opened at $8.44 on Friday. LSB Industries, Inc. has a 12-month low of $6.74 and a 12-month high of $10.40. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average of $8.40 and a two-hundred day moving average of $8.32.

LSB Industries (NYSE:LXU) last issued its earnings results on Tuesday, October 29th. The conglomerate reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). LSB Industries had a negative net margin of 2.99% and a positive return on equity of 0.98%. The company had revenue of $109.22 million during the quarter, compared to analysts’ expectations of $87.19 million. During the same period last year, the business posted ($0.08) earnings per share. Analysts expect that LSB Industries, Inc. will post 0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LXU has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $10.00 price target on shares of LSB Industries in a report on Monday, November 4th. UBS Group raised shares of LSB Industries from a “neutral” rating to a “buy” rating and increased their price target for the stock from $9.50 to $11.00 in a report on Thursday, October 10th. Finally, Piper Sandler raised shares of LSB Industries from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $9.00 to $11.00 in a report on Monday, January 13th.

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.