LSB Industries, Inc. (NYSE:LXU) Shares Sold by Founders Financial Alliance LLC

Founders Financial Alliance LLC decreased its stake in LSB Industries, Inc. (NYSE:LXU) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,673 shares of the conglomerate’s stock after selling 8,510 shares during the period. Founders Financial Alliance LLC’s holdings in LSB Industries were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cerity Partners LLC increased its holdings in shares of LSB Industries by 132.2% in the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock worth $11,000,000 after acquiring an additional 778,937 shares during the period. Systematic Financial Management LP increased its stake in shares of LSB Industries by 11.0% in the third quarter. Systematic Financial Management LP now owns 1,660,443 shares of the conglomerate’s stock valued at $13,350,000 after purchasing an additional 164,166 shares during the period. Pekin Hardy Strauss Inc. boosted its position in shares of 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 buying an additional 68,000 shares during the period. Barclays PLC grew its holdings in LSB Industries by 224.9% in the 3rd quarter. Barclays PLC now owns 89,273 shares of the conglomerate’s stock worth $718,000 after buying an additional 61,793 shares in the last quarter. Finally, Brightline Capital Management LLC increased its position in LSB Industries by 20.3% in the 3rd quarter. Brightline Capital Management LLC now owns 361,000 shares of the conglomerate’s stock valued at $2,902,000 after acquiring an additional 61,000 shares during the period. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler raised 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 research note on Monday, January 13th.

LSB Industries Price Performance

NYSE LXU opened at $7.07 on Wednesday. LSB Industries, Inc. has a 12 month low of $6.43 and a 12 month high of $10.40. The firm has a market capitalization of $507.61 million, a PE ratio of -33.64, a P/E/G ratio of 0.89 and a beta of 0.69. The company’s 50 day simple moving average is $8.05 and its 200 day simple moving average is $8.22. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36.

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.