Pecaut & CO. Has $292,000 Position in LSB Industries, Inc. (NYSE:LXU)

Pecaut & CO. raised its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 220.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,500 shares of the conglomerate’s stock after purchasing an additional 26,500 shares during the quarter. Pecaut & CO.’s holdings in LSB Industries were worth $292,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. First Eagle Investment Management LLC grew its position in shares of LSB Industries by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate’s stock worth $13,361,000 after buying an additional 88,506 shares during the period. Systematic Financial Management LP grew its position in shares of LSB Industries by 11.0% in the 3rd 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. Cerity Partners LLC grew its position 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 valued at $11,000,000 after purchasing an additional 778,937 shares during the period. State Street Corp grew its position in shares of LSB Industries by 0.6% in the 3rd 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 during the period. Finally, Brightline Capital Management LLC grew its position in shares of 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 purchasing an additional 61,000 shares during the period. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LXU shares. Piper Sandler upgraded LSB Industries from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $9.00 to $11.00 in a research report on Monday, January 13th. StockNews.com lowered LSB Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

LSB Industries Trading Down 1.7 %

NYSE LXU opened at $7.23 on Friday. The stock has a market capitalization of $519.11 million, a price-to-earnings ratio of -34.40, a PEG ratio of 0.89 and a beta of 0.69. The stock’s 50 day moving average price is $7.98 and its two-hundred day moving average price is $8.18. 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 52 week low of $6.43 and a 52 week high of $10.40.

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.