Robotti Robert Sells 14,258 Shares of LSB Industries, Inc. (NYSE:LXU)

Robotti Robert lowered its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,288,387 shares of the conglomerate’s stock after selling 14,258 shares during the quarter. LSB Industries makes up about 5.7% of Robotti Robert’s investment portfolio, making the stock its 3rd largest holding. Robotti Robert owned approximately 5.99% of LSB Industries worth $32,549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LXU. Barclays PLC raised its stake in LSB Industries by 224.9% during the third quarter. Barclays PLC now owns 89,273 shares of the conglomerate’s stock valued at $718,000 after buying an additional 61,793 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of LSB Industries in the 3rd quarter valued at approximately $257,000. The Manufacturers Life Insurance Company raised its position in shares of LSB Industries by 14.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 85,931 shares of the conglomerate’s stock valued at $691,000 after acquiring an additional 10,762 shares in the last quarter. Ausbil Investment Management Ltd bought a new position in LSB Industries during the fourth quarter worth $313,000. Finally, State Street Corp boosted its holdings in LSB Industries by 0.6% in the third quarter. State Street Corp now owns 1,264,212 shares of the conglomerate’s stock worth $10,164,000 after purchasing an additional 7,751 shares during the period. Institutional investors own 73.67% of the company’s stock.

LSB Industries Stock Performance

Shares of LXU opened at $6.83 on Thursday. The firm has a fifty day moving average of $7.84 and a 200-day moving average of $8.16. The company has a market cap of $490.37 million, a price-to-earnings ratio of -32.50, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69. 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 1 year low of $6.43 and a 1 year high of $10.40.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LXU shares. StockNews.com cut shares of LSB Industries from a “hold” rating to a “sell” rating in a report on Wednesday, March 12th. Piper Sandler upgraded shares of LSB Industries from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $9.00 to $11.00 in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, LSB Industries presently has a consensus rating of “Moderate Buy” and an average price target of $10.75.

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.