Brightline Capital Management LLC Grows Position in LSB Industries, Inc. (NYSE:LXU)

Brightline Capital Management LLC raised its holdings in shares of LSB Industries, Inc. (NYSE:LXU) by 20.3% during the third quarter, HoldingsChannel reports. The firm owned 361,000 shares of the conglomerate’s stock after purchasing an additional 61,000 shares during the period. LSB Industries comprises 1.2% of Brightline Capital Management LLC’s portfolio, making the stock its 19th largest holding. Brightline Capital Management LLC’s holdings in LSB Industries were worth $2,902,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. International Assets Investment Management LLC raised its position in shares of LSB Industries by 1.3% in the 2nd quarter. International Assets Investment Management LLC now owns 114,322 shares of the conglomerate’s stock worth $935,000 after acquiring an additional 1,495 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in LSB Industries by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 74,836 shares of the conglomerate’s stock worth $612,000 after purchasing an additional 1,555 shares in the last quarter. Private Advisor Group LLC lifted 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 buying an additional 1,563 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of LSB Industries by 6.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock worth $278,000 after buying an additional 1,837 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in LSB Industries by 3.2% in the second quarter. Wedge Capital Management L L P NC now owns 96,038 shares of the conglomerate’s stock valued at $786,000 after acquiring an additional 2,943 shares in the last quarter. Institutional investors own 73.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LXU shares. Piper Sandler upped their price target on LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price target on shares of LSB Industries in a research note on Monday, November 4th. Finally, UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th.

LSB Industries Stock Performance

Shares of NYSE LXU traded down $0.21 during mid-day trading on Wednesday, hitting $8.73. The stock had a trading volume of 180,791 shares, compared to its average volume of 290,142. The firm has a market cap of $625.24 million, a PE ratio of -41.57, a PEG ratio of 20.84 and a beta of 0.84. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. The company has a 50 day moving average of $8.56 and a two-hundred day moving average of $8.43. LSB Industries, Inc. has a twelve month low of $6.74 and a twelve month high of $10.40.

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.