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Nuveen Asset Management LLC increased its stake in LSB Industries, Inc. (NYSE:LXU – Get Rating) by 353.3% in the third quarter, according to its latest filings with the Securities and Exchange Commission. The company owned 998,491 shares in the conglomerate after purchasing an additional 778,220 shares during the quarter. Nuveen Asset Management LLC owned his 1.22% of LSB Industries worth $14,229,000 as of the latest SEC filing.
A number of other large investors have also recently bought and sold shares in LXU. JPMorgan Chase & Company increased its stake in LSB Industries by 925.0% in the first quarter. JPMorgan Chase & Co. now owns 98,189 shares of the conglomerate worth $2,145,000 after purchasing an additional 88,610 of his shares during this period. Bank of New York Mellon Corp increased its stake in LSB Industries by 49.6% in the first quarter. Bank of New York Mellon Corp now owns 104,718 shares of the conglomerate worth $2,287,000 after purchasing an additional 34,711 shares in the previous quarter. American Century Companies Inc. increased his LSB Industries stake by 192.7% in the first quarter. American Century Companies Inc. now owns 85,786 shares of the conglomerate worth $1,874,000 after purchasing an additional 56,476 shares last quarter. Citigroup Inc. increased his LSB Industries stake by 79.7% in the first quarter. Citigroup Inc. now owns 85,428 shares of the conglomerate worth $1,866,000 after purchasing an additional 37,900 shares last quarter. Finally, BlackRock Inc. increased his LSB Industries stake by 6.8% in the first quarter. BlackRock Inc. now owns 740,877 shares of the conglomerate worth $16,181,000 after purchasing an additional 46,867 shares in the previous quarter. Institutional investors and hedge funds own 81.20% of the company’s shares.
Analyst sets new price target
Multiple equity research analysts have commented on the LXU share. TheStreet upgraded LSB Industries from a ‘c’ rating to a ‘b-‘ rating in its research notes on Thursday, February 23. Jefferies Financial Group began coverage of his LSB Industries in its investigative report on Wednesday, November 30. They gave the company a buy rating and a price target of $20.00 on the company. UBS Group lowered its target price for LSB Industries from $18.00 to $17.00 in a research report on Thursday, February 23, setting a ‘Buy’ rating for the company. StockNews.com downgraded LSB Industries from ‘buy’ to ‘hold’ in its research report on Friday, January 6. Finally, Goldman Sachs Group lowered its price target on LSB Industries from $18.00 to $17.00 in its research report on Monday, February 27, giving the company a Neutral rating. Two research analysts rated the stock with a Hold rating and five issued a Buy rating to the company. Based on MarketBeat.com data, LSB Industries currently has a consensus rating of “moderate buy” and an average price target of $20.17.
LSB Industries Trading Down 4.0%
LXU opened Tuesday for $13.93. His one-year low for LSB Industries, Inc. is $11.36 and his one-year high is $27.45. The stock has a market cap of $1.06 billion, a PE ratio of 5.24 and a beta of 1.60. The 50-day moving average price for this business is $12.79 and the 200-day moving average price is $14.29. The company has a debt to equity ratio of 1.36, a quick ratio of 3.76 and a current ratio of 3.98.
LSB Industry Profile
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LSB Industries, Inc is engaged in the manufacture, marketing and sale of chemical products for the agricultural, mining and industrial markets. It also owns and operates facilities in El Dorado, Arkansas (Eldorado Facility), Cherokee, Alabama (Cherokee Facility), and Prior, Oklahoma (Prior Facility), and Covestro AG (Covestro) facility in Baytown, Texas (Baytown). increase. institution).
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