Bayesian Capital Management LP Buys Shares of 11,061 LSB Industries, Inc. (NYSE:LXU)

Bayesian Capital Management LP bought a new stake in shares of LSB Industries, Inc. (NYSE:LXU) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,061 shares of the conglomerate’s stock, valued at approximately $97,000.

A number of other hedge funds have also recently modified their holdings of the business. Gendell Jeffrey L grew its position in shares of LSB Industries by 22.9% during the 1st quarter. Gendell Jeffrey L now owns 2,450,496 shares of the conglomerate’s stock valued at $21,515,000 after acquiring an additional 457,139 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in 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 period. First Eagle Investment Management LLC boosted its holdings in shares of LSB Industries by 9.3% during the 1st quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock valued at $9,578,000 after purchasing an additional 92,500 shares during the last quarter. Capstone Investment Advisors LLC boosted its holdings in shares of LSB Industries by 9.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 27,250 shares of the conglomerate’s stock valued at $239,000 after purchasing an additional 2,250 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of LSB Industries by 84.3% during the 1st quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock valued at $232,000 after purchasing an additional 12,082 shares during the last quarter. Institutional investors own 73.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LXU. UBS Group dropped their price objective on shares of LSB Industries from $9.25 to $8.75 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of LSB Industries from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Piper Sandler upped their target price on shares of LSB Industries from $8.00 to $9.00 and gave the company an “underweight” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.58.

LSB Industries Stock Performance

LSB Industries stock opened at $9.34 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.64 and a quick ratio of 3.44. LSB Industries, Inc. has a 1-year low of $6.74 and a 1-year high of $11.24. The firm has a market capitalization of $668.18 million, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 2.04 and a beta of 0.85. The company’s 50-day moving average is $8.59 and its 200 day moving average is $8.28.

LSB Industries (NYSE:LXU) last posted its quarterly earnings data on Monday, April 29th. The conglomerate reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. LSB Industries had a net margin of 0.40% and a return on equity of 1.29%. The company had revenue of $138.20 million for the quarter, compared to analyst estimates of $120.64 million. Research analysts forecast that LSB Industries, Inc. will post 0.28 EPS for the current year.

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.