Charles Schwab Investment Management Inc. Trims Stock Holdings in LSB Industries, Inc. (NYSE:LXU)

Charles Schwab Investment Management Inc. reduced its position in shares of LSB Industries, Inc. (NYSE:LXU) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 473,599 shares of the conglomerate’s stock after selling 25,842 shares during the period. Charles Schwab Investment Management Inc.’s holdings in LSB Industries were worth $3,595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in LSB Industries in the 4th quarter valued at approximately $54,000. New York State Common Retirement Fund raised its holdings in shares of LSB Industries by 48.6% in the 4th quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate’s stock valued at $63,000 after purchasing an additional 2,700 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of LSB Industries during the 3rd quarter worth $93,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of LSB Industries during the third quarter worth $93,000. Finally, Capstone Investment Advisors LLC purchased a new stake in LSB Industries during the 3rd quarter worth about $103,000. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

LSB Industries Stock Performance

NYSE:LXU opened at $6.83 on Thursday. The firm’s fifty day simple moving average is $7.84 and its 200 day simple moving average is $8.16. The firm has a market capitalization of $490.37 million, a price-to-earnings ratio of -32.50, a PEG ratio of 0.89 and a beta of 0.69. LSB Industries, Inc. has a twelve month low of $6.43 and a twelve month high of $10.40. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95.

LSB Industries Company 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.