LSB Industries (NYSE:LXU) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of LSB Industries (NYSE:LXU) from a hold rating to a sell rating in a research note released on Wednesday morning.

Separately, Piper Sandler upgraded LSB Industries from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $9.00 to $11.00 in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.75.

LSB Industries Price Performance

LSB Industries stock opened at $7.10 on Wednesday. The stock has a market capitalization of $509.77 million, a price-to-earnings ratio of -33.78, a PEG ratio of 0.89 and a beta of 0.69. LSB Industries has a 52-week low of $6.43 and a 52-week high of $10.40. The stock’s 50 day moving average price is $8.04 and its two-hundred day moving average price is $8.22. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

Hedge Funds Weigh In On LSB Industries

A number of large investors have recently modified their holdings of LXU. Cerity Partners LLC lifted its holdings in shares of LSB Industries by 132.2% in the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock worth $11,000,000 after purchasing an additional 778,937 shares in the last quarter. CenterBook Partners LP purchased a new stake in LSB Industries in the 4th quarter valued at $1,312,000. Millennium Management LLC raised its position in LSB Industries by 220.9% in the 4th quarter. Millennium Management LLC now owns 248,653 shares of the conglomerate’s stock valued at $1,887,000 after buying an additional 171,176 shares during the last quarter. American Century Companies Inc. raised its position in LSB Industries by 11.7% in the 4th quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate’s stock valued at $12,304,000 after buying an additional 169,275 shares during the last quarter. Finally, Systematic Financial Management LP raised its position in LSB Industries by 11.0% in the 3rd quarter. Systematic Financial Management LP now owns 1,660,443 shares of the conglomerate’s stock valued at $13,350,000 after buying an additional 164,166 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors.

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.