LSB Industries (NYSE:LXU) Raised to “Overweight” at Piper Sandler

LSB Industries (NYSE:LXU) was upgraded by analysts at Piper Sandler from an “underweight” rating to an “overweight” rating in a research report issued on Monday, MarketBeat Ratings reports. The firm presently has a $11.00 price objective on the conglomerate’s stock, up from their prior price objective of $9.00. Piper Sandler’s price target would indicate a potential upside of 20.35% from the company’s previous close.

A number of other brokerages have also recently issued reports on LXU. UBS Group raised shares of LSB Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $9.50 to $11.00 in a report on Thursday, October 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of LSB Industries in a research note on Monday, November 4th.

LSB Industries Stock Performance

NYSE:LXU opened at $9.14 on Monday. The firm’s fifty day simple moving average is $8.36 and its 200-day simple moving average is $8.23. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. The stock has a market cap of $654.62 million, a PE ratio of -43.52, a price-to-earnings-growth ratio of 20.49 and a beta of 0.89. LSB Industries has a fifty-two week low of $6.74 and a fifty-two week high of $10.40.

Institutional Trading of LSB Industries

Several institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. increased its stake in shares of LSB Industries by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock worth $10,740,000 after purchasing an additional 135,087 shares in the last quarter. Dimensional Fund Advisors LP increased its position in LSB Industries by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,364,562 shares of the conglomerate’s stock worth $19,342,000 after buying an additional 37,419 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of LSB Industries by 1.4% in the second quarter. Renaissance Technologies LLC now owns 1,816,865 shares of the conglomerate’s stock worth $14,862,000 after acquiring an additional 25,713 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of LSB Industries by 132.2% in the second quarter. Moors & Cabot Inc. now owns 43,300 shares of the conglomerate’s stock valued at $354,000 after acquiring an additional 24,650 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its stake in shares of LSB Industries by 18.9% during the second quarter. Pekin Hardy Strauss Inc. now owns 60,370 shares of the conglomerate’s stock valued at $494,000 after acquiring an additional 9,600 shares during the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

About LSB Industries

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.