LSB Industries (NYSE:LXU) Shares Up 8%

LSB Industries, Inc. (NYSE:LXUGet Rating)’s stock price shot up 8% on Tuesday . The stock traded as high as $17.34 and last traded at $17.32. 8,232 shares traded hands during trading, a decline of 99% from the average session volume of 1,200,432 shares. The stock had previously closed at $16.03.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LXU. StockNews.com downgraded LSB Industries from a “buy” rating to a “hold” rating in a report on Thursday, September 1st. UBS Group began coverage on LSB Industries in a report on Wednesday, August 31st. They set a “buy” rating and a $20.00 price target for the company. Stifel Nicolaus initiated coverage on LSB Industries in a report on Wednesday. They set a “buy” rating and a $23.00 price target for the company. Finally, Piper Sandler initiated coverage on LSB Industries in a report on Monday. They issued an “overweight” rating and a $26.00 price objective for the company. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, LSB Industries has an average rating of “Moderate Buy” and a consensus target price of $23.00.

LSB Industries Price Performance

The firm has a fifty day moving average of $14.16 and a 200 day moving average of $17.86. The company has a market capitalization of $1.54 billion, a P/E ratio of -4.20 and a beta of 1.70. The company has a current ratio of 5.44, a quick ratio of 5.13 and a debt-to-equity ratio of 1.16.

Insider Buying and Selling

In related news, major shareholder Sbt Investors Llc sold 6,750,000 shares of LSB Industries stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $12.32, for a total value of $83,160,000.00. Following the completion of the sale, the insider now directly owns 18,053,398 shares in the company, valued at approximately $222,417,863.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in LSB Industries in the first quarter worth about $1,007,000. HighTower Advisors LLC boosted its position in LSB Industries by 53.9% in the fourth quarter. HighTower Advisors LLC now owns 196,273 shares of the conglomerate’s stock worth $2,169,000 after purchasing an additional 68,763 shares during the last quarter. First Eagle Investment Management LLC boosted its position in LSB Industries by 2.8% in the first quarter. First Eagle Investment Management LLC now owns 53,382 shares of the conglomerate’s stock worth $1,166,000 after purchasing an additional 1,474 shares during the last quarter. Meixler Investment Management Ltd. purchased a new position in LSB Industries in the first quarter worth about $524,000. Finally, Independent Advisor Alliance boosted its position in LSB Industries by 76.1% in the first quarter. Independent Advisor Alliance now owns 48,423 shares of the conglomerate’s stock worth $1,058,000 after purchasing an additional 20,925 shares during the last quarter.

LSB Industries Company Profile

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LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

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