StockNews.com Lowers LSB Industries (NYSE:LXU) to Hold

StockNews.com cut shares of LSB Industries (NYSE:LXUGet Rating) from a buy rating to a hold rating in a research report released on Tuesday morning.

A number of other brokerages also recently commented on LXU. UBS Group initiated coverage on LSB Industries in a research report on Wednesday, August 31st. They issued a buy rating and a $20.00 price objective for the company. Piper Sandler initiated coverage on LSB Industries in a research report on Monday, September 12th. They issued an overweight rating and a $26.00 price objective for the company. The Goldman Sachs Group began coverage on LSB Industries in a research report on Tuesday, October 25th. They issued a neutral rating and a $20.00 price objective for the company. Royal Bank of Canada began coverage on LSB Industries in a research report on Thursday, November 17th. They set an outperform rating and a $20.00 target price for the company. Finally, Stifel Nicolaus began coverage on LSB Industries in a research report on Wednesday, September 14th. They set a buy rating and a $23.00 target price for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, LSB Industries presently has an average rating of Moderate Buy and a consensus price target of $21.80.

LSB Industries Price Performance

Shares of LXU stock opened at $14.20 on Tuesday. The stock has a 50 day moving average of $15.26 and a two-hundred day moving average of $15.49. The company has a current ratio of 3.87, a quick ratio of 3.67 and a debt-to-equity ratio of 1.34. LSB Industries has a 12 month low of $8.13 and a 12 month high of $27.45. The company has a market capitalization of $1.16 billion, a P/E ratio of 6.17 and a beta of 1.71.

Insider Activity

In other news, major shareholder Lsb Funding Llc sold 15,977,500 shares of LSB Industries stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $12.99, for a total value of $207,547,725.00. Following the completion of the sale, the insider now directly owns 1,672,500 shares of the company’s stock, valued at approximately $21,725,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new position in shares of LSB Industries in the 3rd quarter worth $40,000. Allspring Global Investments Holdings LLC bought a new position in shares of LSB Industries in the 3rd quarter worth $52,000. Newbridge Financial Services Group Inc. boosted its position in shares of LSB Industries by 81.8% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,379 shares of the conglomerate’s stock worth $61,000 after purchasing an additional 1,970 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in LSB Industries during the second quarter worth about $64,000. Finally, Royal Bank of Canada bought a new position in LSB Industries during the first quarter worth about $93,000.

About LSB Industries

(Get Rating)

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.

Further Reading

Analyst Recommendations for LSB Industries (NYSE:LXU)

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