LSB Industries (NYSE:LXU) Hits New 12-Month Low at $10.78

LSB Industries, Inc. (NYSE:LXU – Get Rating)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $10.78 and last traded at $10.82, with a volume of 181985 shares trading hands. The stock had previously closed at $11.52.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LXU shares. StockNews.com started coverage on LSB Industries in a research report on Thursday. They set a “hold” rating on the stock. The Goldman Sachs Group lowered their price target on LSB Industries from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, February 27th. Jefferies Financial Group started coverage on LSB Industries in a research report on Wednesday, November 30th. They set a “buy” rating and a $20.00 price target on the stock. TheStreet raised LSB Industries from a “c” rating to a “b-” rating in a research report on Thursday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on LSB Industries in a research report on Tuesday. They set a “buy” rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.57.

LSB Industries Price Performance

The company has a current ratio of 3.98, a quick ratio of 3.76 and a debt-to-equity ratio of 1.36. The company has a 50 day moving average price of $12.57 and a 200 day moving average price of $14.13. The company has a market capitalization of $815.34 million, a P/E ratio of 4.03 and a beta of 1.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in LSB Industries by 121.3% in the 3rd quarter. Victory Capital Management Inc. now owns 31,963 shares of the conglomerate’s stock valued at $455,000 after purchasing an additional 17,517 shares during the period. Cipher Capital LP bought a new stake in LSB Industries in the 3rd quarter valued at $537,000. International Assets Investment Management LLC bought a new stake in LSB Industries in the 3rd quarter valued at $1,388,000. Eidelman Virant Capital boosted its stake in LSB Industries by 55.5% in the 3rd quarter. Eidelman Virant Capital now owns 543,290 shares of the conglomerate’s stock valued at $7,807,000 after purchasing an additional 194,000 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in LSB Industries in the 3rd quarter valued at $208,000. 81.20% of the stock is currently owned by institutional investors.

About LSB Industries

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LSB Industries, Inc engages in manufacturing, marketing, and sale of chemical products for the agricultural, mining, and industrial markets. It also own and operate facilities in El Dorado, Arkansas (El Dorado Facility), Cherokee, Alabama (Cherokee Facility), and Pryor, Oklahoma (Pryor Facility), as well as facility for Covestro AG (Covestro) in Baytown, Texas (Baytown Facility).