LSB Industries (NYSE:LXU) PT Raised to $9.00

LSB Industries (NYSE:LXU) had its price objective raised by analysts at Piper Sandler from $8.00 to $9.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “underweight” rating on the conglomerate’s stock. Piper Sandler’s price objective indicates a potential upside of 5.08% from the company’s current price.

Separately, UBS Group dropped their price objective on LSB Industries from $9.00 to $7.75 and set a “neutral” rating on the stock in a report on Wednesday, March 6th.

LSB Industries Stock Down 1.2 %

Shares of NYSE:LXU opened at $8.57 on Tuesday. LSB Industries has a fifty-two week low of $6.74 and a fifty-two week high of $11.69. The firm’s 50 day moving average price is $8.09 and its 200 day moving average price is $8.35. The company has a quick ratio of 3.44, a current ratio of 3.64 and a debt-to-equity ratio of 1.05. The stock has a market cap of $612.74 million, a price-to-earnings ratio of 35.69 and a beta of 1.10.

LSB Industries (NYSE:LXU) last announced its quarterly earnings data on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The firm had revenue of $132.61 million during the quarter, compared to analyst estimates of $127.62 million. LSB Industries had a net margin of 3.20% and a return on equity of 2.70%. As a group, equities research analysts predict that LSB Industries will post 0.27 earnings per share for the current fiscal year.

Insider Activity at LSB Industries

In other news, EVP John Burns sold 33,243 shares of LSB Industries stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $9.25, for a total transaction of $307,497.75. Following the sale, the executive vice president now owns 131,286 shares in the company, valued at $1,214,395.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LSB Industries

Hedge funds have recently modified their holdings of the business. Strs Ohio boosted its stake in shares of LSB Industries by 79.3% during the fourth quarter. Strs Ohio now owns 5,200 shares of the conglomerate’s stock worth $48,000 after buying an additional 2,300 shares during the period. Tower Research Capital LLC TRC grew its position in LSB Industries by 1,207.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,489 shares of the conglomerate’s stock valued at $98,000 after buying an additional 9,687 shares during the last quarter. Teza Capital Management LLC acquired a new position in LSB Industries in the 3rd quarter valued at $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of LSB Industries by 154.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,657 shares of the conglomerate’s stock worth $109,000 after acquiring an additional 7,074 shares during the period. Finally, Arizona State Retirement System boosted its holdings in LSB Industries by 9.2% in the 3rd quarter. Arizona State Retirement System now owns 15,173 shares of the conglomerate’s stock valued at $155,000 after purchasing an additional 1,274 shares in the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

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.