Deutsche Bank Aktiengesellschaft Increases LSB Industries (NYSE:LXU) Price Target to $11.00

LSB Industries (NYSE:LXUGet Free Report) had its price target boosted by stock analysts at Deutsche Bank Aktiengesellschaft from $9.00 to $11.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the conglomerate’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 12.70% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Piper Sandler boosted their target price on shares of LSB Industries from $8.00 to $9.00 and gave the company an “underweight” rating in a report on Tuesday, May 7th. UBS Group cut their target price on LSB Industries from $9.00 to $7.75 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.69.

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LSB Industries Trading Up 1.0 %

Shares of LXU stock opened at $9.76 on Wednesday. LSB Industries has a 1-year low of $6.74 and a 1-year high of $11.69. The company has a current ratio of 3.64, a quick ratio of 3.44 and a debt-to-equity ratio of 1.05. The stock has a market cap of $698.23 million, a price-to-earnings ratio of 40.92 and a beta of 1.10. The stock has a 50-day moving average of $8.70 and a 200-day moving average of $8.42.

LSB Industries (NYSE:LXUGet Free Report) last released its earnings results on Monday, April 29th. The conglomerate reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. LSB Industries had a net margin of 3.20% and a return on equity of 2.70%. The business had revenue of $138.20 million during the quarter, compared to the consensus estimate of $120.64 million. On average, equities research analysts forecast that LSB Industries will post 0.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP John Burns sold 33,243 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $9.25, for a total transaction of $307,497.75. Following the transaction, the executive vice president now owns 131,286 shares in the company, valued at $1,214,395.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.70% of the company’s stock.

Institutional Trading of LSB Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in LSB Industries by 7.4% in the third quarter. Vanguard Group Inc. now owns 3,477,262 shares of the conglomerate’s stock worth $35,572,000 after acquiring an additional 238,294 shares in the last quarter. Dimensional Fund Advisors LP grew its position in LSB Industries by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,525,077 shares of the conglomerate’s stock valued at $23,509,000 after purchasing an additional 18,965 shares during the period. Gendell Jeffrey L increased its stake in LSB Industries by 22.9% during the 1st quarter. Gendell Jeffrey L now owns 2,450,496 shares of the conglomerate’s stock valued at $21,515,000 after purchasing an additional 457,139 shares in the last quarter. Victory Capital Management Inc. raised its holdings in LSB Industries by 14.0% during the third quarter. Victory Capital Management Inc. now owns 1,802,145 shares of the conglomerate’s stock worth $18,436,000 after buying an additional 221,743 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in LSB Industries by 9.3% during the first quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock worth $9,578,000 after buying an additional 92,500 shares during the last quarter. 73.67% of the stock is owned by institutional investors.

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 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.

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