LSB Industries (NYSE:LXU) Lowered to Sell Rating by StockNews.com

LSB Industries (NYSE:LXU) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Separately, Piper Sandler raised LSB Industries from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $9.00 to $11.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.75.

LSB Industries Stock Performance

Shares of LSB Industries stock traded up $0.05 during trading hours on Wednesday, reaching $7.10. The company had a trading volume of 302,062 shares, compared to its average volume of 388,503. The firm has a market cap of $509.77 million, a PE ratio of -33.78, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69. LSB Industries has a one year low of $6.43 and a one year high of $10.40. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. The business has a fifty day simple moving average of $8.04 and a 200 day simple moving average of $8.22.

Hedge Funds Weigh In On LSB Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LXU. Cerity Partners LLC lifted its position in LSB Industries by 132.2% during the third quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock valued at $11,000,000 after purchasing an additional 778,937 shares during the last quarter. CenterBook Partners LP purchased a new stake in shares of LSB Industries during the 4th quarter valued at $1,312,000. Millennium Management LLC lifted its holdings in shares of LSB Industries by 220.9% during the 4th quarter. Millennium Management LLC now owns 248,653 shares of the conglomerate’s stock worth $1,887,000 after acquiring an additional 171,176 shares during the last quarter. American Century Companies Inc. grew its position in LSB Industries by 11.7% in the fourth quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate’s stock worth $12,304,000 after acquiring an additional 169,275 shares in the last quarter. Finally, Systematic Financial Management LP increased its stake in LSB Industries by 11.0% in the third quarter. Systematic Financial Management LP now owns 1,660,443 shares of the conglomerate’s stock valued at $13,350,000 after acquiring an additional 164,166 shares during the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

LSB Industries Company Profile

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.