LSB Industries (NYSE:LXU) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of LSB Industries, Inc. (NYSE:LXU) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.43 and traded as high as $8.59. LSB Industries shares last traded at $8.48, with a volume of 168,010 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group raised shares of LSB Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th. Piper Sandler lifted their price target on LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price objective on shares of LSB Industries in a research note on Monday, November 4th.

LSB Industries Trading Up 1.2 %

The firm has a market capitalization of $609.49 million, a PE ratio of -40.52, a price-to-earnings-growth ratio of 19.63 and a beta of 0.84. 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 company has a fifty day moving average of $8.45 and a 200-day moving average of $8.43.

Institutional Investors Weigh In On LSB Industries

Several institutional investors have recently made changes to their positions in LXU. International Assets Investment Management LLC raised its position in LSB Industries by 691.2% during the third quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock valued at $7,272,000 after acquiring an additional 790,194 shares in the last quarter. Cerity Partners LLC increased its stake in shares of LSB Industries by 132.2% during the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock worth $11,000,000 after purchasing an additional 778,937 shares during the last quarter. Gendell Jeffrey L lifted its stake in shares of LSB Industries by 22.9% in 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 during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of LSB Industries by 34.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,463,395 shares of the conglomerate’s stock valued at $11,971,000 after purchasing an additional 372,500 shares during the last quarter. Finally, Systematic Financial Management LP increased its position in LSB Industries by 11.0% during the third quarter. Systematic Financial Management LP now owns 1,660,443 shares of the conglomerate’s stock worth $13,350,000 after buying an additional 164,166 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

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.