LSB Industries (NYSE:LXU) Raised to Overweight at Piper Sandler

LSB Industries (NYSE:LXU) was upgraded by research analysts at Piper Sandler from an “underweight” rating to an “overweight” rating in a report issued on Monday. The brokerage currently has a $11.00 target price on the conglomerate’s stock, up from their prior target price of $9.00. Piper Sandler’s target price points to a potential upside of 47.85% from the stock’s current price.

Several other analysts also recently commented on the stock. UBS Group upgraded shares of LSB Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.50 to $11.00 in a research report on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price target on shares of LSB Industries in a report on Monday, November 4th.

LSB Industries Stock Up 0.8 %

Shares of LXU stock opened at $7.44 on Monday. The company has a market capitalization of $532.86 million, a price-to-earnings ratio of -35.43, a PEG ratio of 20.49 and a beta of 0.89. LSB Industries has a one year low of $6.74 and a one year high of $10.40. The company’s fifty day moving average price is $8.34 and its 200-day moving average price is $8.22. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36.

Institutional Trading of LSB Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. increased its holdings in shares of LSB Industries by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock worth $10,740,000 after buying an additional 135,087 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of LSB Industries by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,364,562 shares of the conglomerate’s stock worth $19,342,000 after buying an additional 37,419 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of LSB Industries by 1.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,816,865 shares of the conglomerate’s stock worth $14,862,000 after buying an additional 25,713 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of LSB Industries by 132.2% in the 2nd quarter. Moors & Cabot Inc. now owns 43,300 shares of the conglomerate’s stock worth $354,000 after buying an additional 24,650 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. increased its holdings in shares of LSB Industries by 18.9% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 60,370 shares of the conglomerate’s stock worth $494,000 after buying an additional 9,600 shares during the last quarter. 73.67% of the stock is currently owned by 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.