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

StockNews.com cut shares of LSB Industries (NYSE:LXU) from a hold rating to a sell rating in a report released on Wednesday.

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

LSB Industries Stock Up 2.7 %

Shares of LSB Industries stock opened at $7.13 on Wednesday. The firm has a market cap of $511.92 million, a P/E ratio of -33.93, a P/E/G ratio of 0.89 and a beta of 0.69. The business has a 50-day moving average price of $8.02 and a 200 day moving average price of $8.20. LSB Industries has a fifty-two week low of $6.43 and a fifty-two week high of $10.40. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95.

Hedge Funds Weigh In On LSB Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in LSB Industries by 157.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate’s stock worth $28,000 after purchasing an additional 2,230 shares during the period. FNY Investment Advisers LLC bought a new position in shares of LSB Industries in the fourth quarter valued at $54,000. New York State Common Retirement Fund raised its stake in LSB Industries by 48.6% during the 4th quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate’s stock valued at $63,000 after purchasing an additional 2,700 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in LSB Industries during the 4th quarter valued at $71,000. Finally, Fox Run Management L.L.C. acquired a new stake in LSB Industries during the 4th quarter valued at $84,000. 73.67% of the stock is currently owned by institutional investors and hedge funds.

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.