UBS Group Upgrades LSB Industries (NYSE:LXU) to Buy

LSB Industries (NYSE:LXU) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat reports. The brokerage presently has a $11.00 price target on the conglomerate’s stock, up from their previous price target of $9.50. UBS Group’s target price points to a potential upside of 17.08% from the company’s current price.

Other analysts also recently issued research reports about the company. Piper Sandler lifted their price target on LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price target on shares of LSB Industries in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, LSB Industries presently has a consensus rating of “Hold” and an average target price of $10.25.

LSB Industries Price Performance

Shares of LXU stock opened at $9.40 on Thursday. LSB Industries has a 12-month low of $6.74 and a 12-month high of $10.46. The firm has a market capitalization of $672.16 million, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82. The company has a quick ratio of 3.19, a current ratio of 3.41 and a debt-to-equity ratio of 0.92. The firm has a fifty day moving average of $7.88 and a 200-day moving average of $8.36.

LSB Industries (NYSE:LXU) last released its earnings results on Wednesday, July 31st. The conglomerate reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. LSB Industries had a return on equity of 1.29% and a net margin of 0.40%. The firm had revenue of $140.07 million during the quarter, compared to analysts’ expectations of $147.09 million. On average, equities research analysts forecast that LSB Industries will post 0.22 earnings per share for the current year.

Institutional Trading of LSB Industries

A number of hedge funds and other institutional investors have recently modified their holdings of LXU. Gendell Jeffrey L increased its position in shares of LSB Industries by 32.1% in the fourth quarter. Gendell Jeffrey L now owns 1,993,357 shares of the conglomerate’s stock valued at $18,558,000 after acquiring an additional 484,535 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of LSB Industries by 1.1% in the first quarter. International Assets Investment Management LLC now owns 112,827 shares of the conglomerate’s stock valued at $986,000 after acquiring an additional 1,260 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of LSB Industries by 84.3% in the first quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock valued at $232,000 after acquiring an additional 12,082 shares during the last quarter. Capstone Investment Advisors LLC increased its position in shares of LSB Industries by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 27,250 shares of the conglomerate’s stock valued at $239,000 after acquiring an additional 2,250 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of LSB Industries by 9.3% in the first quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock valued at $9,578,000 after acquiring an additional 92,500 shares during the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

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.