LSB Industries (NYSE:LXU) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of LSB Industries (NYSE:LXU) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Separately, Piper Sandler upgraded 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 analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.75.

LSB Industries Price Performance

Shares of LSB Industries stock opened at $7.13 on Wednesday. LSB Industries has a twelve month low of $6.43 and a twelve month high of $10.40. The stock has a market capitalization of $511.92 million, a P/E ratio of -33.93, a PEG ratio of 0.89 and a beta of 0.69. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95. The business’s fifty day moving average price is $8.02 and its 200 day moving average price is $8.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in shares of LSB Industries by 157.0% during 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 in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of LSB Industries during the fourth quarter worth about $54,000. New York State Common Retirement Fund increased its position in shares of LSB Industries by 48.6% during the fourth quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate’s stock worth $63,000 after acquiring an additional 2,700 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of LSB Industries during the fourth quarter worth about $71,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of LSB Industries during the fourth quarter worth about $84,000. 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.