LSB Industries, Inc. (NYSE:LXU) Given Consensus Recommendation of “Hold” by Brokerages

Shares of LSB Industries, Inc. (NYSE:LXU) have received an average recommendation of “Hold” from the three analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $9.58.

Several research firms recently commented on LXU. UBS Group dropped their target price on LSB Industries from $9.25 to $8.75 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Piper Sandler boosted their price target on shares of LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 target price on shares of LSB Industries in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of LSB Industries from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th.

Institutional Trading of LSB Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LXU. International Assets Investment Management LLC raised its stake in LSB Industries by 805.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,038,689 shares of the conglomerate’s stock worth $9,670,000 after acquiring an additional 923,922 shares during the period. Cerity Partners LLC purchased a new stake in shares of LSB Industries in the fourth quarter worth approximately $5,461,000. Gendell Jeffrey L grew its holdings in shares of LSB Industries by 32.1% during the 4th 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 in the last quarter. Third Avenue Management LLC grew its stake in LSB Industries by 1,445.5% in the fourth quarter. Third Avenue Management LLC now owns 473,214 shares of the conglomerate’s stock valued at $4,406,000 after purchasing an additional 442,596 shares in the last quarter. Finally, First Eagle Investment Management LLC grew 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 buying an additional 372,500 shares in the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

LSB Industries Stock Down 0.3 %

Shares of LXU stock traded down $0.02 during trading hours on Monday, reaching $7.97. 118,858 shares of the company’s stock were exchanged, compared to its average volume of 413,079. The stock’s fifty day moving average price is $8.39 and its two-hundred day moving average price is $8.31. The stock has a market cap of $570.21 million, a PE ratio of 33.08, a PEG ratio of 2.09 and a beta of 0.85. LSB Industries has a 1 year low of $6.74 and a 1 year high of $10.83. The company has a current ratio of 3.41, a quick ratio of 3.44 and a debt-to-equity ratio of 0.92.

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.