LSB Industries (NYSE:LXU) Receives Outperform Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of LSB Industries (NYSE:LXU) in a report released on Monday, Benzinga reports. They currently have a $10.00 price objective on the conglomerate’s stock.

Other research analysts have also issued research reports about the stock. Piper Sandler upped their price objective on shares of LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, August 8th. UBS Group upgraded shares of LSB Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.25.

LSB Industries Price Performance

Shares of LXU traded down $0.01 during mid-day trading on Monday, hitting $8.41. The company’s stock had a trading volume of 8,140 shares, compared to its average volume of 394,336. LSB Industries has a one year low of $6.74 and a one year high of $10.40. The stock’s 50-day moving average is $8.17 and its two-hundred day moving average is $8.40. 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

Several institutional investors have recently added to or reduced their stakes in LXU. Gendell Jeffrey L raised its position in LSB Industries by 22.9% in the 1st quarter. Gendell Jeffrey L now owns 2,450,496 shares of the conglomerate’s stock valued at $21,515,000 after purchasing an additional 457,139 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LSB Industries by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,364,562 shares of the conglomerate’s stock valued at $19,342,000 after buying an additional 37,419 shares during the last quarter. Renaissance Technologies LLC lifted its position in LSB Industries by 1.4% during 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 in the last quarter. First Eagle Investment Management LLC grew its holdings in LSB Industries by 34.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,463,395 shares of the conglomerate’s stock worth $11,971,000 after acquiring an additional 372,500 shares during the last quarter. Finally, American Century Companies Inc. increased its position in LSB Industries by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock valued at $10,740,000 after acquiring an additional 135,087 shares in the last quarter. 73.67% of the stock is 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.