LSB Industries (NYSE:LXU) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of LSB Industries (NYSE:LXUGet Rating) in a report released on Wednesday morning, The Fly reports. The firm issued a buy rating and a $23.00 price objective on the conglomerate’s stock.

LXU has been the topic of a number of other reports. StockNews.com lowered shares of LSB Industries from a buy rating to a hold rating in a report on Thursday, September 1st. UBS Group started coverage on shares of LSB Industries in a research report on Wednesday, August 31st. They issued a buy rating and a $20.00 target price on the stock. Finally, Piper Sandler started coverage on shares of LSB Industries in a research report on Monday. They issued an overweight rating and a $26.00 target price on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $23.00.

LSB Industries Price Performance

Shares of LXU opened at $17.32 on Wednesday. LSB Industries has a twelve month low of $6.58 and a twelve month high of $27.45. The firm’s fifty day simple moving average is $14.16 and its 200-day simple moving average is $17.86. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -4.20 and a beta of 1.70. The company has a current ratio of 5.44, a quick ratio of 5.13 and a debt-to-equity ratio of 1.16.

Insiders Place Their Bets

In other LSB Industries news, major shareholder Sbt Investors Llc sold 6,750,000 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $12.32, for a total transaction of $83,160,000.00. Following the transaction, the insider now directly owns 18,053,398 shares of the company’s stock, valued at approximately $222,417,863.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc purchased a new position in LSB Industries during the 2nd quarter worth $156,000. ExodusPoint Capital Management LP boosted its holdings in shares of LSB Industries by 6.9% in the second quarter. ExodusPoint Capital Management LP now owns 91,515 shares of the conglomerate’s stock valued at $1,268,000 after acquiring an additional 5,910 shares in the last quarter. Walleye Capital LLC boosted its holdings in shares of LSB Industries by 143.7% in the second quarter. Walleye Capital LLC now owns 104,672 shares of the conglomerate’s stock valued at $1,451,000 after acquiring an additional 61,716 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of LSB Industries by 29.9% in the second quarter. Goldman Sachs Group Inc. now owns 437,317 shares of the conglomerate’s stock valued at $6,061,000 after acquiring an additional 100,590 shares in the last quarter. Finally, CastleKnight Management LP boosted its holdings in shares of LSB Industries by 2.3% in the second quarter. CastleKnight Management LP now owns 345,719 shares of the conglomerate’s stock valued at $4,792,000 after acquiring an additional 7,642 shares in the last quarter.

LSB Industries Company Profile

(Get Rating)

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

Further Reading

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