LSB Industries (NYSE:LXU) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of LSB Industries (NYSE:LXUGet Rating) from a hold rating to a buy rating in a research report report published on Friday morning.

A number of other analysts have also recently weighed in on LXU. UBS Group assumed coverage on LSB Industries in a research report on Wednesday, August 31st. They set a buy rating and a $20.00 price objective for the company. The Goldman Sachs Group assumed coverage on LSB Industries in a research report on Tuesday, October 25th. They set a neutral rating and a $20.00 price objective for the company. Piper Sandler assumed coverage on LSB Industries in a research report on Monday, September 12th. They set an overweight rating and a $26.00 price objective for the company. Finally, Stifel Nicolaus assumed coverage on LSB Industries in a research report on Wednesday, September 14th. They set a buy rating and a $23.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $22.25.

LSB Industries Stock Down 0.4 %

Shares of NYSE LXU opened at $13.46 on Friday. The stock has a market cap of $1.10 billion, a PE ratio of 5.85 and a beta of 1.71. The company has a quick ratio of 3.67, a current ratio of 3.87 and a debt-to-equity ratio of 1.34. LSB Industries has a 52-week low of $8.13 and a 52-week high of $27.45. The business has a 50-day moving average price of $15.58 and a 200 day moving average price of $15.80.

Insider Activity

In other news, major shareholder Lsb Funding Llc sold 15,977,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $12.99, for a total value of $207,547,725.00. Following the completion of the sale, the insider now directly owns 1,672,500 shares of the company’s stock, valued at approximately $21,725,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On LSB Industries

Hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new position in LSB Industries in the 3rd quarter valued at approximately $40,000. Allspring Global Investments Holdings LLC purchased a new position in LSB Industries in the 3rd quarter valued at approximately $52,000. Newbridge Financial Services Group Inc. increased its stake in LSB Industries by 81.8% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,379 shares of the conglomerate’s stock valued at $61,000 after purchasing an additional 1,970 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in LSB Industries in the 2nd quarter valued at approximately $64,000. Finally, Royal Bank of Canada purchased a new position in LSB Industries in the 1st quarter valued at approximately $93,000.

About LSB Industries

(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.

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