LSB Industries (NYSE:LXU) Rating Lowered to Hold at StockNews.com

LSB Industries (NYSE:LXU) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Separately, TheStreet downgraded LSB Industries from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, LSB Industries currently has a consensus rating of “Hold” and an average target price of $13.86.

LSB Industries Trading Down 0.4 %

LXU stock opened at $7.82 on Thursday. The company has a market cap of $581.34 million, a P/E ratio of 6.16 and a beta of 1.39. LSB Industries has a twelve month low of $7.72 and a twelve month high of $15.56. The company has a quick ratio of 4.15, a current ratio of 4.39 and a debt-to-equity ratio of 1.08. The business has a fifty day moving average of $9.80 and a 200-day moving average of $9.90.

Institutional Investors Weigh In On LSB Industries

A number of institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC grew its stake in shares of LSB Industries by 2.9% during the second quarter. Exchange Traded Concepts LLC now owns 36,652 shares of the conglomerate’s stock worth $361,000 after purchasing an additional 1,028 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of LSB Industries by 0.3% during the second quarter. Goldman Sachs Group Inc. now owns 403,904 shares of the conglomerate’s stock worth $3,978,000 after purchasing an additional 1,208 shares during the period. Arizona State Retirement System grew its stake in shares of LSB Industries by 9.2% during the third quarter. Arizona State Retirement System now owns 15,173 shares of the conglomerate’s stock worth $155,000 after purchasing an additional 1,274 shares during the period. Bailard Inc. grew its stake in shares of LSB Industries by 4.1% during the third quarter. Bailard Inc. now owns 35,993 shares of the conglomerate’s stock worth $368,000 after purchasing an additional 1,433 shares during the period. Finally, International Assets Investment Management LLC grew its stake in LSB Industries by 1.3% in the second quarter. International Assets Investment Management LLC now owns 116,577 shares of the conglomerate’s stock valued at $1,148,000 after acquiring an additional 1,520 shares during the period. 54.22% of the stock is owned by institutional investors and hedge funds.

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 ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.