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

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

Separately, Piper Sandler raised shares of LSB Industries from an “underweight” rating to an “overweight” rating and increased their price target for the company from $9.00 to $11.00 in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.75.

LSB Industries Trading Down 2.2 %

Shares of LSB Industries stock opened at $6.95 on Wednesday. The company has a market capitalization of $498.99 million, a P/E ratio of -33.07, a P/E/G ratio of 0.89 and a beta of 0.69. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53. The company has a fifty day moving average of $8.03 and a 200 day moving average of $8.21. LSB Industries has a fifty-two week low of $6.43 and a fifty-two week high of $10.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its position in LSB Industries by 157.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate’s stock valued at $28,000 after purchasing an additional 2,230 shares during the period. FNY Investment Advisers LLC acquired a new position in LSB Industries during the fourth quarter valued at $54,000. New York State Common Retirement Fund lifted its position in LSB Industries by 48.6% during the fourth quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate’s stock valued at $63,000 after purchasing an additional 2,700 shares during the period. KLP Kapitalforvaltning AS acquired a new position in LSB Industries during the fourth quarter valued at $71,000. Finally, EP Wealth Advisors LLC purchased a new position in LSB Industries in the fourth quarter valued at $84,000. 73.67% of the stock is currently owned by institutional investors and hedge funds.

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.