LSB Industries, Inc. (NYSE:LXU - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.43 and traded as high as $8.59. LSB Industries shares last traded at $8.48, with a volume of 168,010 shares traded.
Analysts Set New Price Targets
Several research firms recently issued reports on LXU. Piper Sandler raised their price target on LSB Industries from $8.80 to $9.00 and gave the stock an "underweight" rating in a research report on Thursday, August 8th. UBS Group upgraded LSB Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $9.50 to $11.00 in a research report on Thursday, October 10th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $10.00 target price on shares of LSB Industries in a research note on Monday, November 4th.
Get Our Latest Stock Report on LSB Industries
LSB Industries Stock Down 0.8 %
The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. The firm has a market capitalization of $602.32 million, a P/E ratio of -40.05, a P/E/G ratio of 19.63 and a beta of 0.84. The company's 50-day simple moving average is $8.36 and its two-hundred day simple moving average is $8.43.
Institutional Investors Weigh In On LSB Industries
Several large investors have recently added to or reduced their stakes in LXU. BNP Paribas Financial Markets lifted its holdings in LSB Industries by 84.3% during the 1st quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate's stock valued at $232,000 after buying an additional 12,082 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of LSB Industries by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate's stock valued at $278,000 after purchasing an additional 1,837 shares during the period. Gendell Jeffrey L grew its stake in LSB Industries by 22.9% in the first quarter. Gendell Jeffrey L now owns 2,450,496 shares of the conglomerate's stock worth $21,515,000 after purchasing an additional 457,139 shares in the last quarter. Bayesian Capital Management LP purchased a new position in LSB Industries during the 1st quarter worth $97,000. Finally, Comerica Bank bought a new stake in LSB Industries during the 1st quarter valued at $210,000. 73.67% of the stock is owned by institutional investors.
About LSB Industries
(
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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.
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