LSB Industries (NYSE:LXU) Upgraded to "Overweight" at Piper Sandler

LSB Industries (NYSE:LXU - Get Free Report) was upgraded by stock analysts at Piper Sandler from an "underweight" rating to an "overweight" rating in a report released on Monday, MarketBeat.com reports. The brokerage currently has a $11.00 target price on the conglomerate's stock, up from their previous target price of $9.00. Piper Sandler's target price would suggest a potential upside of 21.41% from the company's previous close.

LXU has been the topic of several other research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $10.00 target price on shares of LSB Industries in a research report on Monday, November 4th. UBS Group upgraded LSB Industries from a "neutral" rating to a "buy" rating and raised their target price for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th.

LSB Industries Trading Up 21.8 %

Shares of LXU traded up $1.62 during mid-day trading on Monday, reaching $9.06. 960,359 shares of the company's stock traded hands, compared to its average volume of 401,465. LSB Industries has a 12 month low of $6.74 and a 12 month high of $10.40. The stock has a market cap of $648.89 million, a P/E ratio of -43.14, a P/E/G ratio of 20.49 and a beta of 0.89. The stock's 50-day moving average is $8.34 and its two-hundred day moving average is $8.22. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its holdings in shares of LSB Industries by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate's stock valued at $10,740,000 after purchasing an additional 135,087 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LSB Industries by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,364,562 shares of the conglomerate's stock valued at $19,342,000 after buying an additional 37,419 shares during the last quarter. Renaissance Technologies LLC raised its holdings in LSB Industries by 1.4% during the second quarter. Renaissance Technologies LLC now owns 1,816,865 shares of the conglomerate's stock worth $14,862,000 after purchasing an additional 25,713 shares in the last quarter. Moors & Cabot Inc. raised its holdings in LSB Industries by 132.2% during the second quarter. Moors & Cabot Inc. now owns 43,300 shares of the conglomerate's stock worth $354,000 after purchasing an additional 24,650 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. increased its holdings in LSB Industries by 18.9% in the second quarter. Pekin Hardy Strauss Inc. now owns 60,370 shares of the conglomerate's stock valued at $494,000 after buying an additional 9,600 shares in the last quarter. 73.67% of the stock is currently 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 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.