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Wall Street Zen Upgrades LSB Industries (NYSE:LXU) to Hold

LSB Industries logo with Multi-Sector Conglomerates background

Wall Street Zen upgraded shares of LSB Industries (NYSE:LXU - Free Report) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other equities research analysts have also commented on the stock. Piper Sandler set a $10.00 price objective on shares of LSB Industries in a research report on Thursday, March 27th. UBS Group lowered their price target on shares of LSB Industries from $11.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th.

View Our Latest Stock Report on LSB Industries

LSB Industries Price Performance

Shares of LSB Industries stock traded up $0.08 during trading on Friday, reaching $7.90. The company's stock had a trading volume of 430,799 shares, compared to its average volume of 379,848. The business has a 50 day moving average price of $6.36 and a 200-day moving average price of $7.45. The company has a market capitalization of $567.84 million, a P/E ratio of -37.62, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. LSB Industries has a 12-month low of $4.88 and a 12-month high of $10.40.

LSB Industries (NYSE:LXU - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $143.43 million for the quarter, compared to analyst estimates of $139.79 million. LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. As a group, sell-side analysts anticipate that LSB Industries will post -0.18 EPS for the current year.

Hedge Funds Weigh In On LSB Industries

Institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in LSB Industries by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,578 shares of the conglomerate's stock worth $232,000 after purchasing an additional 1,292 shares in the last quarter. Barclays PLC lifted its holdings in LSB Industries by 1.7% during the 4th quarter. Barclays PLC now owns 90,783 shares of the conglomerate's stock worth $688,000 after buying an additional 1,510 shares during the last quarter. Kennedy Capital Management LLC grew its position in shares of LSB Industries by 1.1% in the 4th quarter. Kennedy Capital Management LLC now owns 162,269 shares of the conglomerate's stock worth $1,232,000 after acquiring an additional 1,691 shares in the last quarter. Humankind Investments LLC increased its holdings in shares of LSB Industries by 12.1% in the 1st quarter. Humankind Investments LLC now owns 16,372 shares of the conglomerate's stock valued at $108,000 after acquiring an additional 1,769 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of LSB Industries by 2.9% during the 4th quarter. LPL Financial LLC now owns 70,100 shares of the conglomerate's stock valued at $532,000 after acquiring an additional 1,960 shares in the last quarter. 73.67% of the stock is owned by institutional investors and hedge funds.

LSB Industries Company Profile

(Get Free Report)

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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