LSB Industries (NYSE:LXU) Given New $9.00 Price Target at Piper Sandler

LSB Industries (NYSE:LXU - Get Free Report) had its price objective lifted by investment analysts at Piper Sandler from $8.00 to $9.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an "underweight" rating on the conglomerate's stock. Piper Sandler's price target points to a potential upside of 3.69% from the stock's current price.

Separately, UBS Group lowered their price objective on shares of LSB Industries from $9.00 to $7.75 and set a "neutral" rating on the stock in a research report on Wednesday, March 6th.

LSB Industries Price Performance

NYSE:LXU traded up $0.02 during trading hours on Tuesday, hitting $8.68. The stock had a trading volume of 267,889 shares, compared to its average volume of 474,019. The firm has a market capitalization of $620.97 million, a price-to-earnings ratio of 36.17 and a beta of 1.10. LSB Industries has a one year low of $6.74 and a one year high of $11.69. The company has a 50 day simple moving average of $8.07 and a two-hundred day simple moving average of $8.35. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.64 and a quick ratio of 3.44.

LSB Industries (NYSE:LXU - Get Free Report) last posted its earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). LSB Industries had a return on equity of 2.70% and a net margin of 3.20%. The business had revenue of $132.61 million for the quarter, compared to analysts' expectations of $127.62 million. Research analysts forecast that LSB Industries will post 0.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John Burns sold 33,243 shares of the company's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $9.25, for a total value of $307,497.75. Following the completion of the sale, the executive vice president now owns 131,286 shares of the company's stock, valued at approximately $1,214,395.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.70% of the company's stock.

Institutional Trading of LSB Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio raised its holdings in LSB Industries by 79.3% during the 4th quarter. Strs Ohio now owns 5,200 shares of the conglomerate's stock valued at $48,000 after buying an additional 2,300 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of LSB Industries by 1,207.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,489 shares of the conglomerate's stock worth $98,000 after purchasing an additional 9,687 shares in the last quarter. Teza Capital Management LLC bought a new position in shares of LSB Industries during the third quarter valued at $119,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of LSB Industries by 154.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,657 shares of the conglomerate's stock valued at $109,000 after buying an additional 7,074 shares during the last quarter. Finally, Arizona State Retirement System raised its position in LSB Industries by 9.2% in the 3rd quarter. Arizona State Retirement System now owns 15,173 shares of the conglomerate's stock worth $155,000 after buying an additional 1,274 shares during the last quarter. Institutional investors own 73.67% of the company's stock.

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.