LSB Industries (NYSE:LXU) Stock Price Down 9.8%

Shares of LSB Industries, Inc. (NYSE:LXUGet Rating) fell 9.8% on Friday . The company traded as low as $12.92 and last traded at $12.93. 21,227 shares changed hands during trading, a decline of 98% from the average session volume of 1,061,320 shares. The stock had previously closed at $14.34.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on LSB Industries in a research report on Wednesday, September 14th. They set a “buy” rating and a $23.00 price target for the company. Piper Sandler assumed coverage on LSB Industries in a research report on Monday, September 12th. They set an “overweight” rating and a $26.00 price target for the company. UBS Group assumed coverage on LSB Industries in a research report on Wednesday, August 31st. They set a “buy” rating and a $20.00 price target for the company. Finally, StockNews.com downgraded LSB Industries from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, LSB Industries has an average rating of “Moderate Buy” and a consensus price target of $23.00.

LSB Industries Stock Down 10.7 %

The company has a quick ratio of 5.13, a current ratio of 5.44 and a debt-to-equity ratio of 1.16. The stock has a market cap of $1.14 billion, a P/E ratio of -3.18 and a beta of 1.70. The company has a 50-day simple moving average of $14.52 and a two-hundred day simple moving average of $17.75.

Insider Activity

In other news, major shareholder Sbt Investors Llc sold 6,750,000 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $12.32, for a total transaction of $83,160,000.00. Following the transaction, the insider now directly owns 18,053,398 shares of the company’s stock, valued at $222,417,863.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On LSB Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LXU. Robotti Robert boosted its holdings in LSB Industries by 28.7% in the fourth quarter. Robotti Robert now owns 1,766,451 shares of the conglomerate’s stock worth $19,519,000 after acquiring an additional 394,294 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of LSB Industries by 21.7% during the second quarter. Millennium Management LLC now owns 1,509,100 shares of the conglomerate’s stock valued at $20,916,000 after purchasing an additional 269,312 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of LSB Industries by 23.8% during the second quarter. Renaissance Technologies LLC now owns 1,402,802 shares of the conglomerate’s stock valued at $19,443,000 after purchasing an additional 270,113 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of LSB Industries by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,389,435 shares of the conglomerate’s stock valued at $30,345,000 after purchasing an additional 74,748 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of LSB Industries by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,380,171 shares of the conglomerate’s stock valued at $30,143,000 after purchasing an additional 150,739 shares in the last quarter.

LSB Industries Company Profile

(Get Rating)

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

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