LSB Industries (NYSE:LXU) Shares Gap Up – What’s Next?

LSB Industries, Inc. (NYSE:LXUGet Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $7.44, but opened at $7.75. LSB Industries shares last traded at $8.61, with a volume of 108,931 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $10.00 target price on shares of LSB Industries in a research report on Monday, November 4th. Piper Sandler raised shares of LSB Industries from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $9.00 to $11.00 in a report on Monday. Finally, UBS Group raised shares of LSB Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $9.50 to $11.00 in a research note on Thursday, October 10th.

Check Out Our Latest Research Report on LXU

LSB Industries Price Performance

The stock has a 50-day moving average of $8.34 and a two-hundred day moving average of $8.22. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95. The firm has a market cap of $643.16 million, a price-to-earnings ratio of -42.76, a price-to-earnings-growth ratio of 20.49 and a beta of 0.89.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LXU. International Assets Investment Management LLC lifted its position in shares of LSB Industries by 691.2% in the third quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock worth $7,272,000 after purchasing an additional 790,194 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of LSB Industries by 132.2% during the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock valued at $11,000,000 after buying an additional 778,937 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of LSB Industries by 34.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,463,395 shares of the conglomerate’s stock valued at $11,971,000 after acquiring an additional 372,500 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of LSB Industries by 11.0% in the third quarter. Systematic Financial Management LP now owns 1,660,443 shares of the conglomerate’s stock worth $13,350,000 after acquiring an additional 164,166 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of LSB Industries by 11.5% during the second quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock worth $10,740,000 after acquiring an additional 135,087 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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