Lsb Industries Inc. (NYSE:LXU) Short Interest Update

Lsb Industries Inc. (NYSE:LXUGet Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,967,476 shares, a growth of 51.7% from the March 15th total of 1,296,583 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average trading volume of 2,449,402 shares, the short-interest ratio is currently 0.8 days.

Lsb Industries Stock Down 3.0%

NYSE:LXU traded down $0.43 during mid-day trading on Tuesday, reaching $13.84. The stock had a trading volume of 544,218 shares, compared to its average volume of 1,266,610. The company has a market capitalization of $994.40 million, a price-to-earnings ratio of 40.50 and a beta of 0.48. Lsb Industries has a 1-year low of $4.92 and a 1-year high of $17.22. The stock’s 50 day simple moving average is $12.76 and its two-hundred day simple moving average is $10.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.78 and a quick ratio of 2.61.

Lsb Industries (NYSE:LXUGet Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $165.05 million during the quarter, compared to the consensus estimate of $153.88 million. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%. Equities analysts anticipate that Lsb Industries will post -0.18 EPS for the current year.

Analyst Ratings Changes

LXU has been the subject of several recent analyst reports. Weiss Ratings upgraded Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded Lsb Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 6th. Royal Bank Of Canada restated a “sector perform” rating and set a $14.00 target price (up from $13.00) on shares of Lsb Industries in a research note on Tuesday, April 7th. Jefferies Financial Group raised their target price on Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, March 12th. Finally, Zacks Research downgraded Lsb Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.17.

Check Out Our Latest Stock Analysis on Lsb Industries

Insider Activity

In other news, SVP Kristy Carver sold 19,550 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total transaction of $195,304.50. Following the completion of the sale, the senior vice president directly owned 52,613 shares in the company, valued at $525,603.87. This trade represents a 27.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Cheryl Maguire sold 7,551 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $10.00, for a total value of $75,510.00. Following the sale, the chief financial officer owned 200,719 shares of the company’s stock, valued at $2,007,190. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 211,416 shares of company stock worth $2,122,098 over the last ninety days. Corporate insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

A number of hedge funds have recently bought and sold shares of the company. Kennedy Capital Management LLC grew its stake in Lsb Industries by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 277,355 shares of the conglomerate’s stock worth $2,358,000 after purchasing an additional 1,210 shares in the last quarter. Rhumbline Advisers lifted its holdings in Lsb Industries by 1.8% in the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock worth $700,000 after acquiring an additional 1,616 shares during the last quarter. Millennium Management LLC lifted its holdings in Lsb Industries by 8.5% in the fourth quarter. Millennium Management LLC now owns 21,573 shares of the conglomerate’s stock worth $183,000 after acquiring an additional 1,692 shares during the last quarter. First Bank & Trust lifted its holdings in Lsb Industries by 13.4% in the third quarter. First Bank & Trust now owns 16,239 shares of the conglomerate’s stock worth $128,000 after acquiring an additional 1,922 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in Lsb Industries by 21.0% in the third quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock worth $97,000 after acquiring an additional 2,148 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Lsb Industries Company Profile

(Get Free Report)

LSB Industries, Inc (NYSE: LXU) is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.

Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.

Further Reading

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