Lsb Industries (NYSE:LXU) Stock Price Down 3.9% – What’s Next?

Lsb Industries Inc. (NYSE:LXU – Get Free Report) shares fell 3.9% on Tuesday. The stock traded as low as $10.20 and last traded at $10.0750. Approximately 96,911 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 1,027,208 shares. The stock had previously closed at $10.48.

Wall Street Analysts Forecast Growth

LXU has been the topic of several analyst reports. set a $13.00 price target on Lsb Industries and gave the stock an “outperform” rating in a research report on Monday, October 5th. Weiss Ratings raised Lsb Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Wall Street Zen downgraded shares of Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Royal Bank Of Canada raised shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target for the company in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lsb Industries has a consensus rating of “Hold” and an average price target of $14.67.

Get Our Latest Research Report on Lsb Industries

Lsb Industries Stock Performance

The stock has a fifty day moving average of $10.54 and a 200-day moving average of $11.85. The stock has a market capitalization of $743.40 million, a PE ratio of 20.65 and a beta of 0.44. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82.

Lsb Industries (NYSE:LXU – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.42). Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%. The firm had revenue of $168.09 million for the quarter, compared to analyst estimates of $155.45 million.

Institutional Investors Weigh In On Lsb Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its stake in Lsb Industries by 339.6% during the 2nd quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate’s stock worth $3,763,000 after purchasing an additional 268,939 shares during the period. Empowered Funds LLC purchased a new position in Lsb Industries in the 2nd quarter valued at approximately $3,845,000. Arrowstreet Capital Limited Partnership acquired a new stake in Lsb Industries in the 1st quarter valued at about $11,458,000. Bank of New York Mellon Corp acquired a new stake in shares of Lsb Industries in the second quarter valued at approximately $1,922,000. Finally, Sei Investments Co. grew its holdings in Lsb Industries by 343.2% during the 1st quarter. Sei Investments Co. now owns 182,351 shares of the conglomerate’s stock valued at $2,717,000 after buying an additional 141,208 shares during the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Lsb Industries Company Profile

(Get Free Report)

LSB Industries, Inc (NYSE:LXU) is a U.S.-based manufacturer of nitrogen-based chemical products. The company serves agricultural, industrial and mining customers, producing and selling products such as ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid.

Through its Agricultural Products business, LSB supplies nitrogen fertilizers used by farmers and agricultural distributors. Its Industrial Products business provides ammonia, sulfuric acid, nitric acid, carbon dioxide and related chemical products used in manufacturing, mining, explosives and other industrial applications.

Founded in 1969 and headquartered in Oklahoma City, Oklahoma, LSB Industries operates production facilities in the United States, including sites in Alabama, Arkansas and Oklahoma.

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