LSB Industries Inc. (NYSE:LXU) dropped 9% on Tuesday . The stock traded as low as $11.41 and last traded at $11.57, with a volume of 353,766 shares. The stock had previously closed at $12.71.

LXU has been the subject of several recent research reports. Feltl & Co. upgraded shares of LSB Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 6th. Avondale Partners increased their target price on shares of LSB Industries from $10.00 to $13.00 and gave the stock a “market outperform” rating in a research note on Wednesday, March 9th. Finally, Zacks Investment Research downgraded shares of LSB Industries from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th.

The firm has a 50 day moving average of $12.93 and a 200 day moving average of $10.18. The firm’s market capitalization is $276.71 million.

LSB Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.23. The company had revenue of $165.60 million for the quarter, compared to analyst estimates of $161.43 million. During the same period in the previous year, the company posted $0.28 earnings per share. The firm’s revenue was down 16.7% on a year-over-year basis. Analysts expect that LSB Industries Inc. will post ($0.85) EPS for the current fiscal year.

In related news, major shareholder Lsb Funding Llc sold 34,422 shares of the business’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $11.92, for a total transaction of $410,310.24. Following the completion of the sale, the insider now owns 4,103,746 shares of the company’s stock, valued at approximately $48,916,652.32. The sale was disclosed in a legal filing with the SEC, which is available through this link.

A hedge fund recently raised its stake in LSB Industries stock. Russell Frank Co raised its position in shares of LSB Industries Inc. (NYSE:LXU) by 63.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 273,827 shares of the company’s stock after buying an additional 106,429 shares during the period. Russell Frank Co owned about 1.20% of LSB Industries worth $1,966,000 at the end of the most recent quarter.

LSB Industries, Inc is a holding company engaged in manufacturing and marketing operations through its subsidiaries. The Company operates in two segments: Chemical Business and Climate Control Business. LSB and its wholly owned subsidiaries own businesses, which include chemical business manufactures and sells nitrogen-based chemical products for the agricultural, industrial, and mining markets and climate control business manufactures and sells a range of heating, ventilation and air conditioning (HVAC) products that include water source and geothermal heat pumps, hydronic fan coils, custom air handlers, modular geothermal and other chillers, and other related products and services.

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