Lsb Industries (NYSE:LXU) Shares Down 5% – Here’s Why

Lsb Industries Inc. (NYSE:LXU) shares fell 5% on Monday . The stock traded as low as $10.51 and last traded at $10.4910. 462,686 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 1,060,255 shares. The stock had previously closed at $11.04.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a research report on Monday, August 10th. Wall Street Zen downgraded Lsb Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings cut Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.67.

Lsb Industries Stock Performance

The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $10.90 and its two-hundred day moving average is $12.50. The company has a market cap of $754.97 million, a PE ratio of 20.98 and a beta of 0.31.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42). The business had revenue of $168.09 million during the quarter, compared to analysts’ expectations of $155.45 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%. On average, equities research analysts anticipate that Lsb Industries Inc. will post 0.53 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC raised its position in shares of Lsb Industries by 339.6% during the second quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate’s stock valued at $3,763,000 after buying an additional 268,939 shares during the last quarter. Arizona State Retirement System purchased a new position in Lsb Industries during the second quarter valued at $166,000. AXQ Capital LP grew its stake in Lsb Industries by 4.8% during the second quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate’s stock valued at $505,000 after acquiring an additional 2,144 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Lsb Industries by 156.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,403 shares of the conglomerate’s stock valued at $296,000 after acquiring an additional 16,714 shares during the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new stake in Lsb Industries in the 2nd quarter worth $252,000. 73.67% of the stock is currently owned by institutional investors.

Lsb Industries Company Profile

LSB Industries, Inc is a diversified chemical company that manufactures nitrogen-based fertilizer and industrial products. Its agricultural offerings include ammonia, urea ammonium nitrate (UAN) and ammonium nitrate, which are used by farmers and agricultural distributors to support crop production.

The company also produces industrial chemicals, including ammonia and nitric acid, for applications in areas such as emissions control, chemical processing, mining and other industrial markets.