Lsb Industries (NYSE:LXU) Shares Down 7.3% – What’s Next?

Lsb Industries Inc. (NYSE:LXU) shares fell 7.3% on Wednesday . The company traded as low as $13.11 and last traded at $13.3750. 389,346 shares traded hands during trading, a decline of 69% from the average session volume of 1,237,117 shares. The stock had previously closed at $14.43.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LXU. Weiss Ratings raised shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Wall Street Zen raised shares of Lsb Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday. Royal Bank Of Canada reissued a “sector perform” rating and set a $14.00 price target (up from $13.00) on shares of Lsb Industries in a research report on Tuesday. UBS Group raised their price target on shares of Lsb Industries from $9.75 to $16.50 and gave the company a “neutral” rating in a research report on Thursday, March 26th. Finally, Jefferies Financial Group raised their price target on shares of Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, March 12th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.17.

Lsb Industries Price Performance

The business’s 50-day moving average is $12.38 and its two-hundred day moving average is $10.11. The company has a quick ratio of 2.61, a current ratio of 2.78 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $986.07 million, a P/E ratio of 40.44 and a beta of 0.48.

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

Insider Buying and Selling

In related news, Director Barry H. Golsen sold 17,813 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $10.04, for a total transaction of $178,842.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the senior vice president owned 52,613 shares of the company’s stock, valued at $525,603.87. This trade represents a 27.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 387,113 shares of company stock worth $3,731,647. Insiders own 4.30% of the company’s stock.

Institutional Trading of Lsb Industries

A number of large investors have recently added to or reduced their stakes in LXU. Kestra Advisory Services LLC purchased a new stake in Lsb Industries during the fourth quarter worth about $29,000. Russell Investments Group Ltd. increased its holdings in Lsb Industries by 2,900.0% during the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after buying an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in Lsb Industries during the third quarter worth about $42,000. Tower Research Capital LLC TRC increased its stake in shares of Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 2,856 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Lsb Industries in the third quarter worth about $94,000. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Lsb Industries Company Profile

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.