Lsb Industries (NYSE:LXU) Shares Down 3.6% – Here’s What Happened

Shares of Lsb Industries Inc. (NYSE:LXU) dropped 3.6% on Monday . The company traded as low as $11.60 and last traded at $11.80. 73,147 shares traded hands during trading, a decline of 93% from the average session volume of 1,113,401 shares. The stock had previously closed at $12.24.

Analyst Upgrades and Downgrades

A number of research firms have commented on LXU. Weiss Ratings reissued a “hold (c)” rating on shares of Lsb Industries in a research note on Tuesday, July 21st. UBS Group set a $16.00 target price on Lsb Industries and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada cut their price target on Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Lsb Industries presently has an average rating of “Hold” and a consensus target price of $14.67.

Lsb Industries Stock Performance

The stock has a market cap of $824.43 million, a price-to-earnings ratio of 18.19 and a beta of 0.34. The company has a current ratio of 3.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $11.73 and a 200-day simple moving average of $12.28.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, April 29th. The conglomerate reported $0.27 EPS for the quarter, beating the consensus estimate of $0.13 by $0.14. The company had revenue of $169.49 million during the quarter, compared to analysts’ expectations of $166.19 million. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%. Analysts forecast that Lsb Industries Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity

In related news, Director Lynn F. White sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total value of $472,000.00. Following the transaction, the director owned 202,489 shares in the company, valued at $2,389,370.20. This trade represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kristy Carver sold 9,554 shares of Lsb Industries stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.38, for a total value of $118,278.52. Following the completion of the sale, the senior vice president owned 47,452 shares of the company’s stock, valued at approximately $587,455.76. The trade was a 16.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lsb Industries

Several institutional investors have recently modified their holdings of the business. Wedge Capital Management L L P NC raised its stake in shares of Lsb Industries by 19.1% during the second quarter. Wedge Capital Management L L P NC now owns 122,432 shares of the conglomerate’s stock worth $1,323,000 after buying an additional 19,656 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Lsb Industries by 43.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 48,539 shares of the conglomerate’s stock valued at $525,000 after acquiring an additional 14,769 shares during the last quarter. Bank of America Corp DE grew its holdings in Lsb Industries by 124.7% during the 1st quarter. Bank of America Corp DE now owns 249,021 shares of the conglomerate’s stock worth $3,710,000 after acquiring an additional 138,217 shares during the period. Empowered Funds LLC grew its holdings in Lsb Industries by 8.4% during the 1st quarter. Empowered Funds LLC now owns 339,458 shares of the conglomerate’s stock worth $5,058,000 after acquiring an additional 26,410 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Lsb Industries by 12.5% during the 1st quarter. Quantinno Capital Management LP now owns 50,061 shares of the conglomerate’s stock worth $746,000 after acquiring an additional 5,578 shares during the period. Institutional investors and hedge funds 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.