Lsb Industries (NYSE:LXU) Stock Jumps 5.2% – What’s Next?

Shares of Lsb Industries Inc. (NYSE:LXU) were up 5.2% on Monday. The stock traded as high as $10.17 and last traded at $10.40. 62,885 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 1,023,672 shares. The stock had previously closed at $9.89.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LXU shares. Weiss Ratings upgraded Lsb Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 16th. Royal Bank Of Canada raised Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Monday, August 10th. Freedom Broker assumed coverage on Lsb Industries in a research note on Tuesday. They issued a “hold” rating and a $9.50 price target on the stock. Wall Street Zen cut Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, set a $13.00 price objective on shares of Lsb Industries and gave the stock an “outperform” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.38.

Lsb Industries Stock Up 2.2%

The stock has a market capitalization of $746.98 million, a P/E ratio of 20.75 and a beta of 0.44. The firm’s 50 day simple moving average is $10.52 and its two-hundred day simple moving average is $11.71.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data 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 firm had revenue of $168.09 million for the quarter, compared to the consensus estimate of $155.45 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LXU. BlackRock Inc. bought a new stake in Lsb Industries during the 2nd quarter valued at $50,802,000. Dimensional Fund Advisors LP lifted its stake in shares of Lsb Industries by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate’s stock valued at $36,241,000 after buying an additional 57,999 shares in the last quarter. Robotti Robert bought a new position in shares of Lsb Industries in the second quarter valued at $22,914,000. Renaissance Technologies LLC lifted its stake in shares of Lsb Industries by 2.7% in the first quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock valued at $26,708,000 after buying an additional 46,613 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Lsb Industries during the first quarter valued at about $11,458,000. Institutional investors own 73.67% of the company’s stock.

Lsb Industries Company Profile

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.