Lsb Industries (NYSE:LXU) Stock Breaks Above 50 Day Moving Average – What’s Next?

Shares of Lsb Industries Inc. (NYSE:LXU) crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $10.57 and traded as high as $10.61. Lsb Industries shares last traded at $10.5720, with a volume of 1,007,188 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on LXU. UBS Group raised their price target on Lsb Industries from $12.00 to $12.50 and gave the company a “neutral” rating in a report on Tuesday. Wall Street Zen cut Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. set a $13.00 target price on Lsb Industries and gave the company an “outperform” rating in a research note on Monday, October 5th. Royal Bank Of Canada upgraded Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research note on Monday, August 10th. Finally, Freedom Broker started coverage on Lsb Industries in a research note on Tuesday, October 27th. They set a “hold” rating and a $9.50 target price on the stock. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.50.

Lsb Industries Trading Up 2.1%

The company has a market cap of $761.18 million, a price-to-earnings ratio of 17.05 and a beta of 0.36. The company has a quick ratio of 2.83, a current ratio of 3.01 and a debt-to-equity ratio of 0.79. The company’s fifty day moving average price is $10.57 and its two-hundred day moving average price is $11.76.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, October 28th. The conglomerate reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. The firm had revenue of $158.60 million for the quarter, compared to analysts’ expectations of $160.18 million. Lsb Industries had a net margin of 6.95% and a return on equity of 8.51%.

Institutional Trading of Lsb Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Persistent Asset Partners Ltd acquired a new position in shares of Lsb Industries in the 2nd quarter valued at $47,000. Allworth Financial LP lifted its holdings in shares of Lsb Industries by 4,225.4% in the third quarter. Allworth Financial LP now owns 6,142 shares of the conglomerate’s stock worth $66,000 after acquiring an additional 6,000 shares during the last quarter. Cibc World Market Inc. bought a new position in shares of Lsb Industries in the second quarter worth $140,000. Diversified Trust Co raised its holdings in shares of Lsb Industries by 9.1% during the third quarter. Diversified Trust Co now owns 14,741 shares of the conglomerate’s stock valued at $144,000 after purchasing an additional 1,230 shares during the last quarter. Finally, PDT Partners LLC acquired a new stake in Lsb Industries in the second quarter valued at approximately $145,000. Hedge funds and other 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.