Lsb Industries (NYSE:LXU) Stock Price Down 5% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Lsb Industries Price Performance

The stock has a market capitalization of $753.91 million, a PE ratio of 20.99 and a beta of 0.31. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. The stock’s 50 day moving average price is $10.87 and its 200-day moving average price is $12.47.

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

Hedge Funds Weigh In On Lsb Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC grew its stake in Lsb Industries by 339.6% during the 2nd quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate’s stock worth $3,763,000 after purchasing an additional 268,939 shares in the last quarter. Arizona State Retirement System purchased a new position in Lsb Industries during the 2nd quarter worth approximately $166,000. AXQ Capital LP increased its stake in Lsb Industries by 4.8% in the second quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate’s stock valued at $505,000 after purchasing an additional 2,144 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Lsb Industries by 156.4% in the second 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 purchasing an additional 16,714 shares during the period. Finally, Beacon Pointe Advisors LLC purchased a new position in Lsb Industries during the second quarter worth about $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.