Lsb Industries (NYSE:LXU) Stock Price Up 8.3% – Here’s Why

Shares of Lsb Industries Inc. (NYSE:LXU) traded up 8.3% during mid-day trading on Friday . The stock traded as high as $8.55 and last traded at $8.67. 109,797 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 434,876 shares. The stock had previously closed at $8.00.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group cut shares of Lsb Industries from a “buy” rating to a “neutral” rating and set a $9.25 target price on the stock. in a report on Wednesday, July 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Lsb Industries in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.75.

Lsb Industries Stock Up 12.5%

The company has a debt-to-equity ratio of 0.90, a current ratio of 2.64 and a quick ratio of 2.39. The firm has a market capitalization of $647.46 million, a P/E ratio of -19.57 and a beta of 0.70. The company’s 50-day simple moving average is $8.02 and its two-hundred day simple moving average is $7.44.

Lsb Industries (NYSE:LXU) last released its quarterly earnings results on Tuesday, July 29th. The conglomerate reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). Lsb Industries had a negative return on equity of 0.34% and a negative net margin of 6.15%.The business had revenue of $151.30 million during the quarter, compared to the consensus estimate of $156.76 million. As a group, research analysts expect that Lsb Industries Inc. will post -0.18 earnings per share for the current year.

Institutional Trading of Lsb Industries

Several institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised its position in shares of Lsb Industries by 5.9% during the 2nd quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock valued at $14,671,000 after purchasing an additional 104,355 shares during the period. Systematic Financial Management LP raised its position in shares of Lsb Industries by 1.8% during the 2nd quarter. Systematic Financial Management LP now owns 1,817,498 shares of the conglomerate’s stock valued at $14,176,000 after purchasing an additional 32,373 shares during the period. Geode Capital Management LLC raised its position in shares of Lsb Industries by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,261,020 shares of the conglomerate’s stock valued at $9,838,000 after purchasing an additional 14,313 shares during the period. CenterBook Partners LP raised its position in shares of Lsb Industries by 264.4% during the 1st quarter. CenterBook Partners LP now owns 629,845 shares of the conglomerate’s stock valued at $4,151,000 after purchasing an additional 457,009 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Lsb Industries by 20.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 572,409 shares of the conglomerate’s stock valued at $3,772,000 after purchasing an additional 98,810 shares during the period. 73.67% of the stock is currently owned by institutional investors.

Lsb Industries Company Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.