LSB Industries (NYSE:LXU) Trading Down 4% – Here’s What Happened

LSB Industries, Inc. (NYSE:LXU)’s share price fell 4% during mid-day trading on Friday . The company traded as low as $8.78 and last traded at $8.79. 71,221 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 391,639 shares. The stock had previously closed at $9.15.

Wall Street Analyst Weigh In

LXU has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price objective on shares of LSB Industries in a research report on Monday, November 4th. Piper Sandler upgraded LSB Industries from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $9.00 to $11.00 in a research report on Monday, January 13th. Finally, UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.50 to $11.00 in a research report on Thursday, October 10th.

LSB Industries Price Performance

The business’s 50 day simple moving average is $8.40 and its 200-day simple moving average is $8.28. The stock has a market capitalization of $630.26 million, a price-to-earnings ratio of -41.90, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

LSB Industries (NYSE:LXU) last issued its quarterly earnings data on Tuesday, October 29th. The conglomerate reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The business had revenue of $109.22 million during the quarter, compared to the consensus estimate of $87.19 million. LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. During the same period last year, the company earned ($0.08) earnings per share. Research analysts anticipate that LSB Industries, Inc. will post 0.02 earnings per share for the current year.

Hedge Funds Weigh In On LSB Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ausbil Investment Management Ltd acquired a new position in shares of LSB Industries during the 4th quarter valued at $313,000. SG Americas Securities LLC grew its holdings in LSB Industries by 20.0% during the fourth quarter. SG Americas Securities LLC now owns 22,589 shares of the conglomerate’s stock worth $171,000 after acquiring an additional 3,763 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in LSB Industries in the fourth quarter worth about $113,000. FNY Investment Advisers LLC acquired a new stake in LSB Industries in the 4th quarter valued at about $54,000. Finally, JPMorgan Chase & Co. boosted its position in shares of LSB Industries by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 138,084 shares of the conglomerate’s stock valued at $1,110,000 after purchasing an additional 21,801 shares in the last quarter. Institutional investors own 73.67% of the company’s stock.

About LSB Industries

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.