Lsb Industries Inc. (LXU) Raised to “Sell” at ValuEngine
ValuEngine upgraded shares of Lsb Industries Inc. (NYSE:LXU) from a strong sell rating to a sell rating in a research note released on Friday morning.
Separately, Zacks Investment Research raised shares of Lsb Industries from a sell rating to a hold rating in a research note on Tuesday, June 6th.
Shares of Lsb Industries (LXU) opened at 6.10 on Friday. The stock has a market capitalization of $173.27 million, a P/E ratio of 2.94 and a beta of 4.52. The stock’s 50 day moving average is $6.85 and its 200-day moving average is $8.82. Lsb Industries has a one year low of $4.52 and a one year high of $11.71.
Lsb Industries (NYSE:LXU) last posted its quarterly earnings data on Tuesday, July 25th. The conglomerate reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by $0.26. Lsb Industries had a net margin of 24.04% and a negative return on equity of 1.11%. The firm had revenue of $122.90 million for the quarter, compared to analysts’ expectations of $138.21 million. During the same period in the prior year, the company posted ($0.73) earnings per share. Lsb Industries’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Lsb Industries will post ($2.57) EPS for the current year.
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A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its stake in Lsb Industries by 12.6% during the second quarter. The Manufacturers Life Insurance Company now owns 18,703 shares of the conglomerate’s stock valued at $194,000 after buying an additional 2,090 shares in the last quarter. State Street Corp lifted its stake in Lsb Industries by 2.9% during the second quarter. State Street Corp now owns 454,088 shares of the conglomerate’s stock valued at $4,685,000 after buying an additional 12,920 shares in the last quarter. Royal Bank of Canada lifted its stake in Lsb Industries by 30.7% during the second quarter. Royal Bank of Canada now owns 20,192 shares of the conglomerate’s stock valued at $209,000 after buying an additional 4,739 shares in the last quarter. Voya Investment Management LLC purchased a new stake in Lsb Industries during the second quarter valued at about $115,000. Finally, Parametric Portfolio Associates LLC lifted its stake in Lsb Industries by 6.6% during the second quarter. Parametric Portfolio Associates LLC now owns 590,880 shares of the conglomerate’s stock valued at $6,104,000 after buying an additional 36,444 shares in the last quarter. 70.22% of the stock is owned by institutional investors.
Lsb Industries Company Profile
LSB Industries, Inc is a holding company. The Company, through its subsidiaries, is engaged in the manufacture and sale of chemical products. The Company operates through chemical business segment. It is a manufacturer and distributor of nitrogen fertilizer and other nitrogen products in North America.
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