Lsb Industries (NYSE:LXU) Stock Price Down 6.7% – Should You Sell?

Lsb Industries Inc. (NYSE:LXU)’s share price fell 6.7% on Monday . The stock traded as low as $10.10 and last traded at $10.1550. 128,543 shares changed hands during trading, a decline of 88% from the average session volume of 1,108,817 shares. The stock had previously closed at $10.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LXU shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lsb Industries in a research note on Tuesday, July 21st. Wall Street Zen cut shares of Lsb Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada decreased their price target on shares of Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, July 17th. Finally, UBS Group set a $16.00 price objective on shares of Lsb Industries and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.67.

Lsb Industries Price Performance

The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. The firm has a market cap of $720.83 million, a P/E ratio of 20.02 and a beta of 0.34. The company has a fifty day moving average price of $11.62 and a two-hundred day moving average price of $12.31.

Lsb Industries (NYSE:LXU) last posted its earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (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 business had revenue of $168.09 million for the quarter, compared to the consensus estimate of $155.45 million. Equities analysts anticipate that Lsb Industries Inc. will post 0.53 earnings per share for the current year.

Insider Activity at Lsb Industries

In related news, SVP Kristy Carver sold 9,554 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.38, for a total transaction of $118,278.52. Following the sale, the senior vice president directly owned 47,452 shares in the company, valued at $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lynn F. White sold 40,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total transaction of $472,000.00. Following the completion of the sale, the director directly owned 202,489 shares in the company, valued at $2,389,370.20. This represents a 16.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Lsb Industries

Several hedge funds and other institutional investors have recently modified their holdings of the company. Krilogy Financial LLC boosted its position in shares of Lsb Industries by 48.6% during the fourth quarter. Krilogy Financial LLC now owns 308,343 shares of the conglomerate’s stock worth $2,621,000 after buying an additional 100,800 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Lsb Industries in the 1st quarter valued at approximately $11,458,000. JPMorgan Chase & Co. raised its position in Lsb Industries by 104.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock valued at $2,881,000 after buying an additional 187,108 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Lsb Industries in the 1st quarter valued at approximately $4,416,000. Finally, Renaissance Technologies LLC lifted its stake in Lsb Industries by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock valued at $26,708,000 after acquiring an additional 46,613 shares in the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

About Lsb Industries

LSB Industries, Inc (NYSE: LXU) is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.

Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.