Lsb Industries (NYSE:LXU) Shares Climb 4.3% – Still a Buy?

Lsb Industries Inc. (NYSE:LXU)’s stock price rose 4.3% during mid-day trading on Tuesday. The company traded as high as $10.21 and last traded at $10.2360. Approximately 51,128 shares traded hands during trading, a decline of 95% from the average daily volume of 1,027,351 shares. The stock had previously closed at $9.81.

Analyst Ratings Changes

LXU has been the topic of a number of research reports. set a $13.00 price objective on shares of Lsb Industries and gave the stock an “outperform” rating in a research report on Monday, October 5th. Weiss Ratings downgraded shares of Lsb Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Royal Bank Of Canada upgraded shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Monday, August 10th. Finally, Wall Street Zen cut shares of Lsb Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.67.

Lsb Industries Trading Up 4.4%

The stock has a market cap of $737.21 million, a price-to-earnings ratio of 20.47 and a beta of 0.44. 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 business’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $12.04.

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

Institutional Trading of Lsb Industries

Several hedge funds have recently added to or reduced their stakes in LXU. Squarepoint Ops LLC lifted its holdings in shares of Lsb Industries by 339.6% during the second quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate’s stock worth $3,763,000 after buying an additional 268,939 shares in the last quarter. Arizona State Retirement System acquired a new position in shares of Lsb Industries in the second quarter valued at about $166,000. AXQ Capital LP grew its stake in shares of 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 acquiring an additional 2,144 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 acquiring an additional 16,714 shares in the last quarter. Finally, Beacon Pointe Advisors LLC bought a new position in Lsb Industries during the second quarter worth about $252,000. 73.67% of the stock is owned by institutional investors and hedge funds.

Lsb Industries Company Profile

LSB Industries, Inc (NYSE:LXU) is a U.S.-based manufacturer of nitrogen-based chemical products. The company serves agricultural, industrial and mining customers, producing and selling products such as ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid.

Through its Agricultural Products business, LSB supplies nitrogen fertilizers used by farmers and agricultural distributors. Its Industrial Products business provides ammonia, sulfuric acid, nitric acid, carbon dioxide and related chemical products used in manufacturing, mining, explosives and other industrial applications.

Founded in 1969 and headquartered in Oklahoma City, Oklahoma, LSB Industries operates production facilities in the United States, including sites in Alabama, Arkansas and Oklahoma.