LSB Industries (LXU) Downgraded by ValuEngine

LSB Industries (NYSE:LXU) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

NYSE LXU traded down $0.28 during trading hours on Thursday, reaching $4.00. The stock had a trading volume of 203,500 shares, compared to its average volume of 89,017. LSB Industries has a 52-week low of $3.93 and a 52-week high of $10.00. The company has a current ratio of 1.34, a quick ratio of 1.03 and a debt-to-equity ratio of 1.29.

LSB Industries (NYSE:LXU) last released its quarterly earnings data on Tuesday, February 26th. The conglomerate reported ($0.75) EPS for the quarter. LSB Industries had a negative return on equity of 22.24% and a negative net margin of 21.02%. The company had revenue of $94.73 million during the quarter.

A number of institutional investors have recently added to or reduced their stakes in LXU. Security Benefit Life Insurance Co. KS purchased a new stake in LSB Industries in the 4th quarter worth approximately $22,422,000. Dimensional Fund Advisors LP boosted its position in LSB Industries by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,795,666 shares of the conglomerate’s stock worth $11,205,000 after purchasing an additional 137,822 shares in the last quarter. Royce & Associates LP boosted its position in LSB Industries by 29.5% in the 4th quarter. Royce & Associates LP now owns 483,199 shares of the conglomerate’s stock worth $2,667,000 after purchasing an additional 110,000 shares in the last quarter. Renaissance Technologies LLC boosted its position in LSB Industries by 59.2% in the 1st quarter. Renaissance Technologies LLC now owns 279,699 shares of the conglomerate’s stock worth $1,745,000 after purchasing an additional 104,000 shares in the last quarter. Finally, BlackRock Inc. boosted its position in LSB Industries by 3.2% in the 4th quarter. BlackRock Inc. now owns 2,971,546 shares of the conglomerate’s stock worth $16,402,000 after purchasing an additional 91,432 shares in the last quarter. Institutional investors and hedge funds own 73.17% of the company’s stock.

LSB Industries Company Profile

LSB Industries, Inc manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. It provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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