LSB Industries (NYSE:LXU) Shares Gap Up to $8.22

Shares of LSB Industries, Inc. (NYSE:LXU) gapped up prior to trading on Tuesday . The stock had previously closed at $8.22, but opened at $8.84. LSB Industries shares last traded at $9.41, with a volume of 323,270 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LXU shares. UBS Group dropped their price objective on shares of LSB Industries from $9.00 to $7.75 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Piper Sandler cut shares of LSB Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $11.50 to $8.00 in a research report on Thursday, February 29th.

LSB Industries Stock Up 18.0 %

The firm has a market cap of $708.10 million, a price-to-earnings ratio of 25.70 and a beta of 1.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.45 and a current ratio of 3.68. The business’s 50-day moving average is $7.94 and its 200-day moving average is $8.39.

LSB Industries (NYSE:LXU) last announced its earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The firm had revenue of $132.61 million for the quarter, compared to analyst estimates of $127.62 million. LSB Industries had a return on equity of 4.91% and a net margin of 4.70%. On average, equities analysts predict that LSB Industries, Inc. will post 0.27 EPS for the current year.

Insiders Place Their Bets

In other LSB Industries news, EVP John Burns sold 33,243 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $8.25, for a total transaction of $274,254.75. Following the sale, the executive vice president now owns 164,529 shares of the company’s stock, valued at approximately $1,357,364.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On LSB Industries

Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio grew its holdings in LSB Industries by 79.3% during the 4th quarter. Strs Ohio now owns 5,200 shares of the conglomerate’s stock worth $48,000 after acquiring an additional 2,300 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in LSB Industries by 1,207.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,489 shares of the conglomerate’s stock worth $98,000 after acquiring an additional 9,687 shares during the last quarter. Teza Capital Management LLC bought a new stake in LSB Industries during the 3rd quarter worth about $119,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of LSB Industries by 154.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,657 shares of the conglomerate’s stock valued at $109,000 after purchasing an additional 7,074 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of LSB Industries by 9.2% in the 3rd quarter. Arizona State Retirement System now owns 15,173 shares of the conglomerate’s stock valued at $155,000 after purchasing an additional 1,274 shares during the last quarter. Institutional investors own 73.67% of the company’s stock.

LSB Industries Company Profile

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.