Lsb Industries (NYSE:LXU) Stock Price Up 5.2% – Here’s What Happened

Lsb Industries Inc. (NYSE:LXU) rose 5.2% during trading on Monday. The company traded as high as $10.17 and last traded at $10.40. 62,885 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,023,672 shares. The stock had previously closed at $9.89.

Wall Street Analysts Forecast Growth

LXU has been the topic of several analyst reports. set a $13.00 target price on Lsb Industries and gave the company an “outperform” rating in a research note on Monday, October 5th. Wall Street Zen cut Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Royal Bank Of Canada upgraded Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research report on Monday, August 10th. Finally, Weiss Ratings raised Lsb Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.67.

Lsb Industries Price Performance

The company’s 50 day simple moving average is $10.55 and its 200 day simple moving average is $11.71. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.43 and a quick ratio of 2.31. The stock has a market cap of $753.12 million, a P/E ratio of 21.02 and a beta of 0.44.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share 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 firm had revenue of $168.09 million for the quarter, compared to the consensus estimate of $155.45 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Lsb Industries in the second quarter valued at about $50,802,000. Dimensional Fund Advisors LP increased its holdings in shares of Lsb Industries by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate’s stock worth $36,241,000 after acquiring an additional 57,999 shares in the last quarter. Robotti Robert acquired a new stake in shares of Lsb Industries during the second quarter worth about $22,914,000. Renaissance Technologies LLC raised its position in shares of Lsb Industries by 2.7% during the first quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock worth $26,708,000 after purchasing an additional 46,613 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lsb Industries during the first quarter worth about $11,458,000. 73.67% of the stock is currently owned by institutional investors.

About Lsb Industries

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.