LSB Industries (NYSE:LXU) Trading Down 4%

LSB Industries, Inc. (NYSE:LXU)’s share price was down 4% on Thursday . The company traded as low as $8.13 and last traded at $8.14. Approximately 89,677 shares were traded during trading, a decline of 81% from the average daily volume of 482,511 shares. The stock had previously closed at $8.48.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LXU shares. Piper Sandler cut shares of LSB Industries from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $11.50 to $8.00 in a research report on Thursday, February 29th. UBS Group cut their price objective on shares of LSB Industries from $9.00 to $7.75 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, LSB Industries currently has a consensus rating of “Hold” and a consensus target price of $11.96.

LSB Industries Trading Down 1.4 %

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 price is $7.88 and its 200-day moving average price is $8.56. The firm has a market cap of $595.68 million, a price-to-earnings ratio of 22.05 and a beta of 1.10.

LSB Industries (NYSE:LXU) last posted its earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). LSB Industries had a return on equity of 4.91% and a net margin of 4.70%. The firm had revenue of $132.61 million during the quarter, compared to the consensus estimate of $127.62 million. Equities analysts expect that LSB Industries, Inc. will post 0.38 EPS for the current year.

Insiders Place Their Bets

In related news, EVP John Burns sold 33,243 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $8.25, for a total value of $274,254.75. Following the completion of the sale, the executive vice president now owns 164,529 shares in the company, 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. 4.60% of the stock is owned by insiders.

Institutional Investors Weigh In On LSB Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG lifted its position in LSB Industries by 9.7% in the 3rd quarter. UBS Group AG now owns 512,353 shares of the conglomerate’s stock worth $5,241,000 after buying an additional 45,242 shares in the last quarter. Swiss National Bank lifted its position in LSB Industries by 8.7% in the 3rd quarter. Swiss National Bank now owns 117,100 shares of the conglomerate’s stock worth $1,198,000 after buying an additional 9,400 shares in the last quarter. Victory Capital Management Inc. lifted its position in LSB Industries by 14.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,802,145 shares of the conglomerate’s stock worth $18,436,000 after buying an additional 221,743 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of LSB Industries by 19.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 42,566 shares of the conglomerate’s stock worth $396,000 after purchasing an additional 6,859 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of LSB Industries by 7.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,477,262 shares of the conglomerate’s stock worth $35,572,000 after purchasing an additional 238,294 shares during the last quarter. Hedge funds and other 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.