Lsb Industries (NYSE:LXU) Stock Price Down 4% – Time to Sell?

Shares of Lsb Industries Inc. (NYSE:LXU) dropped 4% on Thursday . The company traded as low as $9.13 and last traded at $9.2250. Approximately 83,808 shares changed hands during trading, a decline of 81% from the average daily volume of 438,744 shares. The stock had previously closed at $9.61.

Wall Street Analysts Forecast Growth

LXU has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday. Wall Street Zen upgraded shares of Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Royal Bank Of Canada lifted their price objective on shares of Lsb Industries from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. Finally, UBS Group reaffirmed a “neutral” rating and set a $9.50 price objective (up from $9.25) on shares of Lsb Industries in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lsb Industries currently has a consensus rating of “Hold” and a consensus price target of $9.83.

Lsb Industries Trading Down 3.7%

The business’s 50-day moving average price is $8.81 and its 200-day moving average price is $8.29. The firm has a market capitalization of $665.45 million, a PE ratio of -925.00 and a beta of 0.81. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. The firm had revenue of $155.43 million during the quarter, compared to analysts’ expectations of $138.30 million. As a group, analysts expect that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Lsb Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in LXU. American Century Companies Inc. lifted its stake in shares of Lsb Industries by 5.8% in the third quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock valued at $15,688,000 after purchasing an additional 109,944 shares during the period. Systematic Financial Management LP increased its holdings in Lsb Industries by 1.8% in the second quarter. Systematic Financial Management LP now owns 1,817,498 shares of the conglomerate’s stock valued at $14,176,000 after buying an additional 32,373 shares in the last quarter. Geode Capital Management LLC increased its holdings in Lsb Industries by 1.1% in the second quarter. Geode Capital Management LLC now owns 1,261,020 shares of the conglomerate’s stock valued at $9,838,000 after buying an additional 14,313 shares in the last quarter. CenterBook Partners LP lifted its position in shares of Lsb Industries by 264.4% during the 1st quarter. CenterBook Partners LP now owns 629,845 shares of the conglomerate’s stock valued at $4,151,000 after acquiring an additional 457,009 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Lsb Industries by 20.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 572,409 shares of the conglomerate’s stock worth $3,772,000 after acquiring an additional 98,810 shares in the last quarter. 73.67% of the stock is owned by hedge funds and other institutional investors.

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.