Lsb Industries (NYSE:LXU) Shares Down 3.9% – Time to Sell?

Lsb Industries Inc. (NYSE:LXU) shares traded down 3.9% on Tuesday. The stock traded as low as $10.20 and last traded at $10.0750. Approximately 96,911 shares traded hands during trading, a decline of 91% from the average session volume of 1,027,208 shares. The stock had previously closed at $10.48.

Analyst Upgrades and Downgrades

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

Lsb Industries Stock Performance

The company has a market capitalization of $743.38 million, a price-to-earnings ratio of 20.65 and a beta of 0.44. 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 50 day simple moving average of $10.56 and a two-hundred day simple moving average of $11.78.

Lsb Industries (NYSE:LXU) last posted its earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.42). Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%. The business had revenue of $168.09 million for the quarter, compared to analysts’ expectations of $155.45 million.

Hedge Funds Weigh In On Lsb Industries

A number of hedge funds have recently modified their holdings of LXU. AXQ Capital LP boosted its stake in shares of Lsb Industries by 4.8% during the second quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate’s stock worth $505,000 after buying an additional 2,144 shares during the period. Persistent Asset Partners Ltd purchased a new stake in shares of Lsb Industries in the second quarter valued at about $47,000. Quantinno Capital Management LP raised its holdings in Lsb Industries by 12.5% during the first quarter. Quantinno Capital Management LP now owns 50,061 shares of the conglomerate’s stock worth $746,000 after purchasing an additional 5,578 shares in the last quarter. MQS Management LLC purchased a new position in shares of Lsb Industries during the 1st quarter worth approximately $172,000. Finally, Cibc World Market Inc. purchased a new stake in shares of Lsb Industries in the second quarter valued at approximately $140,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Lsb Industries Company Profile

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.