Lsb Industries (NYSE:LXU) Stock Price Breaks Above Fifty Day Moving Average – Should You Sell?

Lsb Industries Inc. (NYSE:LXU) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $10.57 and traded as high as $10.61. Lsb Industries shares last traded at $10.5720, with a volume of 1,007,188 shares.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen downgraded Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. set a $13.00 target price on Lsb Industries and gave the stock an “outperform” rating in a research report on Monday, October 5th. Royal Bank Of Canada upgraded Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a research note on Monday, August 10th. Freedom Broker began coverage on Lsb Industries in a research note on Tuesday, October 27th. They issued a “hold” rating and a $9.50 target price on the stock. Finally, UBS Group boosted their price target on shares of Lsb Industries from $12.00 to $12.50 and gave the company a “neutral” rating in a report on Tuesday, November 3rd. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Lsb Industries currently has an average rating of “Hold” and a consensus price target of $12.50.

Lsb Industries Price Performance

The firm has a market capitalization of $761.18 million, a P/E ratio of 17.05 and a beta of 0.36. The business has a fifty day moving average of $10.57 and a 200-day moving average of $11.76. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.83 and a current ratio of 3.01.

Lsb Industries (NYSE:LXU) last posted its earnings results on Wednesday, October 28th. The conglomerate reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. The firm had revenue of $158.60 million for the quarter, compared to analysts’ expectations of $160.18 million. Lsb Industries had a return on equity of 8.51% and a net margin of 6.95%.

Hedge Funds Weigh In On Lsb Industries

Several large investors have recently bought and sold shares of LXU. Diversified Trust Co boosted its position in shares of Lsb Industries by 9.1% during the 3rd quarter. Diversified Trust Co now owns 14,741 shares of the conglomerate’s stock valued at $144,000 after purchasing an additional 1,230 shares in the last quarter. Allworth Financial LP grew its stake in shares of Lsb Industries by 4,225.4% in the 3rd quarter. Allworth Financial LP now owns 6,142 shares of the conglomerate’s stock worth $66,000 after purchasing an additional 6,000 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Lsb Industries by 12.7% in the 3rd quarter. Fifth Third Bancorp now owns 41,391 shares of the conglomerate’s stock worth $404,000 after purchasing an additional 4,652 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Lsb Industries by 7.4% in the 3rd quarter. Sterling Capital Management LLC now owns 26,286 shares of the conglomerate’s stock worth $257,000 after purchasing an additional 1,816 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in shares of Lsb Industries by 12.0% in the 3rd quarter. CWA Asset Management Group LLC now owns 147,732 shares of the conglomerate’s stock worth $1,443,000 after purchasing an additional 15,781 shares in the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

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.