Lsb Industries (NYSE:LXU) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Lsb Industries Inc. (NYSE:LXU) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.53 and traded as high as $13.25. Lsb Industries shares last traded at $13.0570, with a volume of 591,347 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LXU. Royal Bank Of Canada reissued a “sector perform” rating and set a $15.00 price objective (up from $14.00) on shares of Lsb Industries in a report on Monday, May 11th. Jefferies Financial Group increased their price objective on Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, March 12th. Weiss Ratings raised Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. Wall Street Zen raised Lsb Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, April 6th. Finally, UBS Group set a $16.00 price objective on Lsb Industries and gave the company a “neutral” rating in a report on Wednesday, May 13th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.33.

Lsb Industries Price Performance

The stock has a market cap of $919.75 million, a price-to-earnings ratio of 20.29 and a beta of 0.31. The stock has a fifty day simple moving average of $14.30 and a 200-day simple moving average of $11.57. The company has a current ratio of 3.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.81.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.14. The firm had revenue of $169.49 million for the quarter, compared to analyst estimates of $166.19 million. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%. As a group, equities research analysts expect that Lsb Industries Inc. will post 0.53 EPS for the current year.

Institutional Trading of Lsb Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LXU. Kestra Advisory Services LLC acquired a new stake in Lsb Industries in the 4th quarter valued at approximately $29,000. Russell Investments Group Ltd. grew its holdings in Lsb Industries by 2,900.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after buying an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Lsb Industries in the 3rd quarter valued at approximately $42,000. Tower Research Capital LLC TRC grew its holdings in shares of Lsb Industries by 90.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 2,856 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Lsb Industries during the 3rd quarter worth approximately $94,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Lsb Industries Company Profile

LSB Industries, Inc (NYSE: LXU) is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.

Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.