LSB Industries (NYSE:LXU) Shares Gap Up to $8.15

LSB Industries, Inc. (NYSE:LXU)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $8.15, but opened at $8.37. LSB Industries shares last traded at $8.30, with a volume of 3,285 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LXU. UBS Group reduced their price objective on LSB Industries from $9.00 to $7.75 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft upped their price target on LSB Industries from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Piper Sandler raised their price objective on LSB Industries from $8.00 to $9.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.69.

LSB Industries Stock Performance

The company has a market cap of $592.35 million, a PE ratio of 34.63, a PEG ratio of 1.82 and a beta of 0.91. The company has a current ratio of 3.64, a quick ratio of 3.44 and a debt-to-equity ratio of 1.05. The business’s 50 day moving average is $8.85 and its two-hundred day moving average is $8.44.

LSB Industries (NYSE:LXU) last posted its quarterly earnings results on Monday, April 29th. The conglomerate reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $138.20 million for the quarter, compared to analysts’ expectations of $120.64 million. LSB Industries had a return on equity of 2.70% and a net margin of 3.20%. On average, equities research analysts anticipate that LSB Industries, Inc. will post 0.28 EPS for the current year.

Insider Buying and Selling

In other news, EVP John Burns sold 33,243 shares of LSB Industries stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $9.25, for a total transaction of $307,497.75. Following the sale, the executive vice president now owns 131,286 shares in the company, valued at $1,214,395.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Strs Ohio raised its stake in LSB Industries by 79.3% during the fourth quarter. Strs Ohio now owns 5,200 shares of the conglomerate’s stock valued at $48,000 after purchasing an additional 2,300 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in LSB Industries during the first quarter valued at approximately $97,000. Tower Research Capital LLC TRC lifted its stake in shares of LSB Industries by 1,207.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,489 shares of the conglomerate’s stock valued at $98,000 after purchasing an additional 9,687 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of LSB Industries by 154.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,657 shares of the conglomerate’s stock worth $109,000 after purchasing an additional 7,074 shares during the period. Finally, Teza Capital Management LLC purchased a new position in shares of LSB Industries in the 3rd quarter worth approximately $119,000. 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.