LSB Industries, Inc. (NYSE:LXU) Short Interest Update

LSB Industries, Inc. (NYSE:LXU) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 2,230,000 shares, a growth of 13.2% from the July 31st total of 1,970,000 shares. Based on an average daily volume of 327,700 shares, the short-interest ratio is currently 6.8 days.

LSB Industries Price Performance

Shares of NYSE LXU traded down $0.03 during midday trading on Monday, reaching $7.93. The company’s stock had a trading volume of 170,800 shares, compared to its average volume of 402,415. LSB Industries has a one year low of $6.74 and a one year high of $10.83. The company has a 50 day moving average price of $8.13 and a 200 day moving average price of $8.31. The company has a current ratio of 3.41, a quick ratio of 3.19 and a debt-to-equity ratio of 0.92. The company has a market cap of $567.34 million, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 2.18 and a beta of 0.85.

LSB Industries (NYSE:LXU) last released its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. LSB Industries had a net margin of 0.40% and a return on equity of 1.29%. The business had revenue of $140.07 million for the quarter, compared to analyst estimates of $147.09 million. On average, equities research analysts expect that LSB Industries will post 0.23 EPS for the current year.

Institutional Investors Weigh In On LSB Industries

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in LSB Industries by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,525,077 shares of the conglomerate’s stock worth $23,509,000 after acquiring an additional 18,965 shares in the last quarter. Gendell Jeffrey L boosted its holdings in shares of LSB Industries by 22.9% during the 1st quarter. Gendell Jeffrey L now owns 2,450,496 shares of the conglomerate’s stock worth $21,515,000 after buying an additional 457,139 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of LSB Industries by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,816,865 shares of the conglomerate’s stock worth $14,862,000 after buying an additional 25,713 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of LSB Industries by 34.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,463,395 shares of the conglomerate’s stock worth $11,971,000 after buying an additional 372,500 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of LSB Industries by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock worth $10,740,000 after buying an additional 135,087 shares during the period. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analysts Set New Price Targets

LXU has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of LSB Industries from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Piper Sandler boosted their target price on shares of LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 target price on shares of LSB Industries in a report on Monday, August 12th. Finally, UBS Group dropped their target price on shares of LSB Industries from $9.25 to $8.75 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.69.

About LSB Industries

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.