LSB Industries (NYSE:LXU) Shares Down 4% – Time to Sell?

LSB Industries, Inc. (NYSE:LXU) shares were down 4% on Friday . The company traded as low as $8.78 and last traded at $8.79. Approximately 71,221 shares changed hands during trading, a decline of 82% from the average daily volume of 391,639 shares. The stock had previously closed at $9.15.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler upgraded shares of LSB Industries from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $9.00 to $11.00 in a research note on Monday, January 13th. UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.50 to $11.00 in a report on Thursday, October 10th. Finally, 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, November 4th.

LSB Industries Stock Down 5.0 %

The business’s 50 day moving average is $8.42 and its 200 day moving average is $8.30. The company has a quick ratio of 2.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. The company has a market cap of $622.74 million, a P/E ratio of -41.40, a P/E/G ratio of 0.86 and a beta of 0.89.

LSB Industries (NYSE:LXU) last issued its quarterly earnings data on Tuesday, October 29th. The conglomerate reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. The company had revenue of $109.22 million for the quarter, compared to analysts’ expectations of $87.19 million. During the same quarter last year, the company earned ($0.08) earnings per share. As a group, equities analysts anticipate that LSB Industries, Inc. will post 0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in LSB Industries by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,364,562 shares of the conglomerate’s stock valued at $19,342,000 after acquiring an additional 37,419 shares in the last quarter. Systematic Financial Management LP grew its stake in LSB Industries by 11.0% during the 3rd quarter. Systematic Financial Management LP now owns 1,660,443 shares of the conglomerate’s stock worth $13,350,000 after buying an additional 164,166 shares during the last quarter. Cerity Partners LLC increased its position in LSB Industries by 132.2% during the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock valued at $11,000,000 after buying an additional 778,937 shares in the last quarter. State Street Corp raised its stake in LSB Industries by 0.6% in the third quarter. State Street Corp now owns 1,264,212 shares of the conglomerate’s stock valued at $10,164,000 after buying an additional 7,751 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in LSB Industries by 691.2% in the third quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock worth $7,272,000 after acquiring an additional 790,194 shares in the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

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.