Lsb Industries (NYSE:LXU) Stock Price Down 5.5% – Here’s Why

Lsb Industries Inc. (NYSE:LXU) was down 5.5% during mid-day trading on Tuesday . The company traded as low as $14.92 and last traded at $14.9050. Approximately 1,170,476 shares traded hands during trading, a decline of 1% from the average daily volume of 1,184,565 shares. The stock had previously closed at $15.78.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Zacks Research downgraded Lsb Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Jefferies Financial Group lifted their target price on Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, March 12th. UBS Group boosted their target price on Lsb Industries from $9.75 to $16.50 and gave the company a “neutral” rating in a report on Thursday, March 26th. Weiss Ratings raised Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of Lsb Industries from a “hold” rating to a “buy” rating in a research report on Sunday. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.83.

Lsb Industries Stock Performance

The company has a debt-to-equity ratio of 0.85, a current ratio of 2.78 and a quick ratio of 2.61. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 44.05 and a beta of 0.66. The stock’s 50-day moving average is $11.76 and its 200 day moving average is $9.83.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, February 25th. The conglomerate reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The company had revenue of $165.05 million for the quarter, compared to analysts’ expectations of $153.88 million. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%. As a group, analysts predict that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity at Lsb Industries

In other Lsb Industries news, Director Barry H. Golsen sold 17,813 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $10.04, for a total value of $178,842.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cheryl Maguire sold 7,551 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total transaction of $75,510.00. Following the sale, the chief financial officer owned 200,719 shares in the company, valued at $2,007,190. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 387,113 shares of company stock worth $3,731,647 over the last three months. 4.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Lsb Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new stake in Lsb Industries during the fourth quarter worth about $29,000. Russell Investments Group Ltd. lifted its position in shares of Lsb Industries by 2,900.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 4,350 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Lsb Industries during the 3rd quarter worth approximately $42,000. Tower Research Capital LLC TRC boosted its stake 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 acquiring an additional 2,856 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Lsb Industries in 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.