Lsb Industries (NYSE:LXU) Stock Price Down 3.6% – Time to Sell?

Lsb Industries Inc. (NYSE:LXU) shares fell 3.6% during mid-day trading on Monday . The stock traded as low as $11.60 and last traded at $11.80. Approximately 73,147 shares traded hands during trading, a decline of 93% from the average daily volume of 1,113,401 shares. The stock had previously closed at $12.24.

Analyst Ratings Changes

LXU has been the subject of several recent research reports. UBS Group set a $16.00 price target on shares of Lsb Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lsb Industries in a research report on Tuesday, July 21st. Wall Street Zen lowered shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Royal Bank Of Canada decreased their target price on shares of Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, July 17th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.67.

Lsb Industries Stock Down 5.9%

The firm has a 50 day simple moving average of $11.83 and a two-hundred day simple moving average of $12.24. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.85 and a current ratio of 3.07. The stock has a market cap of $828.68 million, a P/E ratio of 18.26 and a beta of 0.34.

Lsb Industries (NYSE:LXU) last released its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.14. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%.The company had revenue of $169.49 million during the quarter, compared to analysts’ expectations of $166.19 million. Equities research analysts predict that Lsb Industries Inc. will post 0.53 earnings per share for the current year.

Insider Activity

In other Lsb Industries news, SVP Kristy Carver sold 9,554 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $12.38, for a total transaction of $118,278.52. Following the transaction, the senior vice president owned 47,452 shares of the company’s stock, valued at approximately $587,455.76. This trade represents a 16.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn F. White sold 40,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total transaction of $472,000.00. Following the sale, the director owned 202,489 shares in the company, valued at $2,389,370.20. This trade represents a 16.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Lsb Industries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate’s stock valued at $36,241,000 after acquiring an additional 57,999 shares during the period. Gendell Jeffrey L increased its position in shares of Lsb Industries by 3.7% during the 4th quarter. Gendell Jeffrey L now owns 2,134,130 shares of the conglomerate’s stock valued at $18,140,000 after purchasing an additional 75,323 shares during the period. Renaissance Technologies LLC increased its position in shares of Lsb Industries by 2.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock valued at $26,708,000 after purchasing an additional 46,613 shares during the period. Geode Capital Management LLC raised its stake in shares of Lsb Industries by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,280,864 shares of the conglomerate’s stock worth $10,890,000 after buying an additional 14,125 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Lsb Industries by 12.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,757 shares of the conglomerate’s stock worth $8,209,000 after buying an additional 109,603 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors.

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.