LSB Industries (NYSE:LXU) Shares Down 4% – What’s Next?

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LXU shares. Royal Bank of Canada reissued an “outperform” rating and set a $10.00 price target on shares of LSB Industries in a research report on Monday, November 4th. UBS Group raised shares of LSB Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.50 to $11.00 in a report on Thursday, October 10th. Finally, Piper Sandler raised LSB Industries from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $9.00 to $11.00 in a report on Monday, January 13th.

LSB Industries Price Performance

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

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LXU. FNY Investment Advisers LLC purchased a new stake in LSB Industries in the 4th quarter worth $54,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of LSB Industries during the third quarter worth about $93,000. Intech Investment Management LLC acquired a new position in shares of LSB Industries during the 3rd quarter worth about $93,000. Private Advisor Group LLC lifted its stake in LSB Industries by 14.1% in the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock valued at $102,000 after buying an additional 1,563 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in LSB Industries in the 3rd quarter worth about $103,000. 73.67% of the stock is owned by institutional investors and hedge funds.

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.