Lsb Industries (NYSE:LXU) Shares Climb 4.3% – Here’s Why

Shares of Lsb Industries Inc. (NYSE:LXU) were up 4.3% on Tuesday. The stock traded as high as $10.21 and last traded at $10.2360. 51,128 shares traded hands during trading, a decline of 95% from the average daily volume of 1,027,351 shares. The stock had previously closed at $9.81.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LXU shares. Weiss Ratings cut Lsb Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd. Wall Street Zen lowered Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Royal Bank Of Canada upgraded Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research report on Monday, August 10th. Finally, set a $13.00 price target on Lsb Industries and gave the stock an “outperform” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.67.

Lsb Industries Stock Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43. The company has a market cap of $726.12 million, a price-to-earnings ratio of 20.17 and a beta of 0.44. The company has a fifty day moving average of $10.50 and a two-hundred day moving average of $11.96.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42). The business had revenue of $168.09 million during the quarter, compared to the consensus estimate of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. Equities research analysts anticipate that Lsb Industries Inc. will post 0.53 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LXU. Persistent Asset Partners Ltd purchased a new position in Lsb Industries in the second quarter valued at about $47,000. Cibc World Market Inc. bought a new position in shares of Lsb Industries during the 2nd quarter valued at approximately $140,000. PDT Partners LLC bought a new position in shares of Lsb Industries during the 2nd quarter valued at approximately $145,000. Arizona State Retirement System purchased a new stake in shares of Lsb Industries during the 2nd quarter worth approximately $166,000. Finally, MQS Management LLC purchased a new stake in shares of Lsb Industries during the 1st quarter worth approximately $172,000. 73.67% of the stock is owned by institutional investors.

About Lsb Industries

LSB Industries, Inc (NYSE:LXU) is a U.S.-based manufacturer of nitrogen-based chemical products. The company serves agricultural, industrial and mining customers, producing and selling products such as ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid.

Through its Agricultural Products business, LSB supplies nitrogen fertilizers used by farmers and agricultural distributors. Its Industrial Products business provides ammonia, sulfuric acid, nitric acid, carbon dioxide and related chemical products used in manufacturing, mining, explosives and other industrial applications.

Founded in 1969 and headquartered in Oklahoma City, Oklahoma, LSB Industries operates production facilities in the United States, including sites in Alabama, Arkansas and Oklahoma.