Lsb Industries (NYSE:LXU) Reaches New 1-Year High - Should You Buy?

Key Points

• Lsb Industries has reached a new 52-week high with its stock trading at $9.50, closing at $9.39, signaling a significant market interest.
• Wall Street analysts provide mixed ratings for the stock, with a consensus rating of "Hold" and an average price target of $9.75.
• The company reported disappointing earnings, missing estimates with $0.04 EPS against a consensus of $0.18 and revenue of $151.30 million versus expected $156.76 million.

Lsb Industries Inc. (NYSE:LXU - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $9.50 and last traded at $9.39, with a volume of 252397 shares. The stock had previously closed at $8.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Lsb Industries in a research note on Wednesday, October 8th. UBS Group downgraded shares of Lsb Industries from a "buy" rating to a "neutral" rating and set a $9.25 price target for the company. in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $9.75.

Lsb Industries Trading Up 7.3%

The firm has a market capitalization of $675.16 million, a PE ratio of -20.40 and a beta of 0.70. The firm's fifty day moving average is $8.27 and its two-hundred day moving average is $7.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.64 and a quick ratio of 2.39.

Lsb Industries (NYSE:LXU - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The conglomerate reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). Lsb Industries had a negative return on equity of 0.34% and a negative net margin of 6.15%.The firm had revenue of $151.30 million for the quarter, compared to analysts' expectations of $156.76 million. On average, equities analysts predict that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Institutional Trading of Lsb Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of LXU. CenterBook Partners LP increased its holdings in shares of Lsb Industries by 264.4% in the 1st quarter. CenterBook Partners LP now owns 629,845 shares of the conglomerate's stock worth $4,151,000 after buying an additional 457,009 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of Lsb Industries in the 2nd quarter worth $2,412,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Lsb Industries in the 2nd quarter worth $1,694,000. Nuveen LLC purchased a new stake in shares of Lsb Industries in the 1st quarter valued at $1,226,000. Finally, American Century Companies Inc. boosted its stake in shares of Lsb Industries by 9.6% in the 1st quarter. American Century Companies Inc. now owns 1,776,513 shares of the conglomerate's stock valued at $11,707,000 after purchasing an additional 155,477 shares in the last quarter. 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.

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