Lsb Industries (NYSE:LXU) Shares Gap Down - Here's Why

Shares of Lsb Industries Inc. (NYSE:LXU - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $8.59, but opened at $8.20. Lsb Industries shares last traded at $8.65, with a volume of 41,079 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group downgraded Lsb Industries from a "buy" rating to a "neutral" rating and set a $9.25 target price on the stock. in a research note on Wednesday. Wall Street Zen upgraded Lsb Industries from a "sell" rating to a "hold" rating in a research note on Saturday, May 31st. Finally, Piper Sandler set a $10.00 target price on Lsb Industries in a research note on Thursday, March 27th.

Lsb Industries Trading Down 1.1%

The company has a 50 day moving average of $8.00 and a two-hundred day moving average of $7.42. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.29 and a current ratio of 2.51. The stock has a market cap of $605.01 million, a PE ratio of -22.73, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21.

Lsb Industries (NYSE:LXU - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). Lsb Industries had a negative net margin of 5.04% and a positive return on equity of 0.97%. The company had revenue of $143.43 million during the quarter, compared to analysts' expectations of $139.79 million. Sell-side analysts anticipate that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lsb Industries

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Lsb Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,089,060 shares of the conglomerate's stock worth $23,446,000 after buying an additional 12,345 shares during the period. Systematic Financial Management LP boosted its stake in shares of Lsb Industries by 1.3% during the first quarter. Systematic Financial Management LP now owns 1,785,125 shares of the conglomerate's stock worth $11,764,000 after buying an additional 22,655 shares during the period. American Century Companies Inc. boosted its stake in shares of Lsb Industries by 9.6% during the first quarter. American Century Companies Inc. now owns 1,776,513 shares of the conglomerate's stock worth $11,707,000 after buying an additional 155,477 shares during the period. Geode Capital Management LLC boosted its stake in shares of Lsb Industries by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,218,218 shares of the conglomerate's stock worth $9,249,000 after buying an additional 7,496 shares during the period. Finally, CenterBook Partners LP boosted its stake in shares of Lsb Industries by 264.4% during the first 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 period. Hedge funds and other institutional investors own 73.67% of the company's stock.

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.