LSB Industries, Inc. (NYSE:LXU - Get Free Report)'s stock price rose 4.5% during mid-day trading on Friday . The stock traded as high as $8.30 and last traded at $8.29. Approximately 111,833 shares changed hands during trading, a decline of 71% from the average daily volume of 380,413 shares. The stock had previously closed at $7.93.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Wall Street Zen upgraded LSB Industries from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st. Piper Sandler set a $10.00 price target on LSB Industries in a report on Thursday, March 27th. Finally, UBS Group lowered their price target on LSB Industries from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th.
Read Our Latest Stock Analysis on LXU
LSB Industries Stock Up 3.8%
The firm has a market capitalization of $591.56 million, a PE ratio of -39.19, a PEG ratio of 0.89 and a beta of 1.23. The company has a fifty day moving average price of $6.64 and a 200-day moving average price of $7.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.
LSB Industries (NYSE:LXU - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $143.43 million for the quarter, compared to analysts' expectations of $139.79 million. LSB Industries had a positive return on equity of 0.98% and a negative net margin of 2.99%. As a group, analysts expect that LSB Industries, Inc. will post -0.18 earnings per share for the current year.
Institutional Trading of LSB Industries
Several hedge funds have recently modified their holdings of LXU. NBC Securities Inc. raised its holdings in shares of LSB Industries by 394,900.0% during the 1st quarter. NBC Securities Inc. now owns 3,950 shares of the conglomerate's stock worth $26,000 after acquiring an additional 3,949 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of LSB Industries by 157.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate's stock valued at $28,000 after purchasing an additional 2,230 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of LSB Industries during the 1st quarter valued at approximately $29,000. GAMMA Investing LLC increased its position in shares of LSB Industries by 21,016.0% during the 1st quarter. GAMMA Investing LLC now owns 5,279 shares of the conglomerate's stock valued at $35,000 after purchasing an additional 5,254 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of LSB Industries by 48.6% during the 4th quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate's stock valued at $63,000 after purchasing an additional 2,700 shares during the last quarter. 73.67% of the stock is owned by hedge funds and other institutional investors.
LSB Industries Company Profile
(
Get Free Report)
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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