Lsb Industries (NYSE:LXU) Shares Down 4.2% - Time to Sell?

Lsb Industries Inc. (NYSE:LXU - Get Free Report)'s share price traded down 4.2% during mid-day trading on Tuesday . The company traded as low as $7.93 and last traded at $7.91. 131,136 shares were traded during trading, a decline of 66% from the average session volume of 386,056 shares. The stock had previously closed at $8.25.

Analysts Set New Price Targets

A number of research firms have commented on LXU. Piper Sandler set a $10.00 price objective on shares of Lsb Industries in a research note on Thursday, March 27th. UBS Group reduced their target price on Lsb Industries from $11.00 to $8.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Wall Street Zen raised Lsb Industries from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st.

Lsb Industries Stock Up 3.1%

The company has a debt-to-equity ratio of 0.97, a current ratio of 2.51 and a quick ratio of 2.29. The business has a 50 day moving average of $7.23 and a 200 day moving average of $7.37. The firm has a market capitalization of $566.06 million, a price-to-earnings ratio of -21.28, a price-to-earnings-growth ratio of 1.78 and a beta of 1.23.

Lsb Industries (NYSE:LXU - Get Free Report) last released 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 business had revenue of $143.43 million during the quarter, compared to the consensus estimate of $139.79 million. On average, equities analysts anticipate that Lsb Industries Inc. will post -0.18 EPS for the current year.

Hedge Funds Weigh In On Lsb Industries

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Lsb Industries by 157.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the conglomerate's stock valued at $28,000 after buying an additional 2,230 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of Lsb Industries by 394,900.0% during the first quarter. NBC Securities Inc. now owns 3,950 shares of the conglomerate's stock worth $26,000 after buying an additional 3,949 shares in the last quarter. Quantbot Technologies LP bought a new stake in Lsb Industries in the 1st quarter valued at about $29,000. GAMMA Investing LLC grew its position in Lsb Industries by 21,016.0% during the first quarter. GAMMA Investing LLC now owns 5,279 shares of the conglomerate's stock worth $35,000 after buying an additional 5,254 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Lsb Industries by 48.6% in the fourth quarter. New York State Common Retirement Fund now owns 8,253 shares of the conglomerate's stock worth $63,000 after purchasing an additional 2,700 shares during the period. Institutional investors and hedge funds 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.