Lsb Industries (NYSE:LXU) Trading Down 4.2% - What's Next?

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

Wall Street Analysts Forecast Growth

LXU has been the topic of a number of research reports. UBS Group decreased their price objective on Lsb Industries from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen upgraded shares of Lsb Industries from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st. Finally, Piper Sandler set a $10.00 price objective on shares of Lsb Industries in a report on Thursday, March 27th.

Lsb Industries Stock Performance

The stock has a market cap of $558.87 million, a price-to-earnings ratio of -21.01, a PEG ratio of 1.20 and a beta of 1.23. The firm's 50-day moving average price is $7.02 and its two-hundred day moving average price is $7.38. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.29 and a current ratio of 2.51.

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 for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $143.43 million during the quarter, compared to analysts' expectations of $139.79 million. Lsb Industries had a negative net margin of 5.04% and a positive return on equity of 0.97%. On average, analysts expect that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Lsb Industries

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in 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 purchasing an additional 12,345 shares during the period. Systematic Financial Management LP increased its stake in Lsb Industries by 1.3% during the 1st 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. increased its stake in Lsb Industries by 9.6% during the 1st 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. First Eagle Investment Management LLC lifted its holdings in Lsb Industries by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate's stock worth $13,361,000 after buying an additional 88,506 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Lsb Industries by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,218,218 shares of the conglomerate's stock valued at $9,249,000 after buying an additional 7,496 shares during the period. 73.67% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.