LSB Industries (NYSE:LXU) Stock Price Down 4%

LSB Industries, Inc. (NYSE:LXU - Get Free Report) dropped 4% on Thursday . The company traded as low as $8.13 and last traded at $8.14. Approximately 89,677 shares changed hands during trading, a decline of 81% from the average daily volume of 482,511 shares. The stock had previously closed at $8.48.

Wall Street Analyst Weigh In

LXU has been the topic of a number of research reports. Piper Sandler cut shares of LSB Industries from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $11.50 to $8.00 in a research note on Thursday, February 29th. UBS Group cut their price target on shares of LSB Industries from $9.00 to $7.75 and set a "neutral" rating on the stock in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $11.96.

LSB Industries Trading Down 2.4 %

The firm has a market cap of $604.44 million, a price-to-earnings ratio of 22.89 and a beta of 1.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.68 and a quick ratio of 3.45. The firm's fifty day moving average is $7.86 and its 200-day moving average is $8.58.

LSB Industries (NYSE:LXU - Get Free Report) last released its earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.13). The firm had revenue of $132.61 million during the quarter, compared to analyst estimates of $127.62 million. LSB Industries had a net margin of 4.70% and a return on equity of 4.91%. Equities analysts anticipate that LSB Industries, Inc. will post 0.38 earnings per share for the current year.

Insider Activity at LSB Industries

In other news, EVP John Burns sold 33,243 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $8.25, for a total transaction of $274,254.75. Following the transaction, the executive vice president now owns 164,529 shares in the company, valued at $1,357,364.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On LSB Industries

Several institutional investors have recently made changes to their positions in LXU. Systematic Financial Management LP acquired a new position in shares of LSB Industries during the fourth quarter valued at about $15,183,000. International Assets Investment Management LLC grew its position in LSB Industries by 805.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,038,689 shares of the conglomerate's stock worth $9,670,000 after purchasing an additional 923,922 shares in the last quarter. BlackRock Inc. grew its position in LSB Industries by 27.9% in the 3rd quarter. BlackRock Inc. now owns 2,740,508 shares of the conglomerate's stock worth $39,052,000 after purchasing an additional 597,482 shares in the last quarter. Millennium Management LLC grew its position in LSB Industries by 966.3% in the 4th quarter. Millennium Management LLC now owns 652,483 shares of the conglomerate's stock worth $8,678,000 after purchasing an additional 591,290 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in LSB Industries in the 4th quarter worth about $5,461,000. 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.