LSB Industries (NYSE:LXU) Stock Price Down 7.1%

LSB Industries, Inc. (NYSE:LXU - Get Free Report)'s share price traded down 7.1% on Wednesday . The company traded as low as $8.62 and last traded at $8.64. 161,112 shares changed hands during trading, a decline of 66% from the average session volume of 472,093 shares. The stock had previously closed at $9.30.

Analysts Set New Price Targets

LXU has been the subject of several research analyst reports. UBS Group dropped their target price on shares of LSB Industries from $9.00 to $7.75 and set a "neutral" rating for the company in a research report on Wednesday, March 6th. Piper Sandler downgraded LSB Industries from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $11.50 to $8.00 in a report on Thursday, February 29th.

LSB Industries Price Performance

The firm has a market capitalization of $618.31 million, a P/E ratio of 34.92 and a beta of 1.10. The firm has a 50-day moving average of $7.98 and a 200-day moving average of $8.38. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.45 and a current ratio of 3.68.

LSB Industries (NYSE:LXU - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The conglomerate reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). LSB Industries had a return on equity of 2.68% and a net margin of 3.20%. The business had revenue of $132.61 million during the quarter, compared to the consensus estimate of $127.62 million. As a group, analysts predict that LSB Industries, Inc. will post 0.27 EPS for the current year.

Insider Transactions at LSB Industries

In related news, EVP John Burns sold 33,243 shares of the stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.70% of the company's stock.

Institutional Trading of LSB Industries

Several large investors have recently modified their holdings of the company. Strs Ohio increased its position in LSB Industries by 79.3% in the fourth quarter. Strs Ohio now owns 5,200 shares of the conglomerate's stock worth $48,000 after buying an additional 2,300 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of LSB Industries by 1,207.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,489 shares of the conglomerate's stock valued at $98,000 after acquiring an additional 9,687 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of LSB Industries by 154.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,657 shares of the conglomerate's stock worth $109,000 after acquiring an additional 7,074 shares during the period. Teza Capital Management LLC purchased a new stake in shares of LSB Industries during the third quarter worth about $119,000. Finally, Arizona State Retirement System grew its position in shares of LSB Industries by 9.2% during the third quarter. Arizona State Retirement System now owns 15,173 shares of the conglomerate's stock worth $155,000 after purchasing an additional 1,274 shares in the last quarter. Institutional investors own 73.67% of the company's stock.

About LSB Industries

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.