Lsb Industries (NYSE:LXU) Share Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• LSB Industries shares rose above their 50-day moving average of $10.54, reaching $11.80 before trading near $11.19. The stock remains below its 200-day moving average of $11.73.
• Analyst sentiment is mostly neutral: one analyst rates LXU a Buy and five rate it Hold, producing a consensus Hold rating and a $13.38 price target.
• LSB Industries exceeded quarterly EPS expectations, reporting $0.22 versus the $0.14 consensus, though revenue of $158.6 million fell slightly short of estimates. Institutional investors own 73.67% of the company.

Lsb Industries Inc. (NYSE:LXU - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $10.54 and traded as high as $11.80. Lsb Industries shares last traded at $11.1880, with a volume of 1,603,162 shares.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LXU. Weiss Ratings upgraded Lsb Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 16th. Freedom Broker started coverage on Lsb Industries in a research report on Tuesday. They set a "hold" rating and a $9.50 target price for the company. Royal Bank Of Canada upgraded Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 target price for the company in a research report on Monday, August 10th. Wall Street Zen lowered Lsb Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, set a $13.00 price target on Lsb Industries and gave the company an "outperform" rating in a research report on Monday, October 5th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $13.38.

Lsb Industries Price Performance

The stock has a fifty day moving average of $10.54 and a 200-day moving average of $11.73. The firm has a market capitalization of $805.54 million, a P/E ratio of 18.05 and a beta of 0.44. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82.

Lsb Industries (NYSE:LXU - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. The firm had revenue of $158.60 million for the quarter, compared to analyst estimates of $160.18 million. Lsb Industries had a net margin of 6.95% and a return on equity of 8.61%.

Institutional Trading of Lsb Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC increased its stake in shares of Lsb Industries by 339.6% in the 2nd quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate's stock valued at $3,763,000 after buying an additional 268,939 shares during the period. Empowered Funds LLC acquired a new position in shares of Lsb Industries during the second quarter valued at $3,845,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Lsb Industries during the first quarter valued at $11,458,000. Bank of New York Mellon Corp bought a new position in Lsb Industries in the second quarter valued at about $1,922,000. Finally, Sei Investments Co. boosted its holdings in Lsb Industries by 343.2% in the first quarter. Sei Investments Co. now owns 182,351 shares of the conglomerate's stock valued at $2,717,000 after acquiring an additional 141,208 shares during the last quarter. Institutional investors and hedge funds own 73.67% of the company's stock.

Lsb Industries Company Profile

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.

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