Lsb Industries (NYSE:LXU) Shares Climb 4.3% - Here's Why

Key Points

• Lsb Industries shares rose 4.3% to about $10.24, although trading volume was roughly 95% below the stock’s average daily volume.
• Analyst sentiment remains mixed: the stock carries an overall “Hold” rating, with one Buy, three Holds and one Sell, and an average price target of $14.67.
• The company’s latest quarterly results missed earnings expectations, reporting a loss of $0.09 per share versus the projected $0.33 profit, despite revenue exceeding estimates.

Shares of Lsb Industries Inc. (NYSE:LXU - Get Free Report) shot up 4.3% on Tuesday. The company traded as high as $10.21 and last traded at $10.2360. Approximately 51,128 shares traded hands during trading, a decline of 95% from the average session volume of 1,027,351 shares. The stock had previously closed at $9.81.

Analyst Ratings Changes

LXU has been the topic of several research reports. Wall Street Zen downgraded shares of Lsb Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. set a $13.00 price objective on shares of Lsb Industries and gave the stock an "outperform" rating in a report on Monday, October 5th. Weiss Ratings cut shares of Lsb Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, October 2nd. Finally, Royal Bank Of Canada raised shares of Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 target price for the company in a research note on Monday, August 10th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Lsb Industries presently has an average rating of "Hold" and an average target price of $14.67.

Lsb Industries Stock Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43. The company has a market cap of $737.21 million, a price-to-earnings ratio of 20.47 and a beta of 0.44. The firm's 50-day moving average price is $10.48 and its 200 day moving average price is $12.04.

Lsb Industries (NYSE:LXU - Get Free Report) last issued its earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.42). Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. The business had revenue of $168.09 million for the quarter, compared to the consensus estimate of $155.45 million. On average, sell-side analysts anticipate that Lsb Industries Inc. will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Lsb Industries

Several large investors have recently modified their holdings of the business. Squarepoint Ops LLC lifted its position in 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 acquiring an additional 268,939 shares in the last quarter. Arizona State Retirement System bought a new position in Lsb Industries during the 2nd quarter worth about $166,000. AXQ Capital LP increased its holdings in Lsb Industries by 4.8% during the 2nd quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate's stock worth $505,000 after purchasing an additional 2,144 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Lsb Industries by 156.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,403 shares of the conglomerate's stock valued at $296,000 after purchasing an additional 16,714 shares during the period. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of Lsb Industries in the 2nd quarter valued at about $252,000. 73.67% of the stock is currently owned by institutional investors.

Lsb Industries Company Profile

LSB Industries, Inc NYSE: LXU is a U.S.-based manufacturer of nitrogen-based chemical products. The company serves agricultural, industrial and mining customers, producing and selling products such as ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid.

Through its Agricultural Products business, LSB supplies nitrogen fertilizers used by farmers and agricultural distributors. Its Industrial Products business provides ammonia, sulfuric acid, nitric acid, carbon dioxide and related chemical products used in manufacturing, mining, explosives and other industrial applications.

Founded in 1969 and headquartered in Oklahoma City, Oklahoma, LSB Industries operates production facilities in the United States, including sites in Alabama, Arkansas and Oklahoma.

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