Lsb Industries (NYSE:LXU) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Key Points

• Lsb Industries shares rose 2.1% and briefly crossed above their 50-day moving average of $10.57, trading as high as $10.61.
• Analyst sentiment is mostly cautious: one analyst rates the stock Buy and five rate it Hold, with a consensus price target of $12.50.
• In its latest quarter, the company reported EPS of $0.22, beating the $0.14 estimate, while revenue of $158.6 million fell short of the $160.18 million consensus.

Lsb Industries Inc. (NYSE:LXU - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $10.57 and traded as high as $10.61. Lsb Industries shares last traded at $10.5720, with a volume of 1,007,188 shares.

Wall Street Analysts Forecast Growth

LXU has been the subject of a number of recent analyst reports. set a $13.00 price target on shares of Lsb Industries and gave the company an "outperform" rating in a research note on Monday, October 5th. Freedom Broker assumed coverage on Lsb Industries in a report on Tuesday, October 27th. They issued a "hold" rating and a $9.50 price objective on the stock. Royal Bank Of Canada raised Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price target on the stock in a research note on Monday, August 10th. Weiss Ratings raised shares of Lsb Industries from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday. Finally, Wall Street Zen cut shares of Lsb Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.50.

Lsb Industries Stock Up 2.1%

The firm's 50-day moving average is $10.57 and its 200 day moving average is $11.76. The stock has a market cap of $761.18 million, a price-to-earnings ratio of 17.05 and a beta of 0.36. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.01 and a quick ratio of 2.83.

Lsb Industries (NYSE:LXU - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. The firm had revenue of $158.60 million during the quarter, compared to the consensus estimate of $160.18 million. Lsb Industries had a return on equity of 8.51% and a net margin of 6.95%.

Institutional Investors Weigh In On Lsb Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in LXU. BlackRock Inc. bought a new position in Lsb Industries in the 2nd quarter valued at about $50,802,000. Dimensional Fund Advisors LP raised its position in shares of Lsb Industries by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate's stock worth $36,241,000 after acquiring an additional 57,999 shares during the period. Renaissance Technologies LLC increased its position in shares of Lsb Industries by 2.7% during the first quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate's stock worth $26,708,000 after acquiring an additional 46,613 shares during the period. Robotti Robert purchased a new position in Lsb Industries during the second quarter worth $22,914,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Lsb Industries during the 1st quarter valued at approximately $11,458,000. 73.67% of the stock is currently owned by institutional investors and hedge funds.

About Lsb Industries

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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