Lsb Industries (NYSE:LXU) Shares Down 3.9% - What's Next?

Key Points

• Lsb Industries shares fell 3.9% to about $10.08 in low-volume trading, with volume down 91% from the average daily level.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating from five analysts, although the average price target of $14.67 implies potential upside.
• The company’s latest quarterly results were mixed, with revenue of $168.09 million beating estimates but earnings per share of -$0.09 missing expectations by $0.42; institutional investors own 73.67% of the shares.

Shares of Lsb Industries Inc. (NYSE:LXU - Get Free Report) dropped 3.9% during trading on Tuesday. The stock traded as low as $10.20 and last traded at $10.0750. 96,911 shares were traded during trading, a decline of 91% from the average daily volume of 1,027,208 shares. The stock had previously closed at $10.48.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LXU. Wall Street Zen downgraded Lsb Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Royal Bank Of Canada upgraded Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price target for the company in a research note on Monday, August 10th. set a $13.00 price objective on Lsb Industries and gave the company an "outperform" rating in a report on Monday, October 5th. Finally, Weiss Ratings upgraded Lsb Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Lsb Industries currently has a consensus rating of "Hold" and an average target price of $14.67.

Lsb Industries Trading Down 1.5%

The firm has a market capitalization of $743.40 million, a P/E ratio of 20.65 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. The firm has a 50 day moving average of $10.54 and a 200-day moving average of $11.85.

Lsb Industries (NYSE:LXU - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share 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 company had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million.

Hedge Funds Weigh In On Lsb Industries

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

About Lsb Industries

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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