Lsb Industries (NYSE:LXU) Stock Price Down 5% - Time to Sell?

Key Points

• Lsb Industries shares fell 5% to approximately $10.49 in mid-day trading, below both its 50-day average of $10.90 and 200-day average of $12.50.
• Analyst sentiment is mostly cautious: four analysts rate the stock Hold and one rates it Buy, with a consensus price target of $14.67; RBC upgraded the shares to Outperform with a $13 target.
• The company missed quarterly EPS expectations, reporting a $0.09 loss versus the anticipated $0.33 profit, although revenue exceeded forecasts. Institutional investors own 73.67% of the stock, with several major funds recently adding or initiating positions.

Lsb Industries Inc. (NYSE:LXU - Get Free Report)'s share price was down 5% during mid-day trading on Monday . The company traded as low as $10.51 and last traded at $10.4910. 462,686 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 1,060,255 shares. The stock had previously closed at $11.04.

Analyst Upgrades and Downgrades

LXU has been the subject of several recent analyst reports. Wall Street Zen cut shares of Lsb Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Royal Bank Of Canada raised shares of Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price target for the company in a research report on Monday, August 10th. Finally, Weiss Ratings lowered shares of Lsb Industries from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $14.67.

Lsb Industries Trading Down 5.0%

The stock has a 50-day simple moving average of $10.90 and a two-hundred day simple moving average of $12.50. 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 firm has a market cap of $754.97 million, a PE ratio of 20.98 and a beta of 0.31.

Lsb Industries (NYSE:LXU - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $155.45 million. As a group, sell-side analysts anticipate that Lsb Industries Inc. will post 0.53 EPS for the current year.

Hedge Funds Weigh In On Lsb Industries

A number of institutional investors and hedge funds have recently modified their holdings of LXU. BlackRock Inc. purchased a new stake in Lsb Industries during the second quarter valued at $50,802,000. Dimensional Fund Advisors LP grew its stake in shares of Lsb Industries by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate's stock valued at $36,241,000 after purchasing an additional 57,999 shares during the period. Renaissance Technologies LLC increased its position in shares of 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 purchasing an additional 46,613 shares during the last quarter. Robotti Robert purchased a new stake in shares of Lsb Industries during the 2nd quarter valued at about $22,914,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Lsb Industries in the 1st quarter worth approximately $11,458,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Lsb Industries Company Profile

LSB Industries, Inc is a diversified chemical company that manufactures nitrogen-based fertilizer and industrial products. Its agricultural offerings include ammonia, urea ammonium nitrate (UAN) and ammonium nitrate, which are used by farmers and agricultural distributors to support crop production.

The company also produces industrial chemicals, including ammonia and nitric acid, for applications in areas such as emissions control, chemical processing, mining and other industrial markets.

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