LSB Industries, Inc. (NYSE:LXU) Short Interest Down 19.2% in September

LSB Industries, Inc. (NYSE:LXU) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 1,850,000 shares, a decline of 19.2% from the August 31st total of 2,290,000 shares. Based on an average trading volume of 338,600 shares, the days-to-cover ratio is currently 5.5 days.

LSB Industries Trading Up 0.5 %

LXU stock traded up $0.04 during trading on Friday, hitting $7.99. The company had a trading volume of 255,669 shares, compared to its average volume of 401,458. The stock has a market cap of $571.64 million, a PE ratio of 33.29, a PEG ratio of 1.43 and a beta of 0.83. LSB Industries has a one year low of $6.74 and a one year high of $10.59. The business has a 50-day moving average of $7.92 and a 200-day moving average of $8.30. The company has a current ratio of 3.41, a quick ratio of 3.19 and a debt-to-equity ratio of 0.92.

LSB Industries (NYSE:LXU) last issued its earnings results on Wednesday, July 31st. The conglomerate reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. LSB Industries had a return on equity of 1.29% and a net margin of 0.40%. The company had revenue of $140.07 million for the quarter, compared to analysts’ expectations of $147.09 million. Research analysts predict that LSB Industries will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LSB Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in shares of LSB Industries by 1.1% during the 1st quarter. International Assets Investment Management LLC now owns 112,827 shares of the conglomerate’s stock valued at $986,000 after purchasing an additional 1,260 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of LSB Industries by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 74,836 shares of the conglomerate’s stock valued at $612,000 after purchasing an additional 1,555 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of LSB Industries by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock valued at $278,000 after purchasing an additional 1,837 shares during the last quarter. Capstone Investment Advisors LLC increased its position in shares of LSB Industries by 9.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 27,250 shares of the conglomerate’s stock valued at $239,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of LSB Industries by 3.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 96,038 shares of the conglomerate’s stock valued at $786,000 after purchasing an additional 2,943 shares during the last quarter. 73.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LXU has been the subject of a number of analyst reports. Piper Sandler boosted their price target on LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and set a $10.00 target price on shares of LSB Industries in a research note on Monday, August 12th. Finally, UBS Group lowered their target price on LSB Industries from $9.25 to $8.75 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.69.

About LSB Industries

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.