LSB Industries (NYSE:LXU) Shares Up 4.5% – What’s Next?

Shares of LSB Industries, Inc. (NYSE:LXU) were up 4.5% during trading on Wednesday . The stock traded as high as $8.62 and last traded at $8.55. Approximately 158,225 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 396,121 shares. The stock had previously closed at $8.18.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LXU shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 price target on shares of LSB Industries in a research note on Monday, August 12th. UBS Group raised LSB Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $9.50 to $11.00 in a research note on Thursday. Finally, Piper Sandler upped their target price on shares of LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.25.

LSB Industries Price Performance

The stock has a fifty day moving average price of $7.88 and a 200-day moving average price of $8.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.41 and a quick ratio of 3.19. The company has a market cap of $672.16 million, a PE ratio of 39.15, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82.

LSB Industries (NYSE:LXU) last issued its earnings results on Wednesday, July 31st. The conglomerate reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $140.07 million for the quarter, compared to analyst estimates of $147.09 million. LSB Industries had a net margin of 0.40% and a return on equity of 1.29%. On average, equities analysts expect that LSB Industries, Inc. will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On LSB Industries

A number of institutional investors and hedge funds have recently made changes to their positions in LXU. Gendell Jeffrey L grew its position in LSB Industries by 22.9% in the first quarter. Gendell Jeffrey L now owns 2,450,496 shares of the conglomerate’s stock valued at $21,515,000 after acquiring an additional 457,139 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of LSB Industries by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,364,562 shares of the conglomerate’s stock valued at $19,342,000 after buying an additional 37,419 shares during the last quarter. Renaissance Technologies LLC lifted its stake in LSB Industries by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,816,865 shares of the conglomerate’s stock valued at $14,862,000 after acquiring an additional 25,713 shares in the last quarter. First Eagle Investment Management LLC boosted its position in LSB Industries by 34.1% in the second quarter. First Eagle Investment Management LLC now owns 1,463,395 shares of the conglomerate’s stock worth $11,971,000 after purchasing an additional 372,500 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of LSB Industries by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock worth $10,740,000 after purchasing an additional 135,087 shares during the period. Institutional investors own 73.67% of the company’s stock.

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.