Lsb Industries (NYSE:LXU) Share Price Breaks Above 50 Day Moving Average – What’s Next?

Lsb Industries Inc. (NYSE:LXU)’s share price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $10.54 and traded as high as $11.80. Lsb Industries shares last traded at $11.1880, with a volume of 1,603,162 shares traded.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LXU shares. 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 report on Monday, August 10th. Weiss Ratings upgraded Lsb Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 16th. Wall Street Zen lowered shares of Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Freedom Broker initiated coverage on shares of Lsb Industries in a report on Tuesday. They issued a “hold” rating and a $9.50 target price for the company. Finally, set a $13.00 price target on shares of Lsb Industries and gave the company an “outperform” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.38.

Lsb Industries Stock Up 3.6%

The company has a debt-to-equity ratio of 0.79, a current ratio of 3.01 and a quick ratio of 2.31. The firm has a market cap of $829.42 million, a PE ratio of 18.58 and a beta of 0.44. The business has a fifty day moving average price of $10.55 and a two-hundred day moving average price of $11.74.

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

Institutional Trading of Lsb Industries

A number of hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its position in Lsb Industries by 7.4% during the third quarter. Sterling Capital Management LLC now owns 26,286 shares of the conglomerate’s stock valued at $257,000 after purchasing an additional 1,816 shares during the last quarter. CWA Asset Management Group LLC grew its stake in Lsb Industries by 12.0% in the third quarter. CWA Asset Management Group LLC now owns 147,732 shares of the conglomerate’s stock valued at $1,443,000 after purchasing an additional 15,781 shares in the last quarter. Squarepoint Ops LLC increased its position in Lsb Industries by 339.6% in the 2nd quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate’s stock worth $3,763,000 after purchasing an additional 268,939 shares during the last quarter. Arizona State Retirement System acquired a new position in Lsb Industries in the 2nd quarter worth about $166,000. Finally, AXQ Capital LP increased its position in Lsb Industries by 4.8% in the 2nd quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate’s stock worth $505,000 after purchasing an additional 2,144 shares during the last quarter. 73.67% of the stock is owned by hedge funds and other institutional investors.

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.