Lsb Industries (NYSE:LXU) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Lsb Industries Inc. (NYSE:LXU) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.91 and traded as high as $8.55. Lsb Industries shares last traded at $8.37, with a volume of 404,799 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on LXU shares. UBS Group restated a “neutral” rating and issued a $9.50 target price (up from $9.25) on shares of Lsb Industries in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lsb Industries in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lsb Industries has a consensus rating of “Hold” and an average target price of $9.75.

Lsb Industries Stock Performance

The company’s 50 day moving average price is $8.45 and its 200-day moving average price is $7.96. The stock has a market cap of $614.83 million, a P/E ratio of -854.60 and a beta of 0.82. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.39 and a current ratio of 2.64.

Lsb Industries (NYSE:LXU) last released its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.72%. The business had revenue of $155.43 million for the quarter, compared to analysts’ expectations of $138.30 million. Equities analysts forecast that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Lsb Industries

Several institutional investors have recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in Lsb Industries by 5.9% during the second quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock worth $14,671,000 after acquiring an additional 104,355 shares during the period. Systematic Financial Management LP increased its position in shares of Lsb Industries by 1.8% during the 2nd quarter. Systematic Financial Management LP now owns 1,817,498 shares of the conglomerate’s stock valued at $14,176,000 after purchasing an additional 32,373 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lsb Industries by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,261,020 shares of the conglomerate’s stock worth $9,838,000 after purchasing an additional 14,313 shares during the period. CenterBook Partners LP raised its stake in shares of Lsb Industries by 264.4% during the 1st quarter. CenterBook Partners LP now owns 629,845 shares of the conglomerate’s stock worth $4,151,000 after purchasing an additional 457,009 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Lsb Industries by 20.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 572,409 shares of the conglomerate’s stock worth $3,772,000 after buying an additional 98,810 shares during the last quarter. 73.67% of the stock is owned by institutional investors.

Lsb Industries Company Profile

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.