LSB Industries (NYSE:LXU) Shares Gap Up to $8.15

LSB Industries, Inc. (NYSE:LXU) shares gapped up before the market opened on Thursday . The stock had previously closed at $8.15, but opened at $8.37. LSB Industries shares last traded at $8.30, with a volume of 3,285 shares trading hands.

Analyst Upgrades and Downgrades

LXU has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of LSB Industries from $9.00 to $7.75 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Piper Sandler lifted their price target on shares of LSB Industries from $8.00 to $9.00 and gave the company an “underweight” rating in a research report on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of LSB Industries from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.69.

LSB Industries Trading Up 0.4 %

The company’s 50 day moving average price is $8.86 and its 200 day moving average price is $8.43. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.64 and a quick ratio of 3.44. The firm has a market cap of $585.20 million, a PE ratio of 34.08, a price-to-earnings-growth ratio of 1.82 and a beta of 0.91.

LSB Industries (NYSE:LXU) last posted its quarterly earnings data on Monday, April 29th. The conglomerate reported $0.10 EPS for the quarter, beating the consensus estimate of $0.06 by $0.04. LSB Industries had a net margin of 3.20% and a return on equity of 2.70%. The business had revenue of $138.20 million during the quarter, compared to analyst estimates of $120.64 million. As a group, analysts forecast that LSB Industries, Inc. will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Burns sold 33,243 shares of LSB Industries stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $9.25, for a total value of $307,497.75. Following the completion of the transaction, the executive vice president now owns 131,286 shares in the company, valued at $1,214,395.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in LSB Industries by 7.4% during the third quarter. Vanguard Group Inc. now owns 3,477,262 shares of the conglomerate’s stock worth $35,572,000 after purchasing an additional 238,294 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in LSB Industries by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,525,077 shares of the conglomerate’s stock worth $23,509,000 after purchasing an additional 18,965 shares in the last quarter. Gendell Jeffrey L raised its holdings in LSB Industries by 22.9% during the first quarter. Gendell Jeffrey L now owns 2,450,496 shares of the conglomerate’s stock worth $21,515,000 after purchasing an additional 457,139 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in LSB Industries by 9.3% during the first quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock worth $9,578,000 after purchasing an additional 92,500 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in LSB Industries by 805.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,038,689 shares of the conglomerate’s stock worth $9,670,000 after purchasing an additional 923,922 shares in the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

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.