LSB Industries, Inc. (NYSE:LXU) Short Interest Down 14.2% in June

LSB Industries, Inc. (NYSE:LXU) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 1,940,000 shares, a drop of 14.2% from the May 31st total of 2,260,000 shares. Based on an average daily trading volume, of 391,000 shares, the short-interest ratio is currently 5.0 days.

Analysts Set New Price Targets

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

LSB Industries Price Performance

LSB Industries stock opened at $8.18 on Friday. The stock’s fifty day moving average price is $8.86 and its two-hundred day moving average price is $8.43. LSB Industries has a one year low of $6.74 and a one year high of $11.69. 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 1.83 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, topping analysts’ consensus estimates of $0.06 by $0.04. LSB Industries had a return on equity of 2.70% and a net margin of 3.20%. The firm had revenue of $138.20 million for the quarter, compared to analyst estimates of $120.64 million. As a group, research analysts expect that LSB Industries will post 0.28 EPS for the current fiscal year.

Insider Activity

In other news, EVP John Burns sold 33,243 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $9.25, for a total value of $307,497.75. Following the completion of the sale, the executive vice president now directly owns 131,286 shares of the company’s stock, valued at $1,214,395.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On LSB Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank bought a new position in LSB Industries during the 1st quarter worth $210,000. Bayesian Capital Management LP bought a new position in shares of LSB Industries in the 1st quarter valued at $97,000. Gendell Jeffrey L increased its stake in shares of LSB Industries by 22.9% in the 1st quarter. Gendell Jeffrey L now owns 2,450,496 shares of the conglomerate’s stock valued at $21,515,000 after purchasing an additional 457,139 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of LSB Industries by 6.2% in 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. Finally, First Eagle Investment Management LLC increased its stake in shares of LSB Industries by 9.3% in the 1st quarter. First Eagle Investment Management LLC now owns 1,090,895 shares of the conglomerate’s stock valued at $9,578,000 after purchasing an additional 92,500 shares during the last quarter. 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.