Lsb Industries (NYSE:LXU) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Lsb Industries Inc. (NYSE:LXU)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.53 and traded as high as $13.25. Lsb Industries shares last traded at $13.0570, with a volume of 591,347 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LXU. Weiss Ratings raised Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $15.00 price objective (up from $14.00) on shares of Lsb Industries in a research report on Monday, May 11th. Jefferies Financial Group increased their price objective on Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, March 12th. UBS Group set a $16.00 price objective on Lsb Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded Lsb Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 6th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Lsb Industries presently has a consensus rating of “Hold” and an average target price of $15.33.

Lsb Industries Stock Up 0.2%

The company has a current ratio of 3.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.81. The stock has a market cap of $939.31 million, a P/E ratio of 20.73 and a beta of 0.31. The firm has a 50-day simple moving average of $14.36 and a two-hundred day simple moving average of $11.53.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.14. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%.The company had revenue of $169.49 million for the quarter, compared to analysts’ expectations of $166.19 million. Equities research analysts expect that Lsb Industries Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership acquired a new stake in Lsb Industries in the first quarter valued at about $11,458,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Lsb Industries during the first quarter valued at about $4,416,000. Tudor Investment Corp ET AL boosted its stake in shares of Lsb Industries by 581.8% during the fourth quarter. Tudor Investment Corp ET AL now owns 342,894 shares of the conglomerate’s stock valued at $2,915,000 after purchasing an additional 292,599 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Lsb Industries by 104.8% in the third quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock worth $2,881,000 after acquiring an additional 187,108 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Lsb Industries by 301.7% in the fourth quarter. Lazard Asset Management LLC now owns 205,236 shares of the conglomerate’s stock worth $1,745,000 after acquiring an additional 154,150 shares during the period. Institutional investors own 73.67% of the company’s stock.

Lsb Industries Company Profile

LSB Industries, Inc (NYSE: LXU) is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.

Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.