LSB Industries (NYSE:LXU) Shares Gap Up to $8.22

LSB Industries, Inc. (NYSE:LXU) gapped up prior to trading on Tuesday . The stock had previously closed at $8.22, but opened at $8.84. LSB Industries shares last traded at $9.41, with a volume of 323,270 shares.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Piper Sandler downgraded shares of LSB Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $11.50 to $8.00 in a research note on Thursday, February 29th. UBS Group lowered their price objective on shares of LSB Industries from $9.00 to $7.75 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th.

LSB Industries Trading Down 8.9 %

The company has a market cap of $618.31 million, a P/E ratio of 35.29 and a beta of 1.10. The stock’s 50-day moving average is $7.99 and its two-hundred day moving average is $8.39. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.64 and a quick ratio of 3.45.

LSB Industries (NYSE:LXU) last issued its quarterly earnings data on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The company had revenue of $132.61 million for the quarter, compared to the consensus estimate of $127.62 million. LSB Industries had a net margin of 3.20% and a return on equity of 2.70%. As a group, equities research analysts predict that LSB Industries, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at LSB Industries

In other LSB Industries news, EVP John Burns sold 33,243 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $8.25, for a total transaction of $274,254.75. Following the completion of the sale, the executive vice president now directly owns 164,529 shares of the company’s stock, valued at $1,357,364.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.70% of the stock is owned by corporate insiders.

Institutional Trading of LSB Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio increased its stake in shares of LSB Industries by 79.3% in the fourth quarter. Strs Ohio now owns 5,200 shares of the conglomerate’s stock worth $48,000 after purchasing an additional 2,300 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of LSB Industries by 1,207.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,489 shares of the conglomerate’s stock worth $98,000 after purchasing an additional 9,687 shares in the last quarter. Teza Capital Management LLC purchased a new stake in shares of LSB Industries in the third quarter worth $119,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of LSB Industries by 154.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,657 shares of the conglomerate’s stock worth $109,000 after purchasing an additional 7,074 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of LSB Industries by 9.2% in the third quarter. Arizona State Retirement System now owns 15,173 shares of the conglomerate’s stock worth $155,000 after purchasing an additional 1,274 shares in the last quarter. 73.67% of the stock is owned by hedge funds and other 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.