LSB Industries (NYSE:LXU) Shares Down 4% - Should You Sell?

LSB Industries, Inc. (NYSE:LXU - Get Free Report) shares fell 4% during trading on Friday . The company traded as low as $8.78 and last traded at $8.79. 71,221 shares traded hands during trading, a decline of 82% from the average session volume of 391,639 shares. The stock had previously closed at $9.15.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LXU. UBS Group raised LSB Industries from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $9.50 to $11.00 in a research report on Thursday, October 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $10.00 price target on shares of LSB Industries in a research report on Monday, November 4th. Finally, Piper Sandler raised LSB Industries from an "underweight" rating to an "overweight" rating and lifted their price target for the stock from $9.00 to $11.00 in a research report on Monday, January 13th.

LSB Industries Price Performance

The stock has a 50 day simple moving average of $8.42 and a two-hundred day simple moving average of $8.30. The firm has a market cap of $622.74 million, a PE ratio of -41.40, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

LSB Industries (NYSE:LXU - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The conglomerate reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.02). The company had revenue of $109.22 million for the quarter, compared to analysts' expectations of $87.19 million. LSB Industries had a negative net margin of 2.99% and a positive return on equity of 0.98%. During the same quarter in the previous year, the business posted ($0.08) EPS. Sell-side analysts expect that LSB Industries, Inc. will post 0.02 earnings per share for the current year.

Hedge Funds Weigh In On LSB Industries

Institutional investors and hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC purchased a new position in shares of LSB Industries in the 4th quarter valued at about $54,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of LSB Industries in the 3rd quarter valued at about $93,000. Intech Investment Management LLC purchased a new position in shares of LSB Industries in the 3rd quarter valued at about $93,000. Private Advisor Group LLC increased its stake in shares of LSB Industries by 14.1% in the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate's stock valued at $102,000 after purchasing an additional 1,563 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in LSB Industries during the 3rd quarter worth approximately $103,000. 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.