Lsb Industries Inc. (NYSE:LXU) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Tuesday.
Separately, Zacks Investment Research cut shares of Lsb Industries from a “buy” rating to a “sell” rating in a research note on Monday, April 17th.
Lsb Industries (NYSE:LXU) traded down 2.68% during trading on Tuesday, hitting $6.89. 704,478 shares of the stock traded hands. The stock has a 50 day moving average price of $10.24 and a 200-day moving average price of $9.29. The stock has a market cap of $195.71 million, a P/E ratio of 2.07 and a beta of 4.60. Lsb Industries has a 52-week low of $4.52 and a 52-week high of $12.84.
Lsb Industries (NYSE:LXU) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by $0.26. Lsb Industries had a net margin of 24.04% and a negative return on equity of 1.11%. The company had revenue of $122.90 million during the quarter, compared to analyst estimates of $138.21 million. During the same period in the prior year, the business posted ($0.73) EPS. Lsb Industries’s revenue was up 11.7% compared to the same quarter last year. On average, analysts anticipate that Lsb Industries will post ($2.17) EPS for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the stock. Gendell Jeffrey L boosted its stake in Lsb Industries by 22.2% in the first quarter. Gendell Jeffrey L now owns 2,563,380 shares of the conglomerate’s stock worth $24,045,000 after buying an additional 465,138 shares in the last quarter. FMR LLC bought a new stake in Lsb Industries during the first quarter worth about $1,272,000. Russell Investments Group Ltd. boosted its stake in Lsb Industries by 22.3% in the second quarter. Russell Investments Group Ltd. now owns 647,280 shares of the conglomerate’s stock worth $6,686,000 after buying an additional 117,842 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Lsb Industries by 181.2% in the first quarter. Goldman Sachs Group Inc. now owns 149,077 shares of the conglomerate’s stock worth $1,398,000 after buying an additional 96,060 shares in the last quarter. Finally, Cortina Asset Management LLC boosted its stake in Lsb Industries by 14.4% in the first quarter. Cortina Asset Management LLC now owns 749,147 shares of the conglomerate’s stock worth $7,027,000 after buying an additional 94,126 shares in the last quarter. 69.99% of the stock is currently owned by hedge funds and other institutional investors.
About Lsb Industries
LSB Industries, Inc is a holding company. The Company, through its subsidiaries, is engaged in the manufacture and sale of chemical products. The Company operates through chemical business segment. It is a manufacturer and distributor of nitrogen fertilizer and other nitrogen products in North America.
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