Lsb Industries (NYSE:LXU) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Lsb Industries Inc. (NYSE:LXU)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.45 and traded as high as $9.34. Lsb Industries shares last traded at $9.24, with a volume of 699,236 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LXU. Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. UBS Group reiterated a “neutral” rating and issued a $9.50 price objective (up from $9.25) on shares of Lsb Industries in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Zacks Research raised Lsb Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Finally, Royal Bank Of Canada lifted their price target on shares of Lsb Industries from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lsb Industries currently has an average rating of “Moderate Buy” and a consensus price target of $9.83.

Lsb Industries Trading Up 4.3%

The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89. The company has a market cap of $664.73 million, a PE ratio of -924.00 and a beta of 0.75. The stock has a 50 day moving average price of $8.84 and a 200 day moving average price of $8.45.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $155.43 million during the quarter, compared to the consensus estimate of $138.30 million. Lsb Industries had a positive return on equity of 2.70% and a negative net margin of 0.11%. Sell-side analysts predict that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Insider Activity

In related news, Director Barry H. Golsen sold 112,268 shares of Lsb Industries stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $9.16, for a total transaction of $1,028,374.88. Following the completion of the transaction, the director directly owned 241,146 shares of the company’s stock, valued at $2,208,897.36. This trade represents a 31.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 223,710 shares of company stock valued at $2,036,079. 4.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lsb Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of Lsb Industries by 1.8% during the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock valued at $700,000 after purchasing an additional 1,616 shares in the last quarter. First Bank & Trust grew its stake in shares of Lsb Industries by 13.4% in the 3rd quarter. First Bank & Trust now owns 16,239 shares of the conglomerate’s stock worth $128,000 after buying an additional 1,922 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in Lsb Industries by 21.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after buying an additional 2,148 shares in the last quarter. Royal Bank of Canada increased its position in Lsb Industries by 7.4% during the 1st quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock valued at $257,000 after buying an additional 2,692 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Lsb Industries by 90.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after buying an additional 2,856 shares during the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

About Lsb Industries

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.