Lsb Industries (NYSE:LXU) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Lsb Industries Inc. (NYSE:LXU) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.63 and traded as high as $9.39. Lsb Industries shares last traded at $9.1450, with a volume of 305,899 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LXU shares. Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. UBS Group reaffirmed a “neutral” rating and set a $9.75 target price (up previously from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Zacks Research raised Lsb Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $11.00 price objective (up previously from $10.00) on shares of Lsb Industries in a research report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lsb Industries has an average rating of “Moderate Buy” and a consensus target price of $10.25.

Lsb Industries Price Performance

The business has a 50-day moving average price of $9.06 and a two-hundred day moving average price of $8.63. The company has a quick ratio of 2.63, a current ratio of 2.84 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $657.89 million, a price-to-earnings ratio of -914.50 and a beta of 0.74.

Insider Buying and Selling

In other Lsb Industries news, CFO Cheryl Maguire sold 7,551 shares of Lsb Industries stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total transaction of $75,510.00. Following the completion of the transaction, the chief financial officer owned 200,719 shares in the company, valued at approximately $2,007,190. The trade was a 3.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barry H. Golsen sold 15,926 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $10.03, for a total value of $159,737.78. Following the sale, the director directly owned 35,043 shares of the company’s stock, valued at $351,481.29. This represents a 31.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 564,188 shares of company stock worth $5,299,643 in the last quarter. Insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

Several large investors have recently bought and sold shares of LXU. Russell Investments Group Ltd. boosted its holdings in Lsb Industries by 2,900.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Lsb Industries during the third quarter valued at about $42,000. Tower Research Capital LLC TRC boosted its holdings 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 worth $47,000 after purchasing an additional 2,856 shares during the last quarter. Quarry LP bought a new stake in Lsb Industries in the 3rd quarter worth about $94,000. Finally, Orion Porfolio Solutions LLC increased its stake in Lsb Industries by 21.0% in 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 during the last quarter. 73.67% of the stock is currently owned by institutional investors.

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.