Short Interest in LSB Industries, Inc. (NYSE:LXU) Decreases By 19.2%

LSB Industries, Inc. (NYSE:LXU) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 1,850,000 shares, a drop of 19.2% from the August 31st total of 2,290,000 shares. Based on an average daily trading volume, of 338,600 shares, the short-interest ratio is currently 5.5 days.

Institutional Investors Weigh In On LSB Industries

Several hedge funds have recently bought and sold shares of LXU. Dimensional Fund Advisors LP increased its holdings in shares of LSB Industries by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,525,077 shares of the conglomerate’s stock worth $23,509,000 after buying an additional 18,965 shares during the last quarter. Gendell Jeffrey L lifted its stake in LSB Industries by 32.1% during the fourth quarter. Gendell Jeffrey L now owns 1,993,357 shares of the conglomerate’s stock worth $18,558,000 after purchasing an additional 484,535 shares during the last quarter. International Assets Investment Management LLC lifted its stake in LSB Industries by 1.1% during the first quarter. International Assets Investment Management LLC now owns 112,827 shares of the conglomerate’s stock worth $986,000 after purchasing an additional 1,260 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of LSB Industries by 84.3% in the 1st quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock worth $232,000 after purchasing an additional 12,082 shares in the last quarter. Finally, Capstone Investment Advisors LLC increased its position in shares of LSB Industries by 9.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 27,250 shares of the conglomerate’s stock valued at $239,000 after purchasing an additional 2,250 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors.

LSB Industries Price Performance

Shares of LSB Industries stock traded up $0.04 during trading on Friday, hitting $7.99. The stock had a trading volume of 255,669 shares, compared to its average volume of 401,458. The company has a current ratio of 3.41, a quick ratio of 3.19 and a debt-to-equity ratio of 0.92. LSB Industries has a 12 month low of $6.74 and a 12 month high of $10.59. The firm has a market cap of $571.64 million, a price-to-earnings ratio of 33.29, a P/E/G ratio of 1.43 and a beta of 0.83. The business’s 50-day moving average is $7.92 and its 200 day moving average is $8.30.

LSB Industries (NYSE:LXU) last announced its earnings results on Wednesday, July 31st. The conglomerate reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $140.07 million for the quarter, compared to analyst estimates of $147.09 million. LSB Industries had a return on equity of 1.29% and a net margin of 0.40%. As a group, sell-side analysts anticipate that LSB Industries will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group lowered their target price on shares of LSB Industries from $9.25 to $8.75 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 price objective on shares of LSB Industries in a research note on Monday, August 12th. Finally, Piper Sandler raised their target price on LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.69.

About LSB Industries

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.