LSB Industries (NYSE:LXU) Rating Increased to Hold at Zacks Investment Research

LSB Industries (NYSE:LXU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “LSB Industries, Inc., is a diversified holding company involved in manufacturing operations through its subsidiaries. It manufactures and sells chemical products for the agricultural, mining, and industrial markets. The company operates through Chemical Business which manufactures and sells nitrogen based chemical products including high purity and commercial grade anhydrous ammonia, industrial and fertilizer grade ammonium nitrate, urea ammonium nitrate, nitric acids in various concentrations, nitrogen solutions, diesel exhaust fluid and various other products. It’s Engineered Products Business markets a proprietary line of precision metal working machine tools and industrial performance solutions to customers worldwide. The company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility within a global chemical company’s complex in Baytown, TX. LSB’s products are sold through distributors and directly to end customers throughout the United States. “

Separately, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.



LSB Industries stock traded down $0.07 during mid-day trading on Tuesday, hitting $3.48. The company had a trading volume of 109,149 shares, compared to its average volume of 97,941. The stock has a market cap of $103.57 million, a PE ratio of -0.99 and a beta of 4.28. LSB Industries has a 1 year low of $3.12 and a 1 year high of $10.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.03 and a current ratio of 1.34. The business has a fifty day moving average of $3.67.

LSB Industries (NYSE:LXU) last announced its quarterly earnings results on Tuesday, April 30th. The conglomerate reported ($0.69) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.71) by $0.02. The company had revenue of $94.15 million for the quarter. LSB Industries had a negative net margin of 21.02% and a negative return on equity of 22.24%. As a group, equities analysts expect that LSB Industries will post -2.88 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in LXU. Bank of America Corp DE grew its position in LSB Industries by 8.4% in the 4th quarter. Bank of America Corp DE now owns 41,312 shares of the conglomerate’s stock valued at $228,000 after buying an additional 3,187 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in LSB Industries by 331.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,498 shares of the conglomerate’s stock valued at $28,000 after buying an additional 3,456 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in LSB Industries in the 4th quarter valued at $32,000. Bank of New York Mellon Corp grew its position in LSB Industries by 2.8% in the 4th quarter. Bank of New York Mellon Corp now owns 243,612 shares of the conglomerate’s stock valued at $1,345,000 after buying an additional 6,585 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in LSB Industries by 14.9% in the 4th quarter. California Public Employees Retirement System now owns 52,184 shares of the conglomerate’s stock valued at $288,000 after buying an additional 6,783 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.

LSB Industries Company Profile

LSB Industries, Inc manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. It provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

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