LSB Industries (NYSE:LXU) Shares Down 5.2% – Time to Sell?

LSB Industries, Inc. (NYSE:LXU)’s stock price traded down 5.2% during mid-day trading on Tuesday . The company traded as low as $8.19 and last traded at $8.21. 120,635 shares traded hands during trading, a decline of 68% from the average session volume of 375,286 shares. The stock had previously closed at $8.66.

Analysts Set New Price Targets

LXU has been the subject of several recent research reports. UBS Group upgraded shares of LSB Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.50 to $11.00 in a research note on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price objective on shares of LSB Industries in a research note on Monday, November 4th.

LSB Industries Price Performance

The stock has a market capitalization of $592.31 million, a price-to-earnings ratio of -38.71, a P/E/G ratio of 20.84 and a beta of 0.85. The company has a 50-day moving average of $8.80 and a 200-day moving average of $8.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LXU. SummerHaven Investment Management LLC lifted its stake in shares of LSB Industries by 2.1% during the second quarter. SummerHaven Investment Management LLC now owns 74,836 shares of the conglomerate’s stock valued at $612,000 after buying an additional 1,555 shares during the period. International Assets Investment Management LLC increased its stake in LSB Industries by 1.3% in the second quarter. International Assets Investment Management LLC now owns 114,322 shares of the conglomerate’s stock valued at $935,000 after purchasing an additional 1,495 shares during the last quarter. nVerses Capital LLC acquired a new position in LSB Industries in the second quarter valued at $34,000. American Century Companies Inc. boosted its stake in LSB Industries by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock worth $10,740,000 after buying an additional 135,087 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in LSB Industries by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,364,562 shares of the conglomerate’s stock worth $19,342,000 after buying an additional 37,419 shares during the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

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.