Zacks Investment Research Lowers LSB Industries (NYSE:LXU) to Sell

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Zacks Investment Research cut shares of LSB Industries (NYSE:LXU) from a hold rating to a sell rating in a report released on Tuesday morning, 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 upgraded shares of LSB Industries from a hold rating to a buy rating in a report on Tuesday, March 19th.

Shares of LXU stock opened at $3.29 on Tuesday. LSB Industries has a 12 month low of $3.21 and a 12 month high of $10.00. The firm has a market cap of $96.09 million, a PE ratio of -0.94 and a beta of 4.36. The company has a current ratio of 1.34, a quick ratio of 1.03 and a debt-to-equity ratio of 1.29.

LSB Industries (NYSE:LXU) last announced its earnings results on Tuesday, April 30th. The conglomerate reported ($0.69) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.71) by $0.02. LSB Industries had a negative net margin of 21.02% and a negative return on equity of 22.24%. The firm had revenue of $94.15 million for the quarter. As a group, analysts expect that LSB Industries will post -2.14 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of LSB Industries by 331.7% during 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 in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of LSB Industries during the 4th quarter valued at $32,000. Oregon Public Employees Retirement Fund bought a new stake in shares of LSB Industries during the 4th quarter valued at $43,000. Investors Research Corp bought a new stake in shares of LSB Industries during the 1st quarter valued at $55,000. Finally, Millennium Management LLC bought a new stake in shares of LSB Industries during the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 71.30% of the company’s stock.

About LSB Industries

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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