The stock of LSB Industries, Inc. (NYSE:LXU) is a huge mover today! About 556,896 shares traded hands. LSB Industries, Inc. (NYSE:LXU) has declined 41.85% since April 8, 2016 and is downtrending. It has underperformed by 47.49% the S&P500.
The move comes after 5 months positive chart setup for the $233.39 million company. It was reported on Nov, 10 by Barchart.com. We have $22.48 PT which if reached, will make NYSE:LXU worth $420.10 million more.
LSB Industries, Inc. (NYSE:LXU) Ratings Coverage
Out of 2 analysts covering LSB Industries (NYSE:LXU), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. LSB Industries has been the topic of 3 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, March 2 by Feltl & Co. The firm has “Hold” rating given on Thursday, August 13 by Zacks. The company was maintained on Wednesday, March 9 by Avondale.
According to Zacks Investment Research, “LSB Industries, Inc. is a diversified holding company which is engaged, through its subsidiaries, in the manufacture and sale of chemical products for the explosives, agricultural and industrial acids markets; the manufacture and sale of a broad range of hydronic fan coils and water source heat pumps as well as other products used in commercial and residential air conditioning systems; and the manufacture or purchase and sale of certain automotive and industrial products, including automotive bearings and other automotive replacement parts.”
Insitutional Activity: The institutional sentiment decreased to 1.24 in Q2 2016. Its down 0.23, from 1.47 in 2016Q1. The ratio worsened, as 17 funds sold all LSB Industries, Inc. shares owned while 33 reduced positions. 19 funds bought stakes while 43 increased positions. They now own 18.61 million shares or 15.09% more from 16.17 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement System accumulated 19,372 shares or 0% of the stock. Arizona State Retirement System accumulated 0% or 10,620 shares. Atwood Palmer Inc, a Missouri-based fund reported 650 shares. Moors Cabot holds 29,900 shares or 0.06% of its portfolio. Cullen Limited Co, a New York-based fund reported 12,000 shares. Vnbtrust National Association holds 50,750 shares or 0.36% of its portfolio. New York State Common Retirement Fund has invested 0% of its portfolio in LSB Industries, Inc. (NYSE:LXU). Hatteras Funds Limited has 26,600 shares for 1.79% of their US portfolio. Ameriprise Financial Inc, a Minnesota-based fund reported 388,360 shares. Eidelman Virant has 534,066 shares for 3.97% of their US portfolio. Metropolitan Life Insur Company Ny accumulated 0% or 14,697 shares. California Employees Retirement Sys has 104,500 shares for 0% of their US portfolio. Price T Rowe Assoc Md holds 0% of its portfolio in LSB Industries, Inc. (NYSE:LXU) for 19,364 shares. The New York-based Weber Alan W has invested 0.55% in LSB Industries, Inc. (NYSE:LXU). Connor Clark & Lunn Investment Management Limited accumulated 0.02% or 182,100 shares.
Insider Transactions: Since May 19, 2016, the stock had 0 buys, and 1 sale for $410,376 net activity. Shares for $410,376 were sold by LSB Funding LLC on Thursday, May 19.
More notable recent LSB Industries, Inc. (NYSE:LXU) news were published by: Businesswire.com which released: “LSB Industries, Inc. Exploring Strategic Alternatives” on November 03, 2016, also Reuters.com with their article: “BRIEF-Lsb Industries Inc reports Q3 loss per share of $2.25” published on November 04, 2016, Businesswire.com published: “LSB Industries, Inc. Announces Successful Completion of Consent Solicitation” on September 07, 2016. More interesting news about LSB Industries, Inc. (NYSE:LXU) were released by: Businesswire.com and their article: “LSB Industries, Inc. Provides Update on Its Pryor, Oklahoma Facility” published on October 19, 2016 as well as Businesswire.com‘s news article titled: “LSB Industries, Inc. Announces That Its El Dorado, Arkansas Facility Ammonia …” with publication date: August 05, 2016.
LXU Company Profile
LSB Industries, Inc., incorporated on January 21, 1977, is a diversified holding firm engaged in manufacturing activities through its subsidiaries. The Company’s divisions are Chemical Business, Climate Control Business and Other. The Company’s Chemical Business segment makes and sells nitrogen chemical products for the agricultural, industrial and mining markets. It produces chemical products from approximately four facilities located in El Dorado, Arkansas; Cherokee, Alabama; Pryor, Oklahoma, and Baytown, Texas. The Company’s Climate Control Business makes and sells a range of heating, ventilation and air conditioning (HVAC) products that include water source and geothermal heat pumps, hydronic fan coils, custom air handlers, modular geothermal and other chillers, and other related services and products. These products are used in commercial or institutional and residential new buildings construction, renovation of existing buildings and replacement of existing systems. The Company’s climate control business makes and distributes its products from approximately seven facilities located in Oklahoma City, Oklahoma. The Company’s Other segment sells industrial machinery and related components to machine tool dealers and end users located in North America.
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