LSB Industries Inc. (NYSE: LXU) stock fell -0.95% on Wednesday to $9.43 against a previous-day closing price of $9.52. With 0.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.87 million shares. During the session, the Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $9.56 whereas the lowest price it dropped to was $9.20. The 52-week range on LXU shows that it touched its highest point at $22.23 and its lowest point at $8.15 during that stretch. It currently has a 1-year price target of $14.49. Beta for the stock currently stands at 1.52.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LXU was up-trending over the past week, with a rise of 3.17%, but this was up by 4.31% over a month. Three-month performance dropped to -29.52% while six-month performance fell -29.78%. The stock lost -51.91% in the past year, while it has lost -29.10% so far this year. A look at the trailing 12-month EPS for LXU yields 2.22 with Next year EPS estimates of 1.00. For the next quarter, that number is 0.28. This implies an EPS growth rate of 160.80% for this year and 3.53% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 25.70%.
Float and Shares Shorts:
At present, 75.81 million LXU shares are outstanding with a float of 56.49 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.12 million, which was 2.79% higher than short shares on Mar 30, 2023. In addition to Mr. Mark T. Behrman as the firm’s Pres, CEO & Director, Ms. Cheryl A. Maguire serves as its Exec. VP & CFO.
Through their ownership of 54.76% of LXU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 32.35% of LXU, in contrast to 22.53% held by mutual funds. Shares owned by individuals account for 13.72%. As the largest shareholder in LXU with 6.38% of the stake, BlackRock Fund Advisors holds 4,855,313 shares worth 4,855,313. A second-largest stockholder of LXU, The Vanguard Group, Inc., holds 3,732,080 shares, controlling over 4.90% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in LXU, holding 2,499,631 shares or 3.28% stake. With a 2.30% stake in LXU, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,753,855 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.04% of LXU stock, is the second-largest Mutual Fund holder. It holds 1,552,201 shares valued at 13.86 million. iShares Tr. – US Infrastructure E holds 1.00% of the stake in LXU, owning 765,288 shares worth 6.83 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, LXU reported revenue of $284.80M and operating income of $132.66M. The EBITDA in the recently reported quarter was $153.08M and diluted EPS was $1.15.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LXU since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LXU analysts setting a high price target of $24.00 and a low target of $10.00, the average target price over the next 12 months is $14.63. Based on these targets, LXU could surge 154.51% to reach the target high and rise by 6.04% to reach the target low. Reaching the average price target will result in a growth of 55.14% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded LXU stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 190,282 while 60,403,006 shares were sold.