Lsb Industries Inc. (NYSE:LXU) Receives Average Recommendation of “Hold” from Analysts

Shares of Lsb Industries Inc. (NYSE:LXU) have received an average recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $14.6667.

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Royal Bank Of Canada cut their price target on shares of Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating on the stock in a report on Friday. UBS Group set a $16.00 price objective on shares of Lsb Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th.

Insider Buying and Selling

In related news, SVP Kristy Carver sold 9,554 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.38, for a total transaction of $118,278.52. Following the completion of the transaction, the senior vice president owned 47,452 shares in the company, valued at $587,455.76. The trade was a 16.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lynn F. White sold 40,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total value of $472,000.00. Following the transaction, the director owned 202,489 shares of the company’s stock, valued at approximately $2,389,370.20. The trade was a 16.50% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Lsb Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Krilogy Financial LLC increased its holdings in Lsb Industries by 48.6% during the 4th quarter. Krilogy Financial LLC now owns 308,343 shares of the conglomerate’s stock worth $2,621,000 after purchasing an additional 100,800 shares during the period. JPMorgan Chase & Co. raised its position in Lsb Industries by 104.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock valued at $2,881,000 after purchasing an additional 187,108 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in Lsb Industries during the 1st quarter valued at $4,416,000. Renaissance Technologies LLC lifted its holdings in shares of Lsb Industries by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock worth $26,708,000 after buying an additional 46,613 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Lsb Industries in the 1st quarter worth $11,458,000. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Lsb Industries Stock Performance

NYSE:LXU opened at $11.41 on Wednesday. The firm has a market capitalization of $821.20 million, a PE ratio of 18.12 and a beta of 0.34. The stock’s fifty day moving average is $12.12 and its 200 day moving average is $12.12. Lsb Industries has a fifty-two week low of $7.09 and a fifty-two week high of $17.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.85 and a current ratio of 3.07.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $0.27 EPS for the quarter, topping the consensus estimate of $0.13 by $0.14. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. The company had revenue of $169.49 million during the quarter, compared to analyst estimates of $166.19 million. On average, sell-side analysts anticipate that Lsb Industries will post 0.53 earnings per share for the current year.

About Lsb Industries

LSB Industries, Inc (NYSE: LXU) is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.

Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.