LSB Industries (NYSE:LXU) Upgraded to “Buy” at Zacks Investment Research

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Zacks Investment Research upgraded shares of LSB Industries (NYSE:LXU) from a hold rating to a buy rating in a research note released on Thursday morning, Zacks.com reports. They currently have $5.75 target price on the conglomerate’s stock.

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 raised shares of LSB Industries from a buy rating to a strong-buy rating in a research report on Tuesday, September 10th.

Shares of LXU stock traded down $0.26 on Thursday, hitting $4.95. 174,581 shares of the stock traded hands, compared to its average volume of 127,510. The firm’s 50-day moving average price is $5.33 and its two-hundred day moving average price is $4.82. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.75 and a current ratio of 1.98. The stock has a market capitalization of $152.82 million, a PE ratio of -1.43 and a beta of 4.33. LSB Industries has a twelve month low of $2.81 and a twelve month high of $9.15.

LSB Industries (NYSE:LXU) last announced its quarterly earnings results on Monday, July 29th. The conglomerate reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.42. LSB Industries had a negative net margin of 11.29% and a negative return on equity of 13.19%. The firm had revenue of $121.53 million for the quarter, compared to analysts’ expectations of $97.55 million. On average, equities research analysts anticipate that LSB Industries will post -2.29 EPS for the current fiscal year.

In related news, Director Richard Roedel bought 19,720 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $5.26 per share, with a total value of $103,727.20. Following the completion of the transaction, the director now directly owns 28,780 shares of the company’s stock, valued at approximately $151,382.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark T. Behrman bought 19,300 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $5.14 per share, for a total transaction of $99,202.00. Following the transaction, the chief executive officer now directly owns 591,384 shares of the company’s stock, valued at $3,039,713.76. The disclosure for this purchase can be found here. Insiders acquired 49,020 shares of company stock worth $245,029 in the last ninety days. 16.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of LXU. BlackRock Inc. increased its stake in LSB Industries by 2.2% during the second quarter. BlackRock Inc. now owns 3,116,020 shares of the conglomerate’s stock worth $12,153,000 after purchasing an additional 67,015 shares during the period. Vanguard Group Inc. increased its stake in LSB Industries by 2.7% during the second quarter. Vanguard Group Inc. now owns 1,351,332 shares of the conglomerate’s stock worth $5,270,000 after purchasing an additional 35,248 shares during the period. Eidelman Virant Capital increased its stake in LSB Industries by 3.5% during the second quarter. Eidelman Virant Capital now owns 460,214 shares of the conglomerate’s stock worth $1,794,000 after purchasing an additional 15,548 shares during the period. Renaissance Technologies LLC increased its stake in LSB Industries by 14.2% during the second quarter. Renaissance Technologies LLC now owns 319,499 shares of the conglomerate’s stock worth $1,246,000 after purchasing an additional 39,800 shares during the period. Finally, Northern Trust Corp increased its stake in LSB Industries by 2.1% during the second quarter. Northern Trust Corp now owns 275,833 shares of the conglomerate’s stock worth $1,076,000 after purchasing an additional 5,595 shares during the period. 70.09% of the stock is currently owned by institutional investors.

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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