Lsb Industries (NYSE:LXU) Releases Earnings Results, Beats Estimates By $0.04 EPS

Lsb Industries (NYSE:LXU) announced its quarterly earnings data on Wednesday. The conglomerate reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04, Zacks reports. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. The business had revenue of $165.05 million for the quarter, compared to the consensus estimate of $153.88 million.

Lsb Industries Stock Up 0.1%

Shares of NYSE LXU opened at $10.07 on Thursday. The stock has a fifty day moving average price of $9.37 and a 200 day moving average price of $8.84. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89. Lsb Industries has a 12-month low of $4.88 and a 12-month high of $10.44. The company has a market cap of $724.51 million, a P/E ratio of -1,007.10 and a beta of 0.74.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $9.75 price objective (up from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Zacks Research lowered shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $11.00 price target (up from $10.00) on shares of Lsb Industries in a research note on Tuesday, January 20th. Wall Street Zen upgraded shares of Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lsb Industries currently has a consensus rating of “Hold” and an average target price of $10.25.

Insider Transactions at Lsb Industries

In other news, Director Barry H. Golsen sold 17,813 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $10.04, for a total value of $178,842.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kristy Carver sold 19,550 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $9.99, for a total value of $195,304.50. Following the sale, the senior vice president owned 52,613 shares in the company, valued at approximately $525,603.87. The trade was a 27.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 610,823 shares of company stock valued at $5,767,726 over the last quarter. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tudor Investment Corp ET AL raised its stake in Lsb Industries by 581.8% during the fourth quarter. Tudor Investment Corp ET AL now owns 342,894 shares of the conglomerate’s stock valued at $2,915,000 after buying an additional 292,599 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Lsb Industries in the 2nd quarter worth approximately $1,694,000. JPMorgan Chase & Co. grew its position in shares of Lsb Industries by 104.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock worth $2,881,000 after acquiring an additional 187,108 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Lsb Industries by 301.7% in the 4th quarter. Lazard Asset Management LLC now owns 205,236 shares of the conglomerate’s stock valued at $1,745,000 after acquiring an additional 154,150 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Lsb Industries by 825.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 166,639 shares of the conglomerate’s stock valued at $1,313,000 after acquiring an additional 148,634 shares in the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

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.