Royal Bank Of Canada Raises Lsb Industries (NYSE:LXU) Price Target to $13.00

Lsb Industries (NYSE:LXU) had its target price lifted by Royal Bank Of Canada from $11.00 to $13.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 11.99% from the stock’s current price.

A number of other brokerages have also commented on LXU. Zacks Research lowered shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, UBS Group reissued a “neutral” rating and issued a $9.75 price objective (up from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.92.

Lsb Industries Trading Up 0.6%

LXU opened at $11.61 on Friday. Lsb Industries has a 1-year low of $4.88 and a 1-year high of $11.78. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89. The company has a market cap of $835.08 million, a P/E ratio of 34.14 and a beta of 0.74. The company’s 50 day moving average is $9.49 and its 200-day moving average is $8.89.

Lsb Industries (NYSE:LXU) last posted its earnings results on Wednesday, February 25th. The conglomerate reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Lsb Industries had a net margin of 4.00% and a return on equity of 4.95%. The firm had revenue of $165.05 million for the quarter, compared to analysts’ expectations of $153.88 million. Equities research analysts predict that Lsb Industries will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Barry H. Golsen sold 17,813 shares of Lsb Industries stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $10.04, for a total transaction of $178,842.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Cheryl Maguire sold 7,551 shares of Lsb Industries stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total value of $75,510.00. Following the sale, the chief financial officer directly owned 200,719 shares of the company’s stock, valued at approximately $2,007,190. This trade represents a 3.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 610,823 shares of company stock worth $5,767,726. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Lsb Industries

A number of hedge funds have recently made changes to their positions in LXU. Kestra Advisory Services LLC purchased a new stake in Lsb Industries during the 4th quarter valued at about $29,000. Russell Investments Group Ltd. boosted its stake in shares of Lsb Industries by 2,900.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Lsb Industries during the 3rd quarter worth approximately $42,000. Tower Research Capital LLC TRC grew its stake in Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 2,856 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Lsb Industries in the 4th quarter worth about $97,000. 73.67% of the stock is currently owned by institutional investors.

Lsb Industries Company Profile

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.