Lsb Industries (NYSE:LXU) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Lsb Industries (NYSE:LXU) from a buy rating to a strong-buy rating in a report published on Monday.

A number of other research firms have also commented on LXU. UBS Group lifted their target price on shares of Lsb Industries from $9.75 to $16.50 and gave the stock a “neutral” rating in a report on Thursday, March 26th. 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 raised shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Royal Bank Of Canada lifted their target price on shares of Lsb Industries from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Jefferies Financial Group lifted their target price on shares of Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, March 12th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.83.

Lsb Industries Price Performance

LXU opened at $15.00 on Monday. The company has a fifty day moving average price of $12.28 and a two-hundred day moving average price of $10.07. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.61 and a current ratio of 2.78. Lsb Industries has a 52 week low of $4.88 and a 52 week high of $17.22. The firm has a market capitalization of $1.08 billion, a PE ratio of 44.10 and a beta of 0.48.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, February 25th. The conglomerate reported $0.22 EPS 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 4.90%. The firm had revenue of $165.05 million during the quarter, compared to analyst estimates of $153.88 million. As a group, analysts anticipate that Lsb Industries will post -0.18 earnings per share for the current year.

Insider Activity

In other news, SVP Kristy Carver sold 19,550 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $9.99, for a total value of $195,304.50. Following the completion of the transaction, the senior vice president owned 52,613 shares of the company’s stock, valued at $525,603.87. The trade was a 27.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barry H. Golsen sold 118,953 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $9.19, for a total transaction of $1,093,178.07. Following the completion of the transaction, the director directly owned 96,773 shares of the company’s stock, valued at $889,343.87. This trade represents a 55.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 387,113 shares of company stock valued at $3,731,647 in the last quarter. Company insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings 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 valued at $2,881,000 after buying an additional 187,108 shares during the period. American Century Companies Inc. grew its holdings in shares of Lsb Industries by 5.8% in the 3rd quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock valued at $15,688,000 after buying an additional 109,944 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Lsb Industries in the 3rd quarter valued at $650,000. Russell Investments Group Ltd. lifted its position in Lsb Industries by 2,900.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 4,350 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Lsb Industries in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

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.