Lsb Industries (NYSE:LXU) Posts Earnings Results

Lsb Industries (NYSE:LXU) issued its quarterly earnings results on Wednesday. The conglomerate reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.42), Zacks reports. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%.

Lsb Industries Trading Up 0.3%

NYSE LXU traded up $0.03 during trading hours on Wednesday, hitting $11.46. 890,888 shares of the company’s stock were exchanged, compared to its average volume of 1,113,837. The firm has a market cap of $824.50 million, a price-to-earnings ratio of 18.19 and a beta of 0.34. The stock has a 50-day simple moving average of $11.73 and a 200 day simple moving average of $12.28. The company has a current ratio of 3.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.81. Lsb Industries has a 1-year low of $7.09 and a 1-year high of $17.22.

Insider Activity at Lsb Industries

In other news, SVP Kristy Carver sold 9,554 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.38, for a total transaction of $118,278.52. Following the completion of the sale, the senior vice president owned 47,452 shares of the company’s stock, valued at $587,455.76. This trade represents a 16.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lynn F. White sold 40,000 shares of Lsb Industries stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total transaction of $472,000.00. Following the completion of the sale, the director owned 202,489 shares of the company’s stock, valued at $2,389,370.20. This represents a 16.50% decrease in their position. The SEC filing for this sale provides additional information. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL grew its holdings in Lsb Industries by 581.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 342,894 shares of the conglomerate’s stock worth $2,915,000 after purchasing an additional 292,599 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Lsb Industries in the second quarter valued at $1,694,000. JPMorgan Chase & Co. increased its stake in Lsb Industries by 104.8% in the third 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. Lazard Asset Management LLC raised its holdings in shares of Lsb Industries by 301.7% during the fourth quarter. Lazard Asset Management LLC now owns 205,236 shares of the conglomerate’s stock valued at $1,745,000 after purchasing an additional 154,150 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Lsb Industries by 825.5% during the third quarter. BNP Paribas Financial Markets now owns 166,639 shares of the conglomerate’s stock valued at $1,313,000 after purchasing an additional 148,634 shares during the period. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on LXU. UBS Group set a $16.00 target price on Lsb Industries and gave the company a “neutral” rating in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lsb Industries in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada decreased their price objective on shares of Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, July 17th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Lsb Industries presently has a consensus rating of “Hold” and an average price target of $14.67.

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.