Lsb Industries Inc. (NYSE:LXU) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Lsb Industries Inc. (NYSE:LXU) have received an average rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $14.6667.

Several analysts have recently weighed in on the company. Royal Bank Of Canada lowered their target price on Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Weiss Ratings lowered shares of Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. UBS Group set a $16.00 price objective on Lsb Industries and gave the company a “neutral” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st.

Insider Buying and Selling at Lsb Industries

In other news, SVP Kristy Carver sold 9,554 shares of Lsb Industries stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.38, for a total transaction of $118,278.52. Following the sale, the senior vice president directly owned 47,452 shares of the company’s stock, valued at approximately $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lynn F. White sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total value of $472,000.00. Following the sale, the director directly 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 disclosure for this sale is available in the SEC filing. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Lsb Industries

Several institutional investors and hedge funds have recently bought and sold shares of LXU. BlackRock Inc. bought a new stake in shares of Lsb Industries in the 2nd quarter worth approximately $50,802,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Lsb Industries in the first quarter valued at about $11,458,000. Hillsdale Investment Management Inc. bought a new position in shares of Lsb Industries during the 1st quarter valued at approximately $4,416,000. Tudor Investment Corp ET AL boosted its holdings in Lsb Industries by 581.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 342,894 shares of the conglomerate’s stock valued at $2,915,000 after acquiring an additional 292,599 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Lsb Industries by 104.8% during 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. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Lsb Industries Price Performance

Lsb Industries stock opened at $9.63 on Friday. Lsb Industries has a 52 week low of $7.15 and a 52 week high of $17.22. The firm’s 50-day simple moving average is $11.29 and its 200 day simple moving average is $12.29. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $693.72 million, a PE ratio of 19.27 and a beta of 0.30.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.42). The company had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%. On average, equities research analysts predict that Lsb Industries will post 0.53 EPS for the current fiscal year.

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.