Lsb Industries (NYSE:LXU) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Lsb Industries (NYSE:LXU) from a buy rating to a hold rating in a report published on Saturday.

A number of other brokerages also recently commented on LXU. UBS Group set a $16.00 price objective on shares of Lsb Industries and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada cut their target price 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lsb Industries in a research note on Tuesday, July 21st. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Lsb Industries currently has an average rating of “Hold” and a consensus price target of $14.67.

Lsb Industries Trading Down 1.6%

Shares of NYSE LXU opened at $10.86 on Friday. Lsb Industries has a one year low of $7.15 and a one year high of $17.22. The firm has a market capitalization of $781.48 million, a PE ratio of 21.73 and a beta of 0.34. The company has a current ratio of 2.43, a quick ratio of 2.85 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $11.62 and a two-hundred day moving average price of $12.29.

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

Insider Activity

In related news, SVP Kristy Carver sold 9,554 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.38, for a total value 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 approximately $587,455.76. The trade was a 16.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lynn F. White sold 40,000 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total value of $472,000.00. Following the transaction, the director directly owned 202,489 shares in the company, valued at approximately $2,389,370.20. This represents a 16.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Lsb Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Krilogy Financial LLC lifted its stake in shares of Lsb Industries by 48.6% in the fourth quarter. Krilogy Financial LLC now owns 308,343 shares of the conglomerate’s stock worth $2,621,000 after buying an additional 100,800 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Lsb Industries during the 1st quarter worth $11,458,000. JPMorgan Chase & Co. grew its stake in 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 last quarter. Hillsdale Investment Management Inc. bought a new position in Lsb Industries in the 1st quarter worth $4,416,000. Finally, Renaissance Technologies LLC raised its holdings in Lsb Industries by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock worth $26,708,000 after acquiring an additional 46,613 shares during the period. Institutional investors and hedge funds own 73.67% of the company’s stock.

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.