Lsb Industries (NYSE:LXU) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Lsb Industries (NYSE:LXU) had its price target lifted by investment analysts at Jefferies Financial Group from $11.00 to $15.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the conglomerate’s stock. Jefferies Financial Group’s target price would indicate a potential downside of 2.23% from the stock’s current price.

A number of other research firms have also recently commented on LXU. Wall Street Zen cut shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday. UBS Group reaffirmed a “neutral” rating and set a $9.75 price objective (up from $9.50) on shares of Lsb Industries in a research report on Monday, January 12th. Zacks Research downgraded Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings raised Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Finally, Royal Bank Of Canada boosted their target price on Lsb Industries from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Lsb Industries has an average rating of “Hold” and an average price target of $11.94.

Lsb Industries Stock Performance

LXU traded up $1.84 on Thursday, reaching $15.34. The company had a trading volume of 4,428,033 shares, compared to its average volume of 845,734. The company’s fifty day moving average is $10.19 and its 200 day moving average is $9.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.61 and a current ratio of 2.78. The stock has a market cap of $1.10 billion, a P/E ratio of 45.11 and a beta of 0.66. Lsb Industries has a fifty-two week low of $4.88 and a fifty-two week high of $15.49.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings data on Wednesday, February 25th. The conglomerate reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%.The firm had revenue of $165.05 million for the quarter, compared to analysts’ expectations of $153.88 million. As a group, analysts predict that Lsb Industries will post -0.18 earnings per share for the current fiscal year.

Insider Activity

In other Lsb Industries news, CFO Cheryl Maguire sold 7,551 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total transaction of $75,510.00. Following the completion of the transaction, the chief financial officer owned 200,719 shares in the company, valued at $2,007,190. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barry H. Golsen sold 17,813 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $10.04, for a total value of $178,842.52. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 417,185 shares of company stock valued at $4,003,497. 4.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lsb Industries

A number of large investors have recently bought and sold shares of LXU. Brandywine Global Investment Management LLC bought a new position in shares of Lsb Industries in the second quarter worth about $2,412,000. Tudor Investment Corp ET AL boosted its holdings in shares of Lsb Industries by 581.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 342,894 shares of the conglomerate’s stock valued at $2,915,000 after purchasing an additional 292,599 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Lsb Industries in the second quarter worth about $1,694,000. JPMorgan Chase & Co. raised its holdings in Lsb Industries by 104.8% in the third quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock worth $2,881,000 after purchasing an additional 187,108 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in Lsb Industries by 301.7% during the 4th quarter. Lazard Asset Management LLC now owns 205,236 shares of the conglomerate’s stock valued at $1,745,000 after buying an additional 154,150 shares in the last quarter. Hedge funds and other institutional investors 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.