Lsb Industries (NYSE:LXU) Lowered to Hold Rating by Wall Street Zen

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

Other research analysts have also recently issued reports about the company. Weiss Ratings raised Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Royal Bank Of Canada increased their price objective on shares of Lsb Industries from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. UBS Group reissued a “neutral” rating and issued a $9.75 price objective (up from $9.50) on shares of Lsb Industries in a report on Monday, January 12th. Jefferies Financial Group boosted their target price on shares of Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, March 12th. Finally, Zacks Research cut shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Lsb Industries presently has an average rating of “Hold” and a consensus target price of $11.94.

Lsb Industries Stock Performance

Shares of LXU stock opened at $14.61 on Friday. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 42.98 and a beta of 0.66. 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 one year low of $4.88 and a one year high of $15.66. The company’s 50-day moving average is $11.03 and its 200 day moving average is $9.50.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings results 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. The firm had revenue of $165.05 million during the quarter, compared to analysts’ expectations of $153.88 million. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%. Sell-side analysts expect that Lsb Industries will post -0.18 EPS for the current fiscal year.

Insider Activity at Lsb Industries

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

Institutional Trading of Lsb Industries

A number of hedge funds have recently added to or reduced their stakes in LXU. Kestra Advisory Services LLC bought a new stake in Lsb Industries during the fourth quarter valued at about $29,000. Russell Investments Group Ltd. grew its stake in Lsb Industries by 2,900.0% in the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Lsb Industries in the third quarter worth about $42,000. Tower Research Capital LLC TRC lifted its position in shares of Lsb Industries by 90.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after buying an additional 2,856 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Lsb Industries during the third quarter valued at about $94,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

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.