Lsb Industries Inc. (NYSE:LXU) Given Average Recommendation of “Hold” by Brokerages

Lsb Industries Inc. (NYSE:LXU) has been given an average recommendation of “Hold” by the five research firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $15.3333.

LXU has been the topic of several research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $15.00 price objective (up from $14.00) on shares of Lsb Industries in a research note on Monday, May 11th. Weiss Ratings upgraded Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Jefferies Financial Group upped their price objective on Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, March 12th. UBS Group set a $16.00 price objective on Lsb Industries and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded Lsb Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 14th.

Lsb Industries Price Performance

Shares of NYSE LXU opened at $10.77 on Friday. Lsb Industries has a twelve month low of $7.09 and a twelve month high of $17.22. The stock’s 50 day moving average price is $13.18 and its 200-day moving average price is $11.86. The company has a market capitalization of $774.58 million, a PE ratio of 17.09 and a beta of 0.31. The company has a quick ratio of 2.85, a current ratio of 3.07 and a debt-to-equity ratio of 0.81.

Lsb Industries (NYSE:LXU) last announced its earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.14. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%.The firm had revenue of $169.49 million for the quarter, compared to the consensus estimate of $166.19 million. On average, equities analysts anticipate that Lsb Industries will post 0.53 EPS for the current year.

Insider Activity at Lsb Industries

In related news, Director Lynn F. White sold 40,000 shares of the company’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 transaction, the director owned 202,489 shares in the company, valued at approximately $2,389,370.20. This represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kristy Carver sold 9,554 shares of the company’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 value of $118,278.52. Following the completion of the transaction, the senior vice president owned 47,452 shares in the company, valued at approximately $587,455.76. The trade was a 16.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lsb Industries

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of Lsb Industries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate’s stock worth $36,241,000 after acquiring an additional 57,999 shares in the last quarter. Gendell Jeffrey L lifted its position in shares of Lsb Industries by 3.7% during the fourth quarter. Gendell Jeffrey L now owns 2,134,130 shares of the conglomerate’s stock worth $18,140,000 after acquiring an additional 75,323 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Lsb Industries by 5.8% during the third quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock worth $15,688,000 after acquiring an additional 109,944 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Lsb Industries by 2.7% during the first 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 in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Lsb Industries by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,280,864 shares of the conglomerate’s stock worth $10,890,000 after acquiring an additional 14,125 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.