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

Lsb Industries Inc. (NYSE:LXU) has received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.1667.

LXU has been the subject of several analyst reports. UBS Group raised their price objective on Lsb Industries from $9.75 to $16.50 and gave the company a “neutral” rating in a research note on Thursday, March 26th. Weiss Ratings raised Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $14.00 price objective (up from $13.00) on shares of Lsb Industries in a research note on Tuesday, April 7th. Zacks Research lowered Lsb Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Jefferies Financial Group raised 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.

Insider Activity

In other news, Director Barry H. Golsen sold 17,813 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $10.04, for a total value of $178,842.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 46,635 shares of company stock valued at $468,083. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lsb Industries

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Lsb Industries by 2.4% during the 1st 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 during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Lsb Industries during the 1st quarter worth approximately $4,416,000. Fifth Third Bancorp bought a new stake in shares of Lsb Industries during the 1st quarter worth approximately $441,000. Y Intercept Hong Kong Ltd lifted its stake in shares of Lsb Industries by 38.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 66,289 shares of the conglomerate’s stock worth $988,000 after acquiring an additional 18,526 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of Lsb Industries during the 1st quarter worth approximately $172,000. 73.67% of the stock is owned by institutional investors.

Lsb Industries Stock Performance

NYSE LXU opened at $13.57 on Friday. The stock has a market capitalization of $975.74 million, a PE ratio of 21.53 and a beta of 0.38. The business has a 50 day simple moving average of $14.22 and a two-hundred day simple moving average of $10.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.07 and a quick ratio of 2.85. Lsb Industries has a 1-year low of $6.51 and a 1-year high of $17.22.

Lsb Industries (NYSE:LXU) last released its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.14. The business had revenue of $169.49 million during the quarter, compared to analysts’ expectations of $166.19 million. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%. On average, 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.