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

Shares of Lsb Industries Inc. (NYSE:LXU) have received a consensus recommendation of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.6667.

LXU has been the subject of several recent research reports. Weiss Ratings cut Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Royal Bank Of Canada raised shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a report on Monday, August 10th. Wall Street Zen cut shares of Lsb Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, UBS Group set a $16.00 target price on shares of Lsb Industries and gave the company a “neutral” rating in a report on Wednesday, May 13th.

Lsb Industries Stock Up 3.5%

Shares of NYSE LXU opened at $11.57 on Thursday. Lsb Industries has a 12-month low of $7.71 and a 12-month high of $17.22. The stock has a market cap of $832.73 million, a PE ratio of 23.13 and a beta of 0.31. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $10.76 and a 200 day moving average of $12.42.

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 analysts’ consensus estimates of $0.33 by ($0.42). The business had revenue of $168.09 million during the quarter, compared to analysts’ expectations of $155.45 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%. As a group, sell-side analysts predict that Lsb Industries will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling at Lsb Industries

In other Lsb Industries news, Director Lynn F. White sold 40,000 shares of the company’s 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 owned 202,489 shares of the company’s stock, valued at $2,389,370.20. This represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kristy Carver sold 9,554 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.38, for a total transaction of $118,278.52. Following the transaction, the senior vice president directly owned 47,452 shares of the company’s stock, valued at approximately $587,455.76. This trade represents 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 owned by company insiders.

Hedge Funds Weigh In On Lsb Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of LXU. California State Teachers Retirement System grew its position in Lsb Industries by 23,282.8% in the 2nd quarter. California State Teachers Retirement System now owns 681,376 shares of the conglomerate’s stock valued at $7,366,000 after acquiring an additional 678,462 shares in the last quarter. AXQ Capital LP increased its position in Lsb Industries by 4.8% during the second quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate’s stock worth $505,000 after buying an additional 2,144 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Lsb Industries by 156.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,403 shares of the conglomerate’s stock worth $296,000 after buying an additional 16,714 shares during the period. Beacon Pointe Advisors LLC purchased a new stake in shares of Lsb Industries during the second quarter worth approximately $252,000. Finally, Empowered Funds LLC purchased a new position in Lsb Industries during the second quarter worth about $3,845,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

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.