Lsb Industries (NYSE:LXU) Downgraded to Hold Rating by Zacks Research

Lsb Industries (NYSE:LXU) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Wall Street Zen raised shares of Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. UBS Group reiterated a “neutral” rating and issued a $9.75 target price (up previously from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $11.00 price target (up from $10.00) on shares of Lsb Industries in a research report on Tuesday, January 20th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.25.

Lsb Industries Stock Performance

LXU opened at $9.41 on Monday. Lsb Industries has a 1-year low of $4.88 and a 1-year high of $10.17. The company has a market cap of $676.67 million, a price-to-earnings ratio of -940.60 and a beta of 0.74. The company’s fifty day moving average price is $9.07 and its two-hundred day moving average price is $8.63. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89.

Insider Buying and Selling at Lsb Industries

In other Lsb Industries news, SVP Kristy Carver sold 19,550 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $9.99, for a total transaction of $195,304.50. Following the completion of the sale, the senior vice president directly owned 52,613 shares in the company, valued at approximately $525,603.87. The trade was a 27.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barry H. Golsen sold 118,953 shares of the stock in a transaction 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 directly owned 96,773 shares in the company, valued at $889,343.87. The trade was a 55.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 564,188 shares of company stock valued at $5,299,643 in the last 90 days. Company insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Lsb Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its holdings in Lsb Industries by 2,900.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after buying an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Lsb Industries during the third quarter worth $42,000. Tower Research Capital LLC TRC grew its stake in 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 acquiring an additional 2,856 shares in the last quarter. Quarry LP purchased a new position in Lsb Industries during the third quarter valued at $94,000. Finally, Orion Porfolio Solutions LLC increased its holdings in Lsb Industries by 21.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after acquiring an additional 2,148 shares during the last quarter. 73.67% of the stock is currently 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.