Lsb Industries (NYSE:LXU) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Lsb Industries (NYSE:LXU) from a hold rating to a buy rating in a research report report published on Sunday morning.

A number of other research analysts have also issued reports on LXU. Zacks Research lowered Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Jefferies Financial Group boosted their price target on shares of Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, March 12th. UBS Group upped their price objective on shares of Lsb Industries from $9.75 to $16.50 and gave the stock a “neutral” rating in a research report on Thursday. Weiss Ratings raised shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Finally, Royal Bank Of Canada lifted their target price on shares of Lsb Industries from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Lsb Industries has a consensus rating of “Hold” and a consensus price target of $14.83.

Lsb Industries Stock Performance

NYSE LXU opened at $16.28 on Friday. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 47.88 and a beta of 0.66. Lsb Industries has a twelve month low of $4.88 and a twelve month high of $17.22. The company has a current ratio of 2.78, a quick ratio of 2.61 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $11.64 and a 200 day moving average of $9.77.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings data on Wednesday, February 25th. The conglomerate reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $165.05 million for the quarter, compared to analyst estimates of $153.88 million. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%. Sell-side analysts anticipate that Lsb Industries will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling at Lsb Industries

In other news, Director Barry H. Golsen sold 17,813 shares of the business’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 transaction of $178,842.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Cheryl Maguire sold 7,551 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $10.00, for a total value of $75,510.00. Following the completion of the sale, the chief financial officer owned 200,719 shares of the company’s stock, valued at $2,007,190. This trade represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 387,113 shares of company stock worth $3,731,647. Insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Gendell Jeffrey L boosted its stake in 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 buying an additional 75,323 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Lsb Industries by 5.8% in the 3rd 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 during the last quarter. Systematic Financial Management LP raised its holdings in shares of Lsb Industries by 1.8% during the 2nd quarter. Systematic Financial Management LP now owns 1,817,498 shares of the conglomerate’s stock worth $14,176,000 after acquiring an additional 32,373 shares during the period. Geode Capital Management LLC boosted its position in shares of Lsb Industries by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,280,864 shares of the conglomerate’s stock valued at $10,890,000 after acquiring an additional 14,125 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Lsb Industries by 12.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,757 shares of the conglomerate’s stock valued at $8,209,000 after acquiring an additional 109,603 shares during the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

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.