Lsb Industries (NYSE:LXU) Given New $13.00 Price Target at Royal Bank Of Canada

Lsb Industries (NYSE:LXU) had its price target raised by equities research analysts at Royal Bank Of Canada from $11.00 to $13.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the conglomerate’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 12.26% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. UBS Group reiterated a “neutral” rating and issued a $9.75 price objective (up from $9.50) on shares of Lsb Industries in a report on Monday, January 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Zacks Research lowered shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Wall Street Zen upgraded shares of Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.92.

Lsb Industries Stock Performance

Shares of LXU stock traded up $0.04 during trading on Friday, reaching $11.58. 309,018 shares of the company’s stock traded hands, compared to its average volume of 511,301. Lsb Industries has a 1 year low of $4.88 and a 1 year high of $11.73. The company has a market capitalization of $833.07 million, a P/E ratio of 34.10 and a beta of 0.74. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89. The firm’s 50-day moving average is $9.43 and its 200 day moving average is $8.85.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $165.05 million for the quarter, compared to analysts’ expectations of $153.88 million. Lsb Industries had a return on equity of 4.95% and a net margin of 4.00%. Equities research analysts expect that Lsb Industries will post -0.18 EPS for the current year.

Insider Buying and Selling

In related news, SVP Kristy Carver sold 19,550 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total transaction of $195,304.50. Following the sale, the senior vice president owned 52,613 shares in the company, valued at approximately $525,603.87. This represents a 27.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Barry H. Golsen sold 118,953 shares of Lsb Industries stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $9.19, for a total transaction of $1,093,178.07. Following the transaction, the director directly owned 96,773 shares of the company’s stock, valued at $889,343.87. The trade was a 55.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 610,823 shares of company stock valued at $5,767,726. Company insiders own 4.30% of the company’s stock.

Institutional Trading of Lsb Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LXU. Kestra Advisory Services LLC bought a new position in shares of Lsb Industries during the fourth quarter valued at approximately $29,000. Russell Investments Group Ltd. lifted its position in shares of Lsb Industries by 2,900.0% during the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Lsb Industries during the third quarter valued at $42,000. Tower Research Capital LLC TRC grew its holdings in shares of Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 2,856 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Lsb Industries in the fourth quarter worth about $97,000. 73.67% of the stock is 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.