Lsb Industries Inc. (NYSE:LXU) Receives Consensus Recommendation of “Hold” from Brokerages

Lsb Industries Inc. (NYSE:LXU) has received a consensus recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $15.3333.

Several brokerages recently weighed in on LXU. Royal Bank Of Canada restated a “sector perform” rating and set a $15.00 price objective (up from $14.00) on shares of Lsb Industries in a research report on Monday, May 11th. Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. UBS Group set a $16.00 target price on Lsb Industries and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday.

Insider Activity at Lsb Industries

In other Lsb Industries news, Director Lynn F. White sold 40,000 shares of the 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 completion of the sale, the director owned 202,489 shares in the company, valued at approximately $2,389,370.20. This trade represents a 16.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Kristy Carver sold 9,554 shares of Lsb Industries stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.38, for a total value of $118,278.52. Following the sale, the senior vice president owned 47,452 shares in the company, valued at $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Lsb Industries

Several institutional investors have recently added to or reduced their stakes in LXU. Arrowstreet Capital Limited Partnership purchased a new stake in Lsb Industries in the first quarter worth $11,458,000. Hillsdale Investment Management Inc. bought a new stake in shares of Lsb Industries during the first quarter valued at about $4,416,000. Tudor Investment Corp ET AL increased its holdings in Lsb Industries by 581.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 342,894 shares of the conglomerate’s stock worth $2,915,000 after acquiring an additional 292,599 shares during the period. JPMorgan Chase & Co. raised its position in shares of Lsb Industries by 104.8% in the third quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock worth $2,881,000 after buying an additional 187,108 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Lsb Industries by 301.7% in the 4th quarter. Lazard Asset Management LLC now owns 205,236 shares of the conglomerate’s stock valued at $1,745,000 after acquiring an additional 154,150 shares in the last quarter. Institutional investors own 73.67% of the company’s stock.

Lsb Industries Stock Performance

NYSE:LXU opened at $11.18 on Wednesday. Lsb Industries has a fifty-two week low of $7.09 and a fifty-two week high of $17.22. The stock has a fifty day moving average price of $12.28 and a 200-day moving average price of $12.07. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.85 and a current ratio of 3.07. The company has a market cap of $804.29 million, a price-to-earnings ratio of 17.75 and a beta of 0.34.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.14. The firm had revenue of $169.49 million for the quarter, compared to the consensus estimate of $166.19 million. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. As a group, equities analysts anticipate that Lsb Industries will post 0.53 EPS for the current fiscal year.

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.