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

Shares of Lsb Industries Inc. (NYSE:LXU) have been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.6667.

Several equities research analysts have recently weighed in on LXU shares. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Royal Bank Of Canada reduced their target price on shares of Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Finally, Weiss Ratings downgraded Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday.

Lsb Industries Stock Performance

Shares of LXU opened at $9.63 on Friday. Lsb Industries has a 12-month low of $7.15 and a 12-month high of $17.22. 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 firm has a market cap of $693.72 million, a PE ratio of 19.27 and a beta of 0.30. The company’s 50 day simple moving average is $11.29 and its 200-day simple moving average is $12.29.

Lsb Industries (NYSE:LXU) last released its quarterly 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). Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%.The firm had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. As a group, equities analysts predict that Lsb Industries will post 0.53 EPS for the current year.

Insider Transactions at Lsb Industries

In related news, Director Lynn F. White sold 40,000 shares of Lsb Industries stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total transaction of $472,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, the senior vice president owned 47,452 shares in the company, valued at $587,455.76. The trade was a 16.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Lsb Industries

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Lsb Industries during the second quarter worth approximately $50,802,000. Arrowstreet Capital Limited Partnership acquired a new position in Lsb Industries in the first quarter valued at approximately $11,458,000. Hillsdale Investment Management Inc. acquired a new position in Lsb Industries in the first quarter valued at approximately $4,416,000. Tudor Investment Corp ET AL boosted its holdings in shares of 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 buying an additional 292,599 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Lsb Industries by 104.8% during the 3rd 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. 73.67% of the stock is currently owned by institutional investors and hedge funds.

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.