Lsb Industries (NYSE:LXU) Trading 6.9% Higher – What’s Next?
by Mitch Edgeman · The Markets DailyLsb Industries Inc. (NYSE:LXU – Get Free Report)’s share price rose 6.9% on Wednesday . The stock traded as high as $9.97 and last traded at $9.9350. Approximately 335,195 shares changed hands during trading, a decline of 34% from the average daily volume of 505,641 shares. The stock had previously closed at $9.29.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Zacks Research raised shares of Lsb Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. UBS Group reissued a “neutral” rating and set a $9.75 price objective (up previously from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $11.00 price objective (up previously from $10.00) on shares of Lsb Industries in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.25.
Check Out Our Latest Analysis on LXU
Lsb Industries Trading Up 7.2%
The firm has a 50-day moving average price of $8.99 and a 200-day moving average price of $8.55. The stock has a market cap of $716.16 million, a PE ratio of -995.50 and a beta of 0.75. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.63 and a current ratio of 2.84.
Lsb Industries (NYSE:LXU – Get Free Report) last issued its earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $155.43 million during the quarter, compared to analysts’ expectations of $138.30 million. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. As a group, equities analysts anticipate that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.
Insider Activity at Lsb Industries
In other Lsb Industries news, Director Barry H. Golsen sold 118,953 shares of the 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 sale, the director directly owned 96,773 shares in the company, valued at approximately $889,343.87. This trade represents a 55.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kristy Carver sold 19,550 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total value of $195,304.50. Following the completion of the transaction, the senior vice president owned 52,613 shares of the company’s stock, valued at $525,603.87. This represents a 27.09% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 445,208 shares of company stock valued at $4,103,442. 4.70% of the stock is owned by corporate insiders.
Institutional Trading of Lsb Industries
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in shares of Lsb Industries by 7.4% during the 1st quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock valued at $257,000 after buying an additional 2,692 shares in the last quarter. Empowered Funds LLC bought a new stake in Lsb Industries during the 1st quarter worth approximately $697,000. Rhumbline Advisers raised its stake in Lsb Industries by 5.2% during the 1st quarter. Rhumbline Advisers now owns 88,188 shares of the conglomerate’s stock worth $581,000 after acquiring an additional 4,334 shares during the period. Geode Capital Management LLC boosted its position in shares of Lsb Industries by 1.1% in the second quarter. Geode Capital Management LLC now owns 1,261,020 shares of the conglomerate’s stock worth $9,838,000 after purchasing an additional 14,313 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Lsb Industries by 22.3% in the second quarter. JPMorgan Chase & Co. now owns 178,493 shares of the conglomerate’s stock worth $1,392,000 after purchasing an additional 32,516 shares during the period. Hedge funds and other institutional investors own 73.67% of the company’s stock.
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.