Lsb Industries Inc. (NYSE:LXU) Given Consensus Rating of “Hold” by Analysts
by Scott Moore · The Cerbat GemLsb Industries Inc. (NYSE:LXU – Get Free Report) has received a consensus recommendation of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have covered the stock in the last year is $15.1667.
LXU has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Lsb Industries from $9.75 to $16.50 and gave the company a “neutral” rating in a report on Thursday, March 26th. Jefferies Financial Group boosted their target price on shares of Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings upgraded shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $14.00 price target (up from $13.00) on shares of Lsb Industries in a research note on Tuesday, April 7th. Finally, Wall Street Zen upgraded Lsb Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 6th.
Check Out Our Latest Stock Analysis on LXU
Lsb Industries Trading Down 2.1%
Shares of LXU stock opened at $14.88 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.78 and a quick ratio of 2.61. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 23.63 and a beta of 0.48. The stock has a 50 day simple moving average of $13.97 and a 200-day simple moving average of $10.79. Lsb Industries has a 1-year low of $6.15 and a 1-year high of $17.22.
Lsb Industries (NYSE:LXU – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.14. The firm had revenue of $169.49 million for the quarter, compared to analysts’ expectations of $166.19 million. Lsb Industries had a net margin of 7.16% and a return on equity of 9.06%. On average, equities research analysts expect that Lsb Industries will post 0.53 EPS for the current fiscal year.
Insider Activity
In other news, Director Barry H. Golsen sold 17,813 shares of Lsb Industries stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $10.04, for a total value of $178,842.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 46,635 shares of company stock valued at $468,083 over the last quarter. Insiders own 3.00% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in Lsb Industries during the 4th quarter worth $29,000. Russell Investments Group Ltd. grew its holdings 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 buying an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Lsb Industries in the third quarter valued at about $42,000. Tower Research Capital LLC TRC lifted its stake 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 buying an additional 2,856 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Lsb Industries in the third quarter worth about $94,000. 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.