Lsb Industries Inc. (NYSE:LXU) Receives Average Recommendation of “Moderate Buy” from Analysts

by · The Cerbat Gem

Lsb Industries Inc. (NYSE:LXU – Get Free Report) has been given an average rating of “Moderate Buy” by the five research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.8333.

A number of equities research analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and issued a $9.50 target price (up previously from $9.25) on shares of Lsb Industries in a research report on Thursday, October 30th. Zacks Research raised shares of Lsb Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wall Street Zen raised shares of Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Royal Bank Of Canada increased their price objective on shares of Lsb Industries from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday.

Get Our Latest Stock Analysis on Lsb Industries

Lsb Industries Stock Up 2.3%

Lsb Industries stock opened at $8.51 on Thursday. The company has a 50 day moving average of $8.88 and a 200-day moving average of $8.44. The company has a quick ratio of 2.63, a current ratio of 2.84 and a debt-to-equity ratio of 0.89. Lsb Industries has a twelve month low of $4.88 and a twelve month high of $9.98. The stock has a market capitalization of $612.21 million, a PE ratio of -851.00 and a beta of 0.81.

Lsb Industries (NYSE:LXU – Get Free Report) last announced its earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. The firm had revenue of $155.43 million during the quarter, compared to analyst estimates of $138.30 million. On average, equities research analysts anticipate that Lsb Industries will post -0.18 EPS for the current fiscal year.

Insider Activity

In other news, Director Barry H. Golsen sold 30,072 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $9.04, for a total value of $271,850.88. Following the completion of the sale, the director owned 156,954 shares of the company’s stock, valued at approximately $1,418,864.16. This represents a 16.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 223,710 shares of company stock worth $2,036,079. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

A number of institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in Lsb Industries by 2,900.0% in the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Lsb Industries in the 3rd quarter valued at about $42,000. Tower Research Capital LLC TRC raised its holdings in shares of Lsb Industries by 90.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 2,856 shares during the period. Quarry LP acquired a new stake in Lsb Industries in the 3rd quarter valued at about $94,000. Finally, Orion Porfolio Solutions LLC grew its holdings in Lsb Industries by 21.0% during the third quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock worth $97,000 after purchasing an additional 2,148 shares during the period. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Lsb Industries Company Profile

(Get Free Report)

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.

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