Lsb Industries (NYSE:LXU) Cut to Hold at Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of Lsb Industries (NYSE:LXU – Free Report) from a buy rating to a hold rating in a report published on Saturday morning.

A number of other analysts have also commented on LXU. UBS Group set a $16.00 price target on shares of Lsb Industries and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Lsb Industries in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada dropped their target price on shares of Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.67.

Read Our Latest Stock Analysis on Lsb Industries

Lsb Industries Trading Down 10.0%

Lsb Industries stock opened at $9.79 on Friday. Lsb Industries has a one year low of $7.15 and a one year high of $17.22. The business’s fifty day moving average is $11.55 and its 200 day moving average is $12.31. The stock has a market capitalization of $704.08 million, a PE ratio of 19.57 and a beta of 0.30. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.43 and a quick ratio of 2.31.

Lsb Industries (NYSE:LXU – Get Free Report) last issued its 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). The business had revenue of $168.09 million during the quarter, compared to analysts’ expectations of $155.45 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%. On average, sell-side analysts predict that Lsb Industries will post 0.53 EPS for the current year.

Insider Activity

In other Lsb Industries news, SVP Kristy Carver sold 9,554 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.38, for a total value of $118,278.52. Following the transaction, the senior vice president directly owned 47,452 shares of the company’s stock, valued at approximately $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lynn F. White sold 40,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total transaction of $472,000.00. Following the sale, the director directly owned 202,489 shares of the company’s stock, valued at $2,389,370.20. The trade was a 16.50% decrease in their position. 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

Several large investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC increased its holdings in Lsb Industries by 19.1% during the second quarter. Wedge Capital Management L L P NC now owns 122,432 shares of the conglomerate’s stock valued at $1,323,000 after buying an additional 19,656 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Lsb Industries by 43.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 48,539 shares of the conglomerate’s stock worth $525,000 after acquiring an additional 14,769 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Lsb Industries by 124.7% during the 1st quarter. Bank of America Corp DE now owns 249,021 shares of the conglomerate’s stock worth $3,710,000 after acquiring an additional 138,217 shares during the last quarter. Empowered Funds LLC grew its position in shares of Lsb Industries by 8.4% during the 1st quarter. Empowered Funds LLC now owns 339,458 shares of the conglomerate’s stock valued at $5,058,000 after acquiring an additional 26,410 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of Lsb Industries by 12.5% during the 1st quarter. Quantinno Capital Management LP now owns 50,061 shares of the conglomerate’s stock valued at $746,000 after acquiring an additional 5,578 shares during the period. 73.67% of the stock is currently owned by institutional investors.

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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