Lsb Industries (NYSE:LXU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lsb Industries (NYSE:LXU) from a hold rating to a buy rating in a research report released on Sunday morning.

Other analysts have also recently issued reports about the stock. Weiss Ratings upgraded shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. UBS Group upped their price target on shares of Lsb Industries from $9.75 to $16.50 and gave the company a “neutral” rating in a research note on Thursday, March 26th. Zacks Research cut shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Jefferies Financial Group lifted their price objective 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. Finally, Royal Bank Of Canada boosted their price objective on shares of Lsb Industries from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Lsb Industries currently has a consensus rating of “Hold” and an average price target of $14.83.

Lsb Industries Trading Down 5.6%

Shares of NYSE:LXU opened at $14.90 on Friday. The business’s 50-day moving average is $11.87 and its 200 day moving average is $9.88. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.78 and a quick ratio of 2.61. Lsb Industries has a 1 year low of $4.88 and a 1 year high of $17.22. The firm has a market capitalization of $1.07 billion, a P/E ratio of 43.81 and a beta of 0.66.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%.The business had revenue of $165.05 million during the quarter, compared to the consensus estimate of $153.88 million. On average, research analysts predict that Lsb Industries will post -0.18 earnings per share for the current fiscal year.

Insider Activity at Lsb Industries

In other Lsb Industries news, Director Barry H. Golsen sold 17,813 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $10.04, for a total transaction of $178,842.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kristy Carver sold 19,550 shares of Lsb Industries stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $9.99, for a total transaction of $195,304.50. Following the sale, the senior vice president owned 52,613 shares of the company’s stock, valued at approximately $525,603.87. The trade was a 27.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 387,113 shares of company stock worth $3,731,647 over the last quarter. Insiders own 4.70% of the company’s stock.

Institutional Trading of Lsb Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its stake in shares of Lsb Industries by 5.9% in the second quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock worth $14,671,000 after buying an additional 104,355 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Lsb Industries during the third quarter valued at approximately $650,000. JB Capital Partners LP purchased a new position in Lsb Industries during the second quarter valued at approximately $529,000. Wedge Capital Management L L P NC lifted its holdings in Lsb Industries by 6.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 136,834 shares of the conglomerate’s stock valued at $1,163,000 after acquiring an additional 7,794 shares during the period. Finally, Systematic Financial Management LP lifted its holdings in Lsb Industries by 1.8% in the second quarter. Systematic Financial Management LP now owns 1,817,498 shares of the conglomerate’s stock valued at $14,176,000 after acquiring an additional 32,373 shares during the period. Institutional investors and hedge funds own 73.67% of the company’s stock.

Lsb Industries Company Profile

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.