Lsb Industries (NYSE:LXU) Issues Quarterly Earnings Results, Misses Estimates By $0.42 EPS

Lsb Industries (NYSE:LXU) announced its earnings results on Wednesday. The conglomerate reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42), Zacks reports. Lsb Industries had a return on equity of 7.03% and a net margin of 5.58%.The business had revenue of $168.09 million during the quarter, compared to the consensus estimate of $155.45 million.

Lsb Industries Price Performance

LXU stock traded down $0.28 during mid-day trading on Friday, hitting $10.76. 86,878 shares of the stock were exchanged, compared to its average volume of 1,109,343. The business has a fifty day moving average price of $11.66 and a 200 day moving average price of $12.30. Lsb Industries has a 12 month low of $7.15 and a 12 month high of $17.22. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.07 and a quick ratio of 2.85. The stock has a market capitalization of $774.06 million, a price-to-earnings ratio of 21.56 and a beta of 0.34.

Analysts Set New Price Targets

LXU has been the subject of a number of research analyst reports. Wall Street Zen downgraded Lsb Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Royal Bank Of Canada decreased their price objective on shares of Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Friday, July 17th. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Lsb Industries in a research report on Tuesday, July 21st. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.67.

Insider Activity

In other Lsb Industries news, Director Lynn F. White sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total value of $472,000.00. Following the completion of the sale, the director owned 202,489 shares of the company’s stock, valued at $2,389,370.20. This represents a 16.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kristy Carver sold 9,554 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.38, for a total value of $118,278.52. Following the completion of the sale, the senior vice president directly owned 47,452 shares of the company’s stock, valued at approximately $587,455.76. This represents a 16.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LXU. Kestra Advisory Services LLC purchased a new stake in shares of Lsb Industries in the 4th quarter valued at $29,000. Russell Investments Group Ltd. raised its position in Lsb Industries by 2,900.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 4,350 shares during the period. Aquatic Capital Management LLC bought a new stake in Lsb Industries in the third quarter worth $42,000. Tower Research Capital LLC TRC lifted its stake in 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 purchasing an additional 2,856 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Lsb Industries during the fourth quarter valued at about $97,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

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.