Lsb Industries (NYSE:LXU) Downgraded by Zacks Research to Hold

Lsb Industries (NYSE:LXU) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

LXU has been the subject of several other research reports. Wall Street Zen upgraded shares of Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $11.00 price target (up previously from $10.00) on shares of Lsb Industries in a research report on Tuesday, January 20th. Finally, UBS Group restated a “neutral” rating and set a $9.75 price objective (up from $9.50) on shares of Lsb Industries in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Lsb Industries currently has a consensus rating of “Hold” and an average price target of $10.25.

Lsb Industries Stock Up 2.8%

Shares of LXU opened at $9.41 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63. The stock has a market capitalization of $676.67 million, a price-to-earnings ratio of -940.60 and a beta of 0.74. Lsb Industries has a 1 year low of $4.88 and a 1 year high of $10.17. The business’s 50 day simple moving average is $9.07 and its 200-day simple moving average is $8.63.

Insider Buying and Selling

In related news, Director Barry H. Golsen sold 118,953 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $9.19, for a total transaction of $1,093,178.07. Following the completion of the sale, the director directly owned 96,773 shares of the company’s stock, valued at approximately $889,343.87. This trade represents a 55.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kristy Carver sold 19,550 shares of Lsb Industries stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total value 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. This trade represents a 27.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 564,188 shares of company stock worth $5,299,643. Insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Lsb Industries

Several large investors have recently added to or reduced their stakes in LXU. Russell Investments Group Ltd. grew its stake 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 acquiring an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Lsb Industries in the third quarter valued at approximately $42,000. Tower Research Capital LLC TRC grew 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 in the last quarter. Quarry LP bought a new position in Lsb Industries in the third quarter worth approximately $94,000. Finally, Orion Porfolio Solutions LLC increased its holdings in Lsb Industries by 21.0% during the 3rd 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 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.