Royal Bank Of Canada Reiterates Sector Perform Rating for Lsb Industries (NYSE:LXU)

Lsb Industries (NYSE:LXU)‘s stock had its “sector perform” rating restated by research analysts at Royal Bank Of Canada in a report released on Tuesday, Marketbeat.com reports. They currently have a $14.00 target price on the conglomerate’s stock, up from their previous target price of $13.00. Royal Bank Of Canada’s target price points to a potential downside of 6.64% from the company’s current price.

Other analysts have also recently issued reports about the company. Jefferies Financial Group increased their price objective on Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, March 12th. Zacks Research cut Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wall Street Zen raised Lsb Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings raised Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Finally, UBS Group increased their price objective on Lsb Industries from $9.75 to $16.50 and gave the stock a “neutral” rating in a research report on Thursday, March 26th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, Lsb Industries has a consensus rating of “Hold” and a consensus price target of $15.17.

Lsb Industries Trading Up 0.6%

NYSE:LXU opened at $15.00 on Tuesday. The stock’s 50 day moving average price is $12.28 and its 200 day moving average price is $10.07. The company has a market capitalization of $1.08 billion, a PE ratio of 44.10 and a beta of 0.48. The company has a quick ratio of 2.61, a current ratio of 2.78 and a debt-to-equity ratio of 0.85. Lsb Industries has a 52-week low of $4.88 and a 52-week high of $17.22.

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

Insider Activity

In other news, CFO Cheryl Maguire sold 7,551 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total value of $75,510.00. Following the completion of the sale, the chief financial officer directly owned 200,719 shares of the company’s stock, valued at $2,007,190. This trade represents a 3.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kristy Carver sold 19,550 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $9.99, for a total value of $195,304.50. Following the completion of the sale, the senior vice president directly owned 52,613 shares of the company’s stock, valued at $525,603.87. This represents a 27.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 387,113 shares of company stock valued at $3,731,647 in the last three months. 4.30% of the stock is currently owned by company insiders.

Institutional Trading of Lsb Industries

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in Lsb Industries by 7.4% during the first quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock worth $257,000 after purchasing an additional 2,692 shares during the last quarter. Empowered Funds LLC acquired a new position in Lsb Industries during the first quarter worth $697,000. JPMorgan Chase & Co. raised its holdings in Lsb Industries by 22.3% during the second quarter. JPMorgan Chase & Co. now owns 178,493 shares of the conglomerate’s stock worth $1,392,000 after purchasing an additional 32,516 shares during the last quarter. Rhumbline Advisers raised its holdings in Lsb Industries by 1.8% during the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock worth $700,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Lsb Industries during the second quarter worth $1,694,000. 73.67% of the stock is owned by institutional investors and hedge funds.

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.