Lsb Industries (NYSE:LXU) Releases Earnings Results, Misses Expectations By $0.42 EPS

Lsb Industries (NYSE:LXU) announced its quarterly earnings data on Wednesday. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.42), Zacks reports. The company had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%.

Lsb Industries Stock Up 0.3%

Shares of NYSE LXU opened at $11.46 on Thursday. The business has a 50-day moving average of $11.70 and a two-hundred day moving average of $12.29. The company has a market capitalization of $824.50 million, a price-to-earnings ratio of 18.19 and a beta of 0.34. Lsb Industries has a 1 year low of $7.09 and a 1 year 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.

Insider Activity

In related news, SVP Kristy Carver sold 9,554 shares of the business’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 transaction of $118,278.52. Following the completion of the sale, the senior vice president owned 47,452 shares in the company, valued at $587,455.76. The trade was a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn F. White sold 40,000 shares of the firm’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 transaction of $472,000.00. Following the sale, the director directly owned 202,489 shares in the company, valued at approximately $2,389,370.20. The trade was a 16.50% decrease in their position. The SEC filing for this sale provides additional information. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lsb Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its position in Lsb Industries by 581.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 342,894 shares of the conglomerate’s stock worth $2,915,000 after purchasing an additional 292,599 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lsb Industries during the second quarter worth about $1,694,000. JPMorgan Chase & Co. grew its holdings in shares of Lsb Industries by 104.8% during the third quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock worth $2,881,000 after buying an additional 187,108 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Lsb Industries by 301.7% during the fourth quarter. Lazard Asset Management LLC now owns 205,236 shares of the conglomerate’s stock worth $1,745,000 after buying an additional 154,150 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Lsb Industries by 825.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 166,639 shares of the conglomerate’s stock valued at $1,313,000 after acquiring an additional 148,634 shares during the period. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank Of Canada lowered their target price on Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating for the company in a research note on Friday, July 17th. UBS Group set a $16.00 price objective on Lsb Industries and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded Lsb Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lsb Industries in a research note on Tuesday, July 21st. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Lsb Industries has an average rating of “Hold” and a consensus price target of $14.67.

About Lsb Industries

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.