Lsb Industries (NYSE:LXU) Reaches New 12-Month High – Should You Buy?

Lsb Industries Inc. (NYSE:LXU) shares reached a new 52-week high on Wednesday . The stock traded as high as $10.03 and last traded at $9.81, with a volume of 96956 shares. The stock had previously closed at $9.64.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Zacks Research raised shares of Lsb Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. UBS Group reissued a “neutral” rating and issued a $9.75 price target (up from $9.50) on shares of Lsb Industries in a research note on Monday. Wall Street Zen raised shares of Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Royal Bank Of Canada lifted their price target on shares of Lsb Industries from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.92.

Lsb Industries Price Performance

The stock has a market capitalization of $716.52 million, a P/E ratio of -996.00 and a beta of 0.75. The business’s 50 day simple moving average is $8.97 and its two-hundred day simple moving average is $8.52. The company has a quick ratio of 2.63, a current ratio of 2.84 and a debt-to-equity ratio of 0.89.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. The business had revenue of $155.43 million for the quarter, compared to analysts’ expectations of $138.30 million. As a group, sell-side analysts forecast that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lsb Industries news, Director Barry H. Golsen sold 56,744 shares of Lsb Industries stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $9.10, for a total transaction of $516,370.40. Following the transaction, the director owned 132,611 shares of the company’s stock, valued at $1,206,760.10. This trade represents a 29.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 399,407 shares of company stock valued at $3,645,627. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LXU. Russell Investments Group Ltd. raised its stake in shares of Lsb Industries by 2,900.0% during 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 purchased a new position in Lsb Industries in the third quarter valued at about $42,000. Tower Research Capital LLC TRC grew its position in shares of Lsb Industries by 90.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after acquiring an additional 2,856 shares during the period. Quarry LP purchased a new stake in shares of Lsb Industries during the 3rd quarter worth approximately $94,000. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of Lsb Industries by 21.0% in 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. Hedge funds and other institutional investors own 73.67% of the company’s stock.

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.