Lsb Industries (NYSE:LXU) Reaches New 12-Month High on Analyst Upgrade

Lsb Industries Inc. (NYSE:LXU)’s share price hit a new 52-week high on Thursday after Jefferies Financial Group raised their price target on the stock from $11.00 to $15.00. Jefferies Financial Group currently has a hold rating on the stock. Lsb Industries traded as high as $15.19 and last traded at $15.0150, with a volume of 1664048 shares trading hands. The stock had previously closed at $13.50.

Several other research firms have also weighed in on LXU. Royal Bank Of Canada increased their price objective on shares of Lsb Industries from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Wall Street Zen cut shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Zacks Research lowered Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings raised shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Finally, UBS Group restated a “neutral” rating and set a $9.75 price target (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 and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.94.

Insider Transactions at Lsb Industries

In related news, SVP Kristy Carver sold 19,550 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total transaction of $195,304.50. Following the transaction, the senior vice president directly owned 52,613 shares of the company’s stock, valued at approximately $525,603.87. The trade was a 27.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Cheryl Maguire sold 7,551 shares of the stock in a transaction dated 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 approximately $2,007,190. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 387,113 shares of company stock valued at $3,731,647 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

A number of large investors have recently made changes to their positions in LXU. Kestra Advisory Services LLC acquired a new stake in shares of Lsb Industries during the fourth quarter worth approximately $29,000. Russell Investments Group Ltd. increased 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 valued at $35,000 after buying an additional 4,350 shares during the period. Aquatic Capital Management LLC purchased a new stake in Lsb Industries in the 3rd quarter worth approximately $42,000. Tower Research Capital LLC TRC lifted its position in Lsb Industries by 90.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after buying an additional 2,856 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Lsb Industries during the 4th quarter valued at $97,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Lsb Industries Stock Down 3.3%

The business’s 50 day simple moving average is $10.46 and its 200-day simple moving average is $9.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.61 and a current ratio of 2.78. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 43.92 and a beta of 0.66.

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

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.