Lsb Industries (NYSE:LXU) Raised to Buy at Wall Street Zen

Lsb Industries (NYSE:LXU) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Several other equities analysts also recently commented on the company. Zacks Research downgraded Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. UBS Group boosted their price target on Lsb Industries from $9.75 to $16.50 and gave the stock a “neutral” rating in a report on Thursday, March 26th. Royal Bank Of Canada upped their price objective on Lsb Industries from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Weiss Ratings upgraded shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Finally, Jefferies Financial Group lifted their target price on shares of Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.83.

Lsb Industries Stock Performance

NYSE LXU opened at $15.78 on Friday. The firm’s fifty day moving average price is $11.76 and its two-hundred day moving average price is $9.83. The stock has a market cap of $1.13 billion, a PE ratio of 46.40 and a beta of 0.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.61 and a current ratio of 2.78. Lsb Industries has a fifty-two week low of $4.88 and a fifty-two week high of $17.22.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $165.05 million during the quarter, compared to analysts’ expectations of $153.88 million. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%. On average, equities analysts expect that Lsb Industries will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling at Lsb Industries

In other news, Director Barry H. Golsen sold 17,813 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $10.04, for a total transaction of $178,842.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kristy Carver sold 19,550 shares of Lsb Industries stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 52,613 shares in the company, valued at approximately $525,603.87. This represents a 27.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 387,113 shares of company stock worth $3,731,647. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of Lsb Industries in the 4th quarter valued at $29,000. Russell Investments Group Ltd. increased its position in shares of Lsb Industries by 2,900.0% during the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after buying an additional 4,350 shares during the period. Aquatic Capital Management LLC bought a new position in Lsb Industries during the third quarter worth $42,000. Tower Research Capital LLC TRC raised its stake in Lsb Industries by 90.3% during the second 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 during the last quarter. Finally, Quarry LP acquired a new position in Lsb Industries in the third quarter valued at $94,000. 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.