Royal Bank Of Canada Has Lowered Expectations for Lsb Industries (NYSE:LXU) Stock Price

Lsb Industries (NYSE:LXU) had its target price decreased by research analysts at Royal Bank Of Canada from $15.00 to $13.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the conglomerate’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 14.08% from the stock’s previous close.

LXU has been the subject of a number of other reports. Wall Street Zen cut shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Lsb Industries presently has a consensus rating of “Hold” and a consensus price target of $14.67.

Lsb Industries Trading Up 2.9%

Shares of LXU stock traded up $0.33 on Friday, reaching $11.40. The company had a trading volume of 309,804 shares, compared to its average volume of 1,129,729. The stock has a market cap of $819.83 million, a PE ratio of 18.10 and a beta of 0.34. The company has a 50-day moving average of $12.17 and a 200-day moving average of $12.10. The company has a current ratio of 3.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.81. Lsb Industries has a 12 month low of $7.09 and a 12 month high of $17.22.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.14. The firm had revenue of $169.49 million during the quarter, compared to analysts’ expectations of $166.19 million. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%. On average, equities analysts forecast that Lsb Industries will post 0.53 earnings per share for the current year.

Insider Transactions at Lsb Industries

In other Lsb Industries news, SVP Kristy Carver sold 9,554 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.38, for a total transaction of $118,278.52. Following the transaction, the senior vice president owned 47,452 shares in the company, valued at $587,455.76. This represents a 16.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the director directly owned 202,489 shares in the company, valued at $2,389,370.20. This represents a 16.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Krilogy Financial LLC increased its position in shares of Lsb Industries by 48.6% in the fourth quarter. Krilogy Financial LLC now owns 308,343 shares of the conglomerate’s stock worth $2,621,000 after purchasing an additional 100,800 shares during the period. JPMorgan Chase & Co. lifted its position in 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 purchasing an additional 187,108 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Lsb Industries during the first quarter worth about $4,416,000. Y Intercept Hong Kong Ltd increased its holdings in Lsb Industries by 38.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 66,289 shares of the conglomerate’s stock valued at $988,000 after buying an additional 18,526 shares during the period. Finally, MQS Management LLC bought a new position in Lsb Industries in the 1st quarter valued at about $172,000. 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.