Lsb Industries Inc. (NYSE:LXU) Receives Average Rating of “Hold” from Brokerages

Lsb Industries Inc. (NYSE:LXU) has been assigned a consensus rating of “Hold” from the five research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $14.6667.

Several brokerages have commented on LXU. UBS Group set a $16.00 target price on Lsb Industries and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Wall Street Zen cut Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Royal Bank Of Canada raised Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a report on Monday, August 10th. Finally, Weiss Ratings cut Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th.

Lsb Industries Stock Up 2.9%

Shares of Lsb Industries stock opened at $11.68 on Thursday. The company has a 50-day simple moving average of $10.83 and a two-hundred day simple moving average of $12.47. The stock has a market capitalization of $840.74 million, a PE ratio of 23.35 and a beta of 0.31. Lsb Industries has a 52-week low of $7.71 and a 52-week high of $17.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42). Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. The firm had revenue of $168.09 million for the quarter, compared to analysts’ expectations of $155.45 million. On average, analysts anticipate that Lsb Industries will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Lsb Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in shares of Lsb Industries by 7.4% in the first quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock worth $257,000 after acquiring an additional 2,692 shares during the period. Empowered Funds LLC bought a new position in Lsb Industries during the first quarter valued at approximately $697,000. JPMorgan Chase & Co. boosted its holdings in Lsb Industries by 22.3% in the second quarter. JPMorgan Chase & Co. now owns 178,493 shares of the conglomerate’s stock worth $1,392,000 after purchasing an additional 32,516 shares during the last quarter. Rhumbline Advisers boosted its holdings in Lsb Industries by 1.8% in the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock worth $700,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Lsb Industries in the 2nd quarter worth approximately $1,694,000. Institutional investors own 73.67% of the company’s stock.

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.