LSB Industries, Inc. (NYSE:LXU) Given Consensus Recommendation of “Hold” by Brokerages

LSB Industries, Inc. (NYSE:LXUGet Free Report) has received an average rating of “Hold” from the five analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $11.96.

LXU has been the topic of a number of research analyst reports. Piper Sandler lowered LSB Industries from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $11.50 to $8.00 in a report on Thursday, February 29th. UBS Group lowered their target price on LSB Industries from $9.00 to $7.75 and set a “neutral” rating on the stock in a report on Wednesday, March 6th.

Read Our Latest Stock Analysis on LXU

LSB Industries Stock Performance

Shares of NYSE LXU opened at $8.74 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.45 and a current ratio of 3.68. The firm has a market cap of $638.02 million, a price-to-earnings ratio of 23.62 and a beta of 1.10. The business’s 50-day simple moving average is $7.79 and its 200-day simple moving average is $8.65. LSB Industries has a 52 week low of $6.74 and a 52 week high of $11.69.

LSB Industries (NYSE:LXUGet Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The conglomerate reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The company had revenue of $132.61 million for the quarter, compared to analyst estimates of $127.62 million. LSB Industries had a net margin of 4.70% and a return on equity of 4.91%. As a group, equities research analysts expect that LSB Industries will post 0.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other LSB Industries news, EVP John Burns sold 33,243 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $8.25, for a total value of $274,254.75. Following the completion of the sale, the executive vice president now owns 164,529 shares in the company, valued at approximately $1,357,364.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.60% of the company’s stock.

Institutional Trading of LSB Industries

A number of hedge funds have recently modified their holdings of LXU. BlackRock Inc. lifted its position in shares of LSB Industries by 11.4% during the 1st quarter. BlackRock Inc. now owns 5,675,146 shares of the conglomerate’s stock worth $58,624,000 after buying an additional 580,232 shares during the period. Vanguard Group Inc. lifted its position in shares of LSB Industries by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 3,538,070 shares of the conglomerate’s stock worth $32,939,000 after buying an additional 60,808 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of LSB Industries by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,525,077 shares of the conglomerate’s stock worth $23,509,000 after buying an additional 18,965 shares during the period. Gendell Jeffrey L lifted its position in shares of LSB Industries by 32.1% during the 4th quarter. Gendell Jeffrey L now owns 1,993,357 shares of the conglomerate’s stock worth $18,558,000 after buying an additional 484,535 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of LSB Industries by 14.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,802,145 shares of the conglomerate’s stock worth $18,436,000 after buying an additional 221,743 shares during the period. Institutional investors own 73.67% of the company’s stock.

About LSB Industries

(Get Free Report

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.

See Also

Analyst Recommendations for LSB Industries (NYSE:LXU)

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