Lsb Industries (NYSE:LXU) Price Target Raised to $13.00

Lsb Industries (NYSE:LXU) had its price target upped by Royal Bank Of Canada from $11.00 to $13.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the conglomerate’s stock.

Other equities research analysts also recently issued research reports about the company. Zacks Research downgraded Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Wall Street Zen upgraded shares of Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, UBS Group reaffirmed 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, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.92.

Lsb Industries Price Performance

Lsb Industries stock opened at $11.61 on Friday. Lsb Industries has a 1 year low of $4.88 and a 1 year high of $11.78. 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 firm has a 50 day moving average price of $9.49 and a 200 day moving average price of $8.90. The company has a market cap of $834.03 million, a price-to-earnings ratio of 34.14 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 company had revenue of $165.05 million for the quarter, compared to the consensus estimate of $153.88 million. Sell-side analysts predict that Lsb Industries will post -0.18 earnings per share for the current year.

Insider Buying and Selling at Lsb Industries

In other news, Director Barry H. Golsen sold 17,813 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $10.04, for a total value of $178,842.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Cheryl Maguire sold 7,551 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $10.00, for a total transaction of $75,510.00. Following the sale, the chief financial officer directly owned 200,719 shares of the company’s stock, valued at approximately $2,007,190. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 610,823 shares of company stock valued at $5,767,726 over the last 90 days. 4.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lsb Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in Lsb Industries in the fourth quarter valued at about $29,000. Russell Investments Group Ltd. increased its holdings in shares of 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 acquiring an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Lsb Industries during the 3rd quarter valued at approximately $42,000. Tower Research Capital LLC TRC raised its position in shares of Lsb Industries by 90.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after acquiring an additional 2,856 shares in the last quarter. Finally, Quarry LP bought a new position in Lsb Industries during the third quarter worth $94,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

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.