Brokerages Set Lsb Industries Inc. (NYSE:LXU) Target Price at $11.94

Shares of Lsb Industries Inc. (NYSE:LXU) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $11.9375.

A number of brokerages have commented on LXU. Zacks Research downgraded shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Jefferies Financial Group raised their price target on shares of Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday. Weiss Ratings raised shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Wall Street Zen cut Lsb Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Finally, UBS Group restated a “neutral” rating and issued a $9.75 target price (up from $9.50) on shares of Lsb Industries in a research report on Monday, January 12th.

Lsb Industries Trading Down 3.3%

Shares of NYSE LXU opened at $14.93 on Thursday. Lsb Industries has a 1-year low of $4.88 and a 1-year high of $15.66. The stock has a market capitalization of $1.07 billion, a P/E ratio of 43.92 and a beta of 0.66. The business has a fifty day moving average price of $10.46 and a 200 day moving average price of $9.27. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.78 and a quick ratio of 2.61.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $165.05 million for the quarter, compared to analyst estimates of $153.88 million. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%. Equities research analysts expect that Lsb Industries will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kristy Carver sold 19,550 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $9.99, for a total value of $195,304.50. Following the sale, the senior vice president directly owned 52,613 shares in the company, valued at approximately $525,603.87. The trade was a 27.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Cheryl Maguire sold 7,551 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $10.00, for a total transaction of $75,510.00. Following the completion of the transaction, the chief financial officer directly owned 200,719 shares in the company, valued at $2,007,190. The trade was a 3.63% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 387,113 shares of company stock valued at $3,731,647. 4.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lsb Industries

Several large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in Lsb Industries in the 4th quarter valued at approximately $29,000. Russell Investments Group Ltd. lifted its stake in 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 purchasing an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Lsb Industries during the third quarter worth $42,000. Tower Research Capital LLC TRC boosted its position in shares of 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 period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Lsb Industries in the fourth quarter valued at $97,000. 73.67% of the stock is currently 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.