Lsb Industries (NYSE:LXU) Given New $16.50 Price Target at UBS Group

Lsb Industries (NYSE:LXU) had its price target upped by UBS Group from $9.75 to $16.50 in a report released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the conglomerate’s stock.

Other equities analysts have also issued reports about the stock. Weiss Ratings raised shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Zacks Research lowered Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Jefferies Financial Group increased their target price on Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, March 12th. Wall Street Zen downgraded Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Royal Bank Of Canada upped their price objective on Lsb Industries from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.83.

Lsb Industries Stock Up 6.7%

Shares of Lsb Industries stock opened at $16.87 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.78 and a quick ratio of 2.61. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 49.60 and a beta of 0.66. The firm’s 50-day moving average is $11.50 and its two-hundred day moving average is $9.69. Lsb Industries has a 1 year low of $4.88 and a 1 year high of $17.22.

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

Insider Activity at Lsb Industries

In other Lsb Industries news, Director Barry H. Golsen sold 17,813 shares of the firm’s stock in a transaction that occurred 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, SVP Kristy Carver sold 19,550 shares of Lsb Industries stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total transaction of $195,304.50. Following the completion of the transaction, the senior vice president directly owned 52,613 shares in the company, valued at $525,603.87. This represents a 27.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 387,113 shares of company stock valued at $3,731,647 over the last 90 days. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gendell Jeffrey L raised its stake in Lsb Industries by 3.7% in the fourth quarter. Gendell Jeffrey L now owns 2,134,130 shares of the conglomerate’s stock valued at $18,140,000 after buying an additional 75,323 shares during the last quarter. American Century Companies Inc. boosted its holdings in Lsb Industries by 5.8% in the third quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock worth $15,688,000 after acquiring an additional 109,944 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of Lsb Industries by 1.8% during the second quarter. Systematic Financial Management LP now owns 1,817,498 shares of the conglomerate’s stock worth $14,176,000 after acquiring an additional 32,373 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Lsb Industries by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,280,864 shares of the conglomerate’s stock worth $10,890,000 after acquiring an additional 14,125 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Lsb Industries by 12.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 965,757 shares of the conglomerate’s stock valued at $8,209,000 after acquiring an additional 109,603 shares in the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

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.