Lsb Industries’ (LXU) Sector Perform Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reissued their sector perform rating on shares of Lsb Industries (NYSE:LXU) in a research note published on Tuesday morning, MarketBeat Ratings reports. The firm currently has a $14.00 price target on the conglomerate’s stock, up from their previous price target of $13.00.

LXU has been the subject of a number of other research reports. UBS Group increased their price objective on Lsb Industries from $9.75 to $16.50 and gave the company a “neutral” rating in a research report on Thursday, March 26th. Weiss Ratings upgraded Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Zacks Research downgraded Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wall Street Zen upgraded Lsb Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Jefferies Financial Group increased their price objective on Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, March 12th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Lsb Industries has an average rating of “Hold” and an average target price of $15.17.

Lsb Industries Price Performance

Shares of NYSE:LXU opened at $14.38 on Tuesday. Lsb Industries has a one year low of $4.88 and a one year high of $17.22. The stock has a fifty day moving average of $12.38 and a 200-day moving average of $10.11. The company has a market capitalization of $1.03 billion, a PE ratio of 42.28 and a beta of 0.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.61 and a current ratio of 2.78.

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

Insider Transactions at Lsb Industries

In other news, SVP Kristy Carver sold 19,550 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $9.99, for a total value of $195,304.50. Following the transaction, the senior vice president directly owned 52,613 shares of the company’s stock, valued at approximately $525,603.87. This represents a 27.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barry H. Golsen sold 118,953 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $9.19, for a total transaction of $1,093,178.07. Following the completion of the transaction, the director directly owned 96,773 shares in the company, valued at $889,343.87. This trade represents a 55.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 387,113 shares of company stock valued at $3,731,647. 4.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Lsb Industries

A number of hedge funds have recently modified their holdings of the stock. Gendell Jeffrey L increased its stake in shares of Lsb Industries by 3.7% in the fourth quarter. Gendell Jeffrey L now owns 2,134,130 shares of the conglomerate’s stock worth $18,140,000 after acquiring an additional 75,323 shares during the last quarter. American Century Companies Inc. increased its stake in shares of 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 during the last quarter. Geode Capital Management LLC increased its stake in shares of Lsb Industries by 1.1% in 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. Charles Schwab Investment Management Inc. increased its stake in shares of Lsb Industries by 12.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 965,757 shares of the conglomerate’s stock worth $8,209,000 after acquiring an additional 109,603 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Lsb Industries by 5.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 523,448 shares of the conglomerate’s stock worth $4,449,000 after acquiring an additional 28,178 shares during the last quarter. 73.67% of the stock is 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.