Royal Bank Of Canada Lowers Lsb Industries (NYSE:LXU) Price Target to $13.00

Lsb Industries (NYSE:LXU) had its price target dropped by Royal Bank Of Canada from $15.00 to $13.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the conglomerate’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 13.89% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Wall Street Zen lowered shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, UBS Group set a $16.00 price target on shares of Lsb Industries and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.67.

Lsb Industries Trading Up 3.1%

NYSE:LXU opened at $11.41 on Friday. Lsb Industries has a 1 year low of $7.09 and a 1 year high of $17.22. The stock has a market cap of $821.20 million, a price-to-earnings ratio of 18.12 and a beta of 0.34. The business has a fifty day moving average of $12.12 and a 200-day moving average of $12.10. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.85 and a current ratio of 3.07.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.14. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%.The company had revenue of $169.49 million for the quarter, compared to analyst estimates of $166.19 million. Equities analysts predict that Lsb Industries will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Lsb Industries

In related news, SVP Kristy Carver sold 9,554 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.38, for a total transaction of $118,278.52. Following the completion of the transaction, the senior vice president owned 47,452 shares of the company’s stock, valued at $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lynn F. White sold 40,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total transaction of $472,000.00. Following the completion of the sale, the director owned 202,489 shares in the company, valued at approximately $2,389,370.20. This trade represents a 16.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Lsb Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wedge Capital Management L L P NC lifted its stake in Lsb Industries by 19.1% during the second quarter. Wedge Capital Management L L P NC now owns 122,432 shares of the conglomerate’s stock valued at $1,323,000 after purchasing an additional 19,656 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Lsb Industries by 43.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 48,539 shares of the conglomerate’s stock worth $525,000 after buying an additional 14,769 shares in the last quarter. Bank of America Corp DE grew its position in Lsb Industries by 124.7% in the first quarter. Bank of America Corp DE now owns 249,021 shares of the conglomerate’s stock worth $3,710,000 after buying an additional 138,217 shares during the last quarter. Empowered Funds LLC grew its position in Lsb Industries by 8.4% in the first quarter. Empowered Funds LLC now owns 339,458 shares of the conglomerate’s stock worth $5,058,000 after buying an additional 26,410 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Lsb Industries by 12.5% in the first quarter. Quantinno Capital Management LP now owns 50,061 shares of the conglomerate’s stock valued at $746,000 after buying an additional 5,578 shares in the last quarter. 73.67% of the stock is currently owned by 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.