Lsb Industries (NYSE:LXU) Given New $15.00 Price Target at Jefferies Financial Group

Lsb Industries (NYSE:LXU) had its price target increased by Jefferies Financial Group from $11.00 to $15.00 in a research report sent to investors on Thursday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the conglomerate’s stock.

LXU has been the topic of a number of other reports. Wall Street Zen downgraded shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. 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 cut Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. UBS Group reiterated 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. Finally, Royal Bank Of Canada increased their price target on Lsb Industries from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.94.

Lsb Industries Trading Up 13.6%

LXU stock opened at $15.34 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. Lsb Industries has a 1-year low of $4.88 and a 1-year high of $15.66. The business has a 50 day simple moving average of $10.33 and a two-hundred day simple moving average of $9.22. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 45.10 and a beta of 0.66.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Wednesday, February 25th. The conglomerate reported $0.22 earnings per share (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 firm had revenue of $165.05 million for the quarter, compared to analysts’ expectations of $153.88 million. Research analysts anticipate that Lsb Industries will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Lsb Industries news, Director Barry H. Golsen sold 118,953 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 96,773 shares of the company’s stock, valued at $889,343.87. The trade was a 55.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kristy Carver sold 19,550 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 52,613 shares of the company’s stock, valued at $525,603.87. The trade was a 27.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 387,113 shares of company stock worth $3,731,647. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in shares of Lsb Industries in the 4th quarter worth about $29,000. Russell Investments Group Ltd. lifted its stake in Lsb Industries by 2,900.0% in 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 during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Lsb Industries during the third quarter valued at approximately $42,000. Tower Research Capital LLC TRC grew its stake 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 valued at $47,000 after buying an additional 2,856 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Lsb Industries during the third quarter valued at approximately $94,000. 73.67% of the stock is 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.