Lsb Industries (NYSE:LXU) Rating Lowered to Hold at Wall Street Zen

Lsb Industries (NYSE:LXU) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other research firms have also weighed in on LXU. UBS Group reaffirmed a “neutral” rating and set a $9.75 target price (up from $9.50) on shares of Lsb Industries in a report on Monday, January 12th. Zacks Research lowered shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings raised shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Royal Bank Of Canada upped their price objective on shares of Lsb Industries from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Jefferies Financial Group increased their target price on shares of Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.94.

Lsb Industries Stock Down 0.2%

Lsb Industries stock opened at $14.61 on Friday. The business’s 50-day moving average price is $11.03 and its 200 day moving average price is $9.49. The company has a quick ratio of 2.61, a current ratio of 2.78 and a debt-to-equity ratio of 0.85. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 42.98 and a beta of 0.66. Lsb Industries has a 52 week low of $4.88 and a 52 week high of $15.66.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.22 earnings per share (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, sell-side analysts anticipate that Lsb Industries will post -0.18 earnings per share for the current year.

Insider Activity at Lsb Industries

In related news, SVP Kristy Carver sold 19,550 shares of the business’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 completion of the sale, the senior vice president owned 52,613 shares of the company’s stock, valued at approximately $525,603.87. The trade was a 27.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barry H. Golsen sold 17,813 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $10.04, for a total transaction of $178,842.52. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 387,113 shares of company stock valued at $3,731,647. 4.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LXU. Kestra Advisory Services LLC purchased a new position in Lsb Industries in the 4th quarter valued at about $29,000. Russell Investments Group Ltd. increased its stake in Lsb Industries by 2,900.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after buying an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Lsb Industries during the third quarter valued at approximately $42,000. Tower Research Capital LLC TRC raised its holdings 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 acquiring an additional 2,856 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Lsb Industries in the third quarter valued at approximately $94,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

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.