Brokerages Set Lsb Industries Inc. (NYSE:LXU) PT at $14.67

Lsb Industries Inc. (NYSE:LXU) has earned a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.6667.

LXU has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. UBS Group set a $16.00 price target on Lsb Industries and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada upgraded Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target for the company in a research report on Monday, August 10th.

Lsb Industries Price Performance

NYSE LXU opened at $10.26 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. The company has a market cap of $738.72 million, a PE ratio of 20.52 and a beta of 0.30. Lsb Industries has a 52 week low of $7.51 and a 52 week high of $17.22. The firm’s 50-day simple moving average is $11.01 and its two-hundred day simple moving average is $12.31.

Lsb Industries (NYSE:LXU) last posted its earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.42). Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%.The business had revenue of $168.09 million during the quarter, compared to analysts’ expectations of $155.45 million. Research analysts predict that Lsb Industries will post 0.53 earnings per share for the current year.

Insider Transactions at Lsb Industries

In other Lsb Industries news, Director Lynn F. White sold 40,000 shares of Lsb Industries 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 transaction, the director owned 202,489 shares of the company’s stock, valued at $2,389,370.20. The trade was a 16.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kristy Carver sold 9,554 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $12.38, for a total value of $118,278.52. Following the sale, the senior vice president owned 47,452 shares in the company, valued at approximately $587,455.76. This represents a 16.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

A number of large investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Lsb Industries during the 2nd quarter worth approximately $50,802,000. Robotti Robert bought a new position in Lsb Industries in the 2nd quarter valued at $22,914,000. Arrowstreet Capital Limited Partnership bought a new position in Lsb Industries in the 1st quarter valued at $11,458,000. Hillsdale Investment Management Inc. purchased a new position in shares of Lsb Industries during the 1st quarter valued at $4,416,000. Finally, Tudor Investment Corp ET AL grew its position in shares of Lsb Industries by 581.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 342,894 shares of the conglomerate’s stock valued at $2,915,000 after purchasing an additional 292,599 shares in the last quarter. 73.67% of the stock is currently owned by 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.