Lsb Industries (NYSE:LXU) Downgraded by Wall Street Zen to “Buy”

Lsb Industries (NYSE:LXU) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

Several other analysts have also issued reports on LXU. Weiss Ratings upgraded Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. UBS Group set a $16.00 price target on Lsb Industries and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $15.00 price objective (up from $14.00) on shares of Lsb Industries in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.33.

Lsb Industries Stock Up 1.2%

NYSE:LXU traded up $0.13 on Friday, hitting $10.90. 412,108 shares of the company’s stock were exchanged, compared to its average volume of 735,908. The firm has a 50-day moving average price of $12.44 and a 200-day moving average price of $12.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.07 and a quick ratio of 2.85. Lsb Industries has a 52 week low of $7.09 and a 52 week high of $17.22. The company has a market cap of $784.15 million, a P/E ratio of 17.30 and a beta of 0.34.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.14. The company had revenue of $169.49 million during the quarter, compared to the consensus estimate of $166.19 million. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. As a group, analysts expect that Lsb Industries will post 0.53 EPS for the current fiscal year.

Insider Activity

In related news, SVP Kristy Carver sold 9,554 shares of the firm’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 completion of the sale, the senior vice president directly owned 47,452 shares in the company, valued at approximately $587,455.76. This trade represents a 16.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $472,000.00. Following 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 disclosure for this sale is available in the SEC filing. 3.00% of the stock is owned by insiders.

Institutional Trading of Lsb Industries

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in shares of Lsb Industries during the 4th quarter worth approximately $29,000. Russell Investments Group Ltd. increased its holdings in shares of 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 acquiring an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Lsb Industries in the 3rd quarter valued at $42,000. Tower Research Capital LLC TRC raised its stake in Lsb Industries by 90.3% in the 2nd 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 period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Lsb Industries during the 4th quarter valued at $97,000. 73.67% of the stock is owned by institutional investors and hedge funds.

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.