Wall Street Zen Downgrades Lsb Industries (NYSE:LXU) to Hold

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

A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada dropped their price objective on shares of Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, July 17th. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lsb Industries in a research report on Tuesday, July 21st. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.67.

Lsb Industries Price Performance

Lsb Industries stock opened at $10.86 on Friday. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $781.48 million, a PE ratio of 21.73 and a beta of 0.30. Lsb Industries has a 12 month low of $7.15 and a 12 month high of $17.22. The stock has a 50-day moving average price of $11.62 and a two-hundred day moving average price of $12.31.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42). The firm had revenue of $168.09 million for the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. Analysts expect that Lsb Industries will post 0.53 EPS for the current year.

Insider Activity

In other news, Director Lynn F. White sold 40,000 shares of the firm’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 transaction, the director directly owned 202,489 shares in the company, valued at $2,389,370.20. This trade represents a 16.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kristy Carver sold 9,554 shares of Lsb Industries stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.38, for a total value of $118,278.52. Following the completion of the transaction, the senior vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Lsb Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LXU. Kestra Advisory Services LLC acquired a new position in shares of Lsb Industries in the 4th quarter worth approximately $29,000. Russell Investments Group Ltd. boosted its stake in shares of Lsb Industries by 2,900.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Lsb Industries during the third quarter worth $42,000. Tower Research Capital LLC TRC increased its position 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 worth $47,000 after buying an additional 2,856 shares during the period. Finally, Quarry LP bought a new position in Lsb Industries during the third quarter worth $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.