UBS Group Forecasts Strong Price Appreciation for Lsb Industries (NYSE:LXU) Stock

Lsb Industries (NYSE:LXU) had its price objective raised by equities research analysts at UBS Group from $9.75 to $16.50 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the conglomerate’s stock. UBS Group’s price objective would suggest a potential upside of 1.35% from the stock’s current price.

A number of other research analysts have also commented on LXU. Zacks Research lowered Lsb Industries from a “strong-buy” rating to a “hold” rating in a research note 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 increased their price objective on shares of Lsb Industries from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Jefferies Financial Group raised their price objective on shares of Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, March 12th. Finally, Wall Street Zen lowered shares of Lsb Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lsb Industries currently has a consensus rating of “Hold” and an average price target of $14.83.

Lsb Industries Trading Down 3.6%

Shares of LXU opened at $16.28 on Thursday. The stock’s 50-day moving average price is $11.64 and its 200 day moving average price is $9.75. 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 capitalization of $1.17 billion, a price-to-earnings ratio of 47.88 and a beta of 0.66. Lsb Industries has a 12-month low of $4.88 and a 12-month high of $17.22.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, February 25th. The conglomerate reported $0.22 EPS for the quarter, topping 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, research analysts predict that Lsb Industries will post -0.18 earnings per share for the current year.

Insider Activity at Lsb Industries

In other Lsb Industries news, CFO Cheryl Maguire sold 7,551 shares of Lsb Industries stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total transaction of $75,510.00. Following the completion of the transaction, the chief financial officer directly owned 200,719 shares of the company’s stock, valued at approximately $2,007,190. This trade represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $195,304.50. Following the completion of the sale, the senior vice president owned 52,613 shares in the company, valued at $525,603.87. This represents a 27.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 387,113 shares of company stock valued at $3,731,647 in the last 90 days. 4.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lsb Industries

A number of hedge funds have recently made changes to their positions in LXU. Kestra Advisory Services LLC bought a new position in Lsb Industries during the 4th quarter valued at about $29,000. Russell Investments Group Ltd. grew its stake in Lsb Industries by 2,900.0% during the third 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 during the last quarter. Aquatic Capital Management LLC bought a new stake in Lsb Industries during the third quarter worth about $42,000. Tower Research Capital LLC TRC increased 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 worth $47,000 after buying an additional 2,856 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Lsb Industries in the fourth quarter valued at approximately $97,000. 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.