Lsb Industries (NYSE:LXU) Upgraded to “Strong-Buy” at Wall Street Zen

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

Several other analysts have also recently issued reports on LXU. Royal Bank Of Canada increased their price target 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. UBS Group lifted their price objective on shares of Lsb Industries from $9.75 to $16.50 and gave the company a “neutral” rating in a report on Thursday, March 26th. Weiss Ratings raised shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. 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 report on Thursday, March 12th. Finally, Zacks Research cut shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.83.

Lsb Industries Price Performance

LXU stock opened at $14.90 on Monday. The business’s fifty day moving average price is $12.18 and its 200 day moving average price is $10.02. Lsb Industries has a 12-month low of $4.88 and a 12-month high of $17.22. The company has a current ratio of 2.78, a quick ratio of 2.61 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $1.07 billion, a PE ratio of 43.83 and a beta of 0.48.

Lsb Industries (NYSE:LXU) last announced its earnings results on Wednesday, February 25th. The conglomerate reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $165.05 million during the quarter, compared to analysts’ expectations of $153.88 million. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%. On average, sell-side analysts anticipate that Lsb Industries will post -0.18 EPS for the current year.

Insider Activity at Lsb Industries

In other Lsb Industries news, SVP Kristy Carver sold 19,550 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president owned 52,613 shares of the company’s stock, valued at approximately $525,603.87. This trade represents a 27.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Cheryl Maguire sold 7,551 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 200,719 shares of the company’s stock, valued at $2,007,190. This represents a 3.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 387,113 shares of company stock valued at $3,731,647 over the last three months. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Kennedy Capital Management LLC raised its stake in Lsb Industries by 0.4% during the 4th quarter. Kennedy Capital Management LLC now owns 277,355 shares of the conglomerate’s stock worth $2,358,000 after acquiring an additional 1,210 shares in the last quarter. Rhumbline Advisers boosted its stake in Lsb Industries by 1.8% in the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock valued at $700,000 after acquiring an additional 1,616 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Lsb Industries by 8.5% during the fourth quarter. Millennium Management LLC now owns 21,573 shares of the conglomerate’s stock worth $183,000 after purchasing an additional 1,692 shares during the last quarter. First Bank & Trust grew its holdings in shares of Lsb Industries by 13.4% during the third quarter. First Bank & Trust now owns 16,239 shares of the conglomerate’s stock worth $128,000 after purchasing an additional 1,922 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in shares of Lsb Industries by 21.0% during the third quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock worth $97,000 after purchasing an additional 2,148 shares in the last quarter. 73.67% of the stock is owned by hedge funds and other 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.