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

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

A number of other research firms also recently commented on LXU. Royal Bank Of Canada restated 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. Jefferies Financial Group increased their price objective on shares of Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings upgraded shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, UBS Group set a $16.00 price objective on shares of Lsb Industries and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.33.

Lsb Industries Price Performance

LXU stock opened at $12.50 on Friday. The stock has a 50-day moving average price of $14.18 and a two-hundred day moving average price of $11.60. The stock has a market cap of $898.88 million, a PE ratio of 19.83 and a beta of 0.31. The company has a current ratio of 3.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.81. Lsb Industries has a 1 year low of $7.09 and a 1 year high of $17.22.

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. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. The company had revenue of $169.49 million during the quarter, compared to the consensus estimate of $166.19 million. Equities analysts forecast that Lsb Industries will post 0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Lsb Industries

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Lsb Industries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate’s stock valued at $36,241,000 after purchasing an additional 57,999 shares during the last quarter. Gendell Jeffrey L lifted its stake in Lsb Industries by 3.7% in the 4th quarter. Gendell Jeffrey L now owns 2,134,130 shares of the conglomerate’s stock valued at $18,140,000 after purchasing an additional 75,323 shares during the last quarter. American Century Companies Inc. lifted its stake in Lsb Industries by 5.8% in the 3rd quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock valued at $15,688,000 after purchasing an additional 109,944 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Lsb Industries by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock valued at $26,708,000 after purchasing an additional 46,613 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Lsb Industries by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,280,864 shares of the conglomerate’s stock valued at $10,890,000 after purchasing an additional 14,125 shares during the last quarter. 73.67% of the stock is currently 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.