Lsb Industries (NYSE:LXU) Rating Increased to Strong-Buy at Wall Street Zen

Lsb Industries (NYSE:LXU) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

LXU has been the subject of a number of other research reports. Weiss Ratings upgraded Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. 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 report on Monday, May 11th. Jefferies Financial Group boosted their price objective on Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, March 12th. Finally, UBS Group set a $16.00 price target on shares of Lsb Industries and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Lsb Industries presently has a consensus rating of “Hold” and an average price target of $15.33.

Lsb Industries Trading Up 4.4%

Lsb Industries stock opened at $12.22 on Friday. Lsb Industries has a 52 week low of $7.09 and a 52 week high of $17.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.85 and a current ratio of 3.07. The stock has a market capitalization of $878.75 million, a P/E ratio of 19.39 and a beta of 0.31. The stock has a 50-day simple moving average of $13.80 and a 200 day simple moving average of $11.71.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings results 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 return on equity of 8.91% and a net margin of 7.16%.The business had revenue of $169.49 million during the quarter, compared to analysts’ expectations of $166.19 million. Analysts expect that Lsb Industries will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other Lsb Industries news, SVP Kristy Carver sold 9,554 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.38, for a total transaction of $118,278.52. Following the sale, the senior vice president owned 47,452 shares of the company’s stock, valued at approximately $587,455.76. The trade was a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn F. White sold 40,000 shares of the business’s stock in a transaction on 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 sale, the director directly owned 202,489 shares in the company, valued at approximately $2,389,370.20. This represents a 16.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.00% of the company’s stock.

Institutional Trading of Lsb Industries

Several institutional investors have recently modified their holdings of LXU. Dimensional Fund Advisors LP boosted its position in Lsb Industries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate’s stock valued at $36,241,000 after acquiring an additional 57,999 shares during the last quarter. Gendell Jeffrey L raised its holdings in shares of Lsb Industries by 3.7% during the fourth 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 period. American Century Companies Inc. raised its holdings in shares of Lsb Industries by 5.8% in the 3rd quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock worth $15,688,000 after acquiring an additional 109,944 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Lsb Industries by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock worth $26,708,000 after acquiring an additional 46,613 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Lsb Industries by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,280,864 shares of the conglomerate’s stock worth $10,890,000 after acquiring an additional 14,125 shares during the last quarter. Institutional investors own 73.67% of the company’s stock.

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.