Lsb Industries (NYSE:LXU) Price Target Cut to $13.00 by Analysts at Royal Bank Of Canada

Lsb Industries (NYSE:LXU) had its target price decreased by Royal Bank Of Canada from $15.00 to $13.00 in a report released on Friday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the conglomerate’s stock.

Several other research analysts have also commented on LXU. UBS Group set a $16.00 price target on shares of Lsb Industries and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.67.

Lsb Industries Stock Performance

Shares of Lsb Industries stock opened at $11.41 on Friday. The stock has a market cap of $821.20 million, a PE ratio of 18.12 and a beta of 0.34. The business has a fifty day simple moving average of $12.12 and a 200-day simple moving average of $12.10. The company has a quick ratio of 2.85, a current ratio of 3.07 and a debt-to-equity ratio of 0.81. Lsb Industries has a 12 month low of $7.09 and a 12 month high of $17.22.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.14. The firm had revenue of $169.49 million during the quarter, compared to the consensus estimate of $166.19 million. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%. On average, sell-side analysts anticipate that Lsb Industries will post 0.53 EPS for the current fiscal year.

Insider Activity at Lsb Industries

In other news, SVP Kristy Carver sold 9,554 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.38, for a total transaction of $118,278.52. Following the completion of the transaction, the senior vice president directly owned 47,452 shares in the company, valued at $587,455.76. The trade was a 16.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 that occurred on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total value of $472,000.00. Following the sale, the director owned 202,489 shares in the company, valued at approximately $2,389,370.20. This represents a 16.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in shares of Lsb Industries during the fourth quarter valued at $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, Quarry LP acquired a new stake in shares of Lsb Industries during the third quarter worth approximately $94,000. 73.67% of the stock is owned by institutional investors.

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.