Lsb Industries (NYSE:LXU) Rating Lowered to “Hold” at Zacks Research

Lsb Industries (NYSE:LXU) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other research firms have also weighed in on LXU. Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday, December 29th. UBS Group restated a “neutral” rating and issued a $9.75 target price (up previously from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $11.00 price target (up from $10.00) on shares of Lsb Industries in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lsb Industries currently has an average rating of “Hold” and an average price target of $10.25.

Lsb Industries Trading Up 1.3%

Shares of NYSE:LXU traded up $0.12 during mid-day trading on Monday, reaching $9.53. The stock had a trading volume of 131,876 shares, compared to its average volume of 531,539. The firm has a 50 day simple moving average of $9.07 and a two-hundred day simple moving average of $8.63. Lsb Industries has a twelve month low of $4.88 and a twelve month high of $10.17. The firm has a market cap of $685.59 million, a PE ratio of -959.00 and a beta of 0.74. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89.

Insider Buying and Selling at Lsb Industries

In other Lsb Industries news, CFO Cheryl Maguire sold 7,551 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $10.00, for a total value of $75,510.00. Following the transaction, the chief financial officer directly owned 200,719 shares in the company, valued at $2,007,190. The trade was a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kristy Carver sold 19,550 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total value 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 represents a 27.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 564,188 shares of company stock worth $5,299,643 over the last 90 days. Company insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

A number of hedge funds have recently bought and sold shares of the business. Brandywine Global Investment Management LLC acquired a new stake in Lsb Industries during the second quarter worth approximately $2,412,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lsb Industries during the 2nd quarter worth $1,694,000. JPMorgan Chase & Co. increased its position in shares of Lsb Industries by 104.8% in the third quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock worth $2,881,000 after purchasing an additional 187,108 shares during the period. BNP Paribas Financial Markets raised its stake in Lsb Industries by 825.5% in the third quarter. BNP Paribas Financial Markets now owns 166,639 shares of the conglomerate’s stock valued at $1,313,000 after purchasing an additional 148,634 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in Lsb Industries by 31.1% during the second quarter. Bridgeway Capital Management LLC now owns 467,113 shares of the conglomerate’s stock worth $3,643,000 after purchasing an additional 110,889 shares during the period. 73.67% of the stock is owned by 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.