Lsb Industries (NYSE:LXU) Stock Price Expected to Rise, UBS Group Analyst Says

Lsb Industries (NYSE:LXU) had its target price boosted by UBS Group from $9.75 to $16.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the conglomerate’s stock. UBS Group’s price target would suggest a potential downside of 3.15% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Lsb Industries from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Weiss Ratings upgraded Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Wall Street Zen lowered Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Jefferies Financial Group raised their target price on Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, March 12th. Finally, Zacks Research lowered Lsb Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Lsb Industries presently has an average rating of “Hold” and a consensus price target of $13.63.

Lsb Industries Stock Performance

LXU traded up $1.23 during trading on Thursday, hitting $17.04. 1,654,909 shares of the company traded hands, compared to its average volume of 1,092,375. The firm has a market cap of $1.22 billion, a P/E ratio of 50.35 and a beta of 0.66. The stock’s fifty day moving average is $11.36 and its 200 day moving average is $9.64. The company has a quick ratio of 2.61, a current ratio of 2.78 and a debt-to-equity ratio of 0.85. Lsb Industries has a one year low of $4.88 and a one year high of $17.21.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, February 25th. The conglomerate reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $165.05 million for the quarter, compared to analyst estimates of $153.88 million. Lsb Industries had a net margin of 4.00% and a return on equity of 4.90%. As a group, equities analysts predict that Lsb Industries will post -0.18 EPS for the current fiscal year.

Insider Activity at Lsb Industries

In related news, CFO Cheryl Maguire sold 7,551 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $10.00, for a total transaction of $75,510.00. Following the sale, the chief financial officer directly owned 200,719 shares in the company, valued at approximately $2,007,190. This represents a 3.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kristy Carver sold 19,550 shares of the firm’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 transaction of $195,304.50. Following the completion of the transaction, the senior vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 387,113 shares of company stock worth $3,731,647. 4.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lsb Industries

A number of large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in shares of Lsb Industries in the fourth quarter valued at $29,000. Russell Investments Group Ltd. boosted its stake in Lsb Industries by 2,900.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 4,350 shares during the period. Aquatic Capital Management LLC bought a new position in Lsb Industries in the 3rd quarter worth about $42,000. Tower Research Capital LLC TRC grew its holdings in Lsb Industries by 90.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after buying an additional 2,856 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Lsb Industries during the third quarter valued at about $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.