Lsb Industries (NYSE:LXU) Now Covered by Freedom Broker

Analysts at Freedom Broker assumed coverage on shares of Lsb Industries (NYSE:LXU) in a research report issued on Tuesday, Benzinga reports. The brokerage set a “hold” rating and a $9.50 price target on the conglomerate’s stock. Freedom Broker‘s target price would suggest a potential downside of 8.62% from the stock’s previous close.

A number of other research analysts have also commented on LXU. Wall Street Zen lowered Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. set a $13.00 price target on Lsb Industries and gave the stock an “outperform” rating in a report on Monday, October 5th. Royal Bank Of Canada raised shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a research note on Monday, August 10th. Finally, Weiss Ratings raised shares of Lsb Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 16th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.38.

Lsb Industries Stock Up 2.4%

Shares of NYSE:LXU traded up $0.25 during midday trading on Tuesday, reaching $10.40. 683,810 shares of the company were exchanged, compared to its average volume of 1,025,800. The firm has a market cap of $748.51 million, a PE ratio of 20.79 and a beta of 0.44. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. Lsb Industries has a fifty-two week low of $8.12 and a fifty-two week high of $17.22. The stock has a fifty day simple moving average of $10.52 and a two-hundred day simple moving average of $11.70.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.42). The business had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LXU. BlackRock Inc. bought a new position in shares of Lsb Industries in the second quarter valued at approximately $50,802,000. Dimensional Fund Advisors LP boosted its stake in shares of 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 in the last quarter. Renaissance Technologies LLC lifted its stake 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 valued at $26,708,000 after acquiring an additional 46,613 shares during the last quarter. Robotti Robert purchased a new position in shares of Lsb Industries in the second quarter valued at about $22,914,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Lsb Industries in the first quarter worth about $11,458,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

About Lsb Industries

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.