Lsb Industries (NYSE:LXU) Research Coverage Started at Freedom Broker

Freedom Broker initiated coverage on shares of Lsb Industries (NYSE:LXU) in a report issued on Tuesday, Marketbeat reports. The firm issued a hold rating and a $9.50 price target on the conglomerate’s stock.

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

Lsb Industries Stock Up 8.7%

Shares of NYSE LXU opened at $11.19 on Tuesday. Lsb Industries has a 1 year low of $8.12 and a 1 year high of $17.22. The firm has a 50-day simple moving average of $10.54 and a two-hundred day simple moving average of $11.73. The company has a market cap of $805.54 million, a P/E ratio of 18.05 and a beta of 0.44. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.43 and a quick ratio of 2.31.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, October 28th. The conglomerate reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. Lsb Industries had a return on equity of 8.61% and a net margin of 6.95%. The firm had revenue of $158.60 million for the quarter, compared to analysts’ expectations of $160.18 million.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in shares of Lsb Industries by 7.4% during the third quarter. Sterling Capital Management LLC now owns 26,286 shares of the conglomerate’s stock worth $257,000 after acquiring an additional 1,816 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in shares of Lsb Industries by 12.0% during the third quarter. CWA Asset Management Group LLC now owns 147,732 shares of the conglomerate’s stock valued at $1,443,000 after acquiring an additional 15,781 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Lsb Industries by 339.6% in the 2nd quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate’s stock valued at $3,763,000 after purchasing an additional 268,939 shares during the last quarter. Arizona State Retirement System purchased a new position in shares of Lsb Industries in the 2nd quarter valued at approximately $166,000. Finally, AXQ Capital LP raised its position in shares of Lsb Industries by 4.8% in the 2nd quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate’s stock valued at $505,000 after purchasing an additional 2,144 shares during the last quarter. 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.