Lsb Industries (NYSE:LXU) Price Target Raised to $15.00

Lsb Industries (NYSE:LXU) had its price objective raised by Jefferies Financial Group from $11.00 to $15.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a hold rating on the conglomerate’s stock.

A number of other equities analysts have also recently issued reports on LXU. Royal Bank Of Canada upped 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. Zacks Research lowered shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Wall Street Zen cut shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. UBS Group reiterated a “neutral” rating and issued a $9.75 target price (up from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Finally, Weiss Ratings raised shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.94.

Lsb Industries Price Performance

Shares of NYSE LXU opened at $14.93 on Thursday. The company has a 50 day simple moving average of $10.46 and a two-hundred day simple moving average of $9.27. Lsb Industries has a fifty-two week low of $4.88 and a fifty-two week high of $15.66. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 43.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.61 and a current ratio of 2.78.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%.The firm had revenue of $165.05 million for the quarter, compared to analysts’ expectations of $153.88 million. Analysts expect that Lsb Industries will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Cheryl Maguire sold 7,551 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total transaction of $75,510.00. Following the completion of the sale, the chief financial officer owned 200,719 shares in the company, valued at approximately $2,007,190. This represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barry H. Golsen sold 17,813 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $10.04, for a total value of $178,842.52. The SEC filing for this sale provides additional information. Insiders sold 387,113 shares of company stock valued at $3,731,647 over the last 90 days. Company insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

A number of institutional investors and hedge funds have recently made changes to their positions in LXU. American Century Companies Inc. raised its holdings in Lsb Industries by 5.9% in the 2nd quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock worth $14,671,000 after purchasing an additional 104,355 shares during the period. Brandywine Global Investment Management LLC bought a new stake in Lsb Industries during the second quarter valued at about $2,412,000. Campbell & CO Investment Adviser LLC bought a new stake in Lsb Industries during the third quarter valued at about $650,000. JB Capital Partners LP bought a new position in shares of Lsb Industries in the second quarter worth about $529,000. Finally, JPMorgan Chase & Co. raised its stake 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 buying an additional 187,108 shares during the period. Hedge funds and other institutional investors own 73.67% of the company’s stock.

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.