Royal Bank Of Canada Reiterates Sector Perform Rating for Lsb Industries (NYSE:LXU)

Lsb Industries (NYSE:LXU)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank Of Canada in a research report issued on Tuesday, Marketbeat Ratings reports. They presently have a $14.00 price objective on the conglomerate’s stock, up from their prior price objective of $13.00. Royal Bank Of Canada’s price target would suggest a potential downside of 6.64% from the stock’s current price.

LXU has been the subject of a number of other reports. Wall Street Zen raised Lsb Industries from a “buy” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings raised Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. UBS Group boosted their price target on Lsb Industries from $9.75 to $16.50 and gave the stock a “neutral” rating in a report on Thursday, March 26th. Jefferies Financial Group boosted their price target on Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, March 12th. Finally, Zacks Research cut Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.17.

Lsb Industries Stock Performance

Shares of LXU stock opened at $15.00 on Tuesday. The stock has a fifty day moving average price of $12.28 and a 200 day moving average price of $10.07. The stock has a market cap of $1.08 billion, a PE ratio of 44.10 and a beta of 0.48. Lsb Industries has a 1 year low of $4.88 and a 1 year high of $17.22. 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 data on Wednesday, February 25th. The conglomerate reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $165.05 million during the quarter, compared to analysts’ expectations of $153.88 million. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%. Sell-side analysts forecast that Lsb Industries will post -0.18 earnings per share for the current fiscal year.

Insider Transactions at Lsb Industries

In other news, Director Barry H. Golsen sold 118,953 shares of Lsb Industries stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $9.19, for a total value of $1,093,178.07. Following the completion of the sale, the director owned 96,773 shares of the company’s stock, valued at $889,343.87. The trade was a 55.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cheryl Maguire sold 7,551 shares of Lsb Industries 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 completion of the sale, the chief financial officer directly owned 200,719 shares of the company’s stock, valued at approximately $2,007,190. This represents a 3.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 387,113 shares of company stock valued at $3,731,647 over the last three months. 4.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lsb Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in shares of Lsb Industries in the fourth quarter valued at $29,000. Russell Investments Group Ltd. grew its position in shares of Lsb Industries by 2,900.0% in the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 4,350 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Lsb Industries in the third quarter valued at $42,000. Tower Research Capital LLC TRC grew its position in shares of Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 2,856 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Lsb Industries in the fourth quarter valued at $97,000. 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.