Royal Bank Of Canada Cuts Lsb Industries (NYSE:LXU) Price Target to $13.00

Lsb Industries (NYSE:LXU) had its price target cut by Royal Bank Of Canada from $15.00 to $13.00 in a research note published on Friday,Benzinga reports. They currently have a sector perform rating on the conglomerate’s stock.

A number of other brokerages also recently commented on LXU. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Wall Street Zen downgraded shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.67.

Lsb Industries Stock Up 0.2%

Shares of LXU opened at $11.41 on Friday. Lsb Industries has a 52-week low of $7.09 and a 52-week high of $17.22. The company has a quick ratio of 2.85, a current ratio of 3.07 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $12.12 and a two-hundred day simple moving average of $12.12. The company has a market capitalization of $821.20 million, a PE ratio of 18.12 and a beta of 0.34.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.14. The firm had revenue of $169.49 million for the quarter, compared to analysts’ expectations of $166.19 million. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. As a group, equities analysts forecast that Lsb Industries will post 0.53 EPS for the current year.

Insider Activity at Lsb Industries

In related news, Director Lynn F. White sold 40,000 shares of Lsb Industries stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total value of $472,000.00. Following the completion of the sale, the director owned 202,489 shares in the company, valued at approximately $2,389,370.20. This trade represents a 16.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kristy Carver sold 9,554 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.38, for a total value of $118,278.52. Following the completion of the sale, the senior vice president directly owned 47,452 shares in the company, valued at approximately $587,455.76. The trade was a 16.76% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LXU. Kestra Advisory Services LLC acquired a new stake in shares of Lsb Industries in the fourth quarter valued at $29,000. Russell Investments Group Ltd. lifted its stake in Lsb Industries by 2,900.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in Lsb Industries during the 3rd quarter valued at about $42,000. Tower Research Capital LLC TRC boosted 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 acquiring an additional 2,856 shares during the period. Finally, Quarry LP acquired a new position in Lsb Industries in the 3rd quarter valued at about $94,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Lsb Industries Company Profile

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.