Shares of Lsb Industries Inc. (NYSE:LXU – Get Free Report) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $15.3333.
Several equities research analysts recently issued reports on the company. UBS Group set a $16.00 price target on Lsb Industries and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Weiss Ratings raised Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Royal Bank Of Canada reissued a “sector perform” rating and set a $15.00 price target (up from $14.00) on shares of Lsb Industries in a research report on Monday, May 11th. Jefferies Financial Group upped their price target on Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, March 12th. Finally, Wall Street Zen raised Lsb Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 14th.
Lsb Industries Stock Performance
Lsb Industries (NYSE:LXU – Get Free Report) last released its earnings results on Wednesday, April 29th. The conglomerate reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.14. The company had revenue of $169.49 million for the quarter, compared to the consensus estimate of $166.19 million. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%. Analysts forecast that Lsb Industries will post 0.53 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Lynn F. White sold 40,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total transaction of $472,000.00. Following the completion of the transaction, the director directly owned 202,489 shares in the company, valued at $2,389,370.20. This represents a 16.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kristy Carver sold 9,554 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.38, for a total value of $118,278.52. Following the transaction, the senior vice president owned 47,452 shares of the company’s stock, valued at approximately $587,455.76. The trade was a 16.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Lsb Industries
A number of large investors have recently modified their holdings of LXU. Dimensional Fund Advisors LP lifted its holdings in shares of Lsb Industries by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate’s stock valued at $36,241,000 after buying an additional 57,999 shares during the period. Gendell Jeffrey L lifted its holdings in shares of Lsb Industries by 3.7% in the fourth quarter. Gendell Jeffrey L now owns 2,134,130 shares of the conglomerate’s stock valued at $18,140,000 after buying an additional 75,323 shares during the period. American Century Companies Inc. lifted its holdings in shares of Lsb Industries by 5.8% in the third quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock valued at $15,688,000 after buying an additional 109,944 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Lsb Industries by 2.7% in the first quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock valued at $26,708,000 after buying an additional 46,613 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Lsb Industries by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,280,864 shares of the conglomerate’s stock valued at $10,890,000 after buying an additional 14,125 shares during the period. Institutional investors and hedge funds own 73.67% of the company’s stock.
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.
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