Lsb Industries (NYSE:LXU) Issues Quarterly Earnings Results

Lsb Industries (NYSE:LXUGet Free Report) issued its earnings results on Wednesday. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42), Zacks reports. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%.

Lsb Industries Price Performance

NYSE:LXU traded up $0.03 during trading hours on Wednesday, reaching $11.46. 890,945 shares of the company traded hands, compared to its average volume of 1,113,845. Lsb Industries has a 1-year low of $7.09 and a 1-year high of $17.22. The stock has a market cap of $824.50 million, a P/E ratio of 18.19 and a beta of 0.34. The firm’s 50-day moving average is $11.73 and its 200-day moving average is $12.28. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.07 and a quick ratio of 2.85.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Lsb Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Kennedy Capital Management LLC lifted its stake in shares of Lsb Industries by 0.4% during the fourth quarter. Kennedy Capital Management LLC now owns 277,355 shares of the conglomerate’s stock valued at $2,358,000 after buying an additional 1,210 shares during the period. Rhumbline Advisers grew its stake in Lsb Industries by 1.8% in the 2nd quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock worth $700,000 after acquiring an additional 1,616 shares during the period. Millennium Management LLC raised its holdings in Lsb Industries by 8.5% in the 4th quarter. Millennium Management LLC now owns 21,573 shares of the conglomerate’s stock valued at $183,000 after acquiring an additional 1,692 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in Lsb Industries by 21.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after acquiring an additional 2,148 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Lsb Industries by 7.4% during the 1st quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock worth $257,000 after purchasing an additional 2,692 shares during the period. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LXU shares. UBS Group set a $16.00 price target on Lsb Industries and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lsb Industries in a research note on Tuesday, July 21st. Royal Bank Of Canada reduced their price objective on Lsb Industries from $15.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, July 17th. Finally, Wall Street Zen downgraded Lsb Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, Lsb Industries currently has a consensus rating of “Hold” and an average price target of $14.67.

Get Our Latest Stock Report on LXU

About Lsb Industries

(Get Free Report)

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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Earnings History for Lsb Industries (NYSE:LXU)

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