Lsb Industries Inc. (NYSE:LXU) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analyst sentiment is neutral: LSB Industries has a consensus “Hold” rating, with four holds and one buy among five analysts. The average 12-month price target is $14.67, above the reported share price of $11.57.
• Quarterly earnings missed expectations: The company reported a loss of $0.09 per share versus analysts’ expected profit of $0.33, although revenue of $168.09 million exceeded the $155.45 million consensus estimate.
• Insiders reduced their holdings: Director Lynn F. White and SVP Kristy Carver sold shares, lowering their individual positions by 16.5% and 16.76%, respectively. Institutional investors and hedge funds own 73.67% of the stock.

Lsb Industries Inc. (NYSE:LXU - Get Free Report) has received a consensus recommendation of "Hold" from the five analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $14.6667.

A number of research firms have recently weighed in on LXU. UBS Group set a $16.00 price target on shares of Lsb Industries and gave the company a "neutral" rating in a report on Wednesday, May 13th. Weiss Ratings downgraded Lsb Industries from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 4th. Royal Bank Of Canada upgraded Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price objective for the company in a report on Monday, August 10th. Finally, Wall Street Zen cut Lsb Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st.

Insider Activity at Lsb Industries

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 value of $472,000.00. Following the transaction, the director directly owned 202,489 shares of the company's stock, valued at $2,389,370.20. This represents a 16.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kristy Carver sold 9,554 shares of the firm's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.38, for a total value of $118,278.52. Following the completion of 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. The SEC filing for this sale provides additional information. Company insiders own 3.00% of the company's stock.

Institutional Trading of Lsb Industries

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in Lsb Industries during the 4th quarter worth about $29,000. Russell Investments Group Ltd. boosted its holdings in Lsb Industries by 2,900.0% during the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate's stock worth $35,000 after buying an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Lsb Industries during the third quarter valued at $42,000. Persistent Asset Partners Ltd acquired a new position in shares of Lsb Industries in the second quarter worth about $47,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Lsb Industries by 90.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate's stock worth $47,000 after acquiring an additional 2,856 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Lsb Industries Trading Up 3.5%

NYSE:LXU opened at $11.57 on Thursday. Lsb Industries has a one year low of $7.71 and a one year high of $17.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43. The firm has a market cap of $832.73 million, a P/E ratio of 23.13 and a beta of 0.31. The firm has a 50-day simple moving average of $10.76 and a 200-day simple moving average of $12.42.

Lsb Industries (NYSE:LXU - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.42). Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. The business had revenue of $168.09 million for the quarter, compared to the consensus estimate of $155.45 million. Equities analysts anticipate that Lsb Industries will post 0.53 EPS for the current fiscal year.

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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