Lsb Industries Inc. (NYSE:LXU) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on LSB Industries, with all five covering firms recommending Hold and an average 12-month price target of $14.67. Recent target reductions include RBC’s cut from $15 to $13.
• LSB Industries reported a quarterly loss of $0.09 per share, missing the $0.33 consensus estimate, although revenue of $168.09 million exceeded forecasts of $155.45 million.
• Institutional ownership stands at 73.67%, including new stakes from BlackRock and Arrowstreet Capital, while two company insiders recently sold shares. The stock opened at $9.63, below its 50-day and 200-day moving averages.

Shares of Lsb Industries Inc. (NYSE:LXU - Get Free Report) have received an average rating of "Hold" from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $14.6667.

Several analysts have recently weighed in on the company. Royal Bank Of Canada lowered their target price on Lsb Industries from $15.00 to $13.00 and set a "sector perform" rating for the company in a research note on Friday, July 17th. Weiss Ratings lowered shares of Lsb Industries from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday. UBS Group set a $16.00 price objective on Lsb Industries and gave the company a "neutral" rating in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Lsb Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st.

Insider Buying and Selling at Lsb Industries

In other news, SVP Kristy Carver sold 9,554 shares of Lsb Industries stock in a transaction dated 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 directly owned 47,452 shares of the company's stock, valued at approximately $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lynn F. White sold 40,000 shares of the firm's stock in a transaction that occurred 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 sale, 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 disclosure for this sale is available in the SEC filing. Company insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Lsb Industries

Several institutional investors and hedge funds have recently bought and sold shares of LXU. BlackRock Inc. bought a new stake in shares of Lsb Industries in the 2nd quarter worth approximately $50,802,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Lsb Industries in the first quarter valued at about $11,458,000. Hillsdale Investment Management Inc. bought a new position in shares of Lsb Industries during the 1st quarter valued at approximately $4,416,000. Tudor Investment Corp ET AL boosted its holdings in Lsb Industries by 581.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 342,894 shares of the conglomerate's stock valued at $2,915,000 after acquiring an additional 292,599 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Lsb Industries by 104.8% during the third quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate's stock valued at $2,881,000 after purchasing an additional 187,108 shares in the last quarter. Hedge funds and other institutional investors own 73.67% of the company's stock.

Lsb Industries Price Performance

Lsb Industries stock opened at $9.63 on Friday. Lsb Industries has a 52 week low of $7.15 and a 52 week high of $17.22. The firm's 50-day simple moving average is $11.29 and its 200 day simple moving average is $12.29. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $693.72 million, a PE ratio of 19.27 and a beta of 0.30.

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

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.

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