LSB Industries (NYSE:LXU) Rating Increased to Buy at Zacks Investment Research

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LSB Industries (NYSE:LXU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. The firm currently has a $5.00 price target on the conglomerate’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.11% from the company’s current price.

According to Zacks, “LSB Industries, Inc., is a diversified holding company involved in manufacturing operations through its subsidiaries. It manufactures and sells chemical products for the agricultural, mining, and industrial markets. The company operates through Chemical Business which manufactures and sells nitrogen based chemical products including high purity and commercial grade anhydrous ammonia, industrial and fertilizer grade ammonium nitrate, urea ammonium nitrate, nitric acids in various concentrations, nitrogen solutions, diesel exhaust fluid and various other products. It’s Engineered Products Business markets a proprietary line of precision metal working machine tools and industrial performance solutions to customers worldwide. The company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility within a global chemical company’s complex in Baytown, TX. LSB’s products are sold through distributors and directly to end customers throughout the United States. “

Separately, ValuEngine downgraded shares of LSB Industries from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th.

Shares of LXU stock opened at $4.50 on Wednesday. LSB Industries has a 12 month low of $2.81 and a 12 month high of $10.00. The company has a current ratio of 1.98, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40. The business’s 50 day moving average is $4.13 and its two-hundred day moving average is $5.31.

LSB Industries (NYSE:LXU) last announced its quarterly earnings results on Monday, July 29th. The conglomerate reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.47) by $0.42. LSB Industries had a negative return on equity of 13.19% and a negative net margin of 11.29%. The company had revenue of $121.53 million for the quarter, compared to the consensus estimate of $97.55 million. As a group, research analysts forecast that LSB Industries will post -2.29 EPS for the current year.

In related news, Director Lynn F. White acquired 10,000 shares of the stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $4.21 per share, for a total transaction of $42,100.00. Following the completion of the purchase, the director now owns 44,689 shares in the company, valued at approximately $188,140.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark T. Behrman acquired 19,300 shares of the stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $5.14 per share, for a total transaction of $99,202.00. Following the purchase, the chief executive officer now owns 591,384 shares of the company’s stock, valued at approximately $3,039,713.76. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 49,020 shares of company stock worth $245,029. 16.30% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Eidelman Virant Capital grew its stake in shares of LSB Industries by 3.5% in the second quarter. Eidelman Virant Capital now owns 460,214 shares of the conglomerate’s stock worth $1,794,000 after acquiring an additional 15,548 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of LSB Industries by 2.8% in the fourth quarter. Bank of New York Mellon Corp now owns 243,612 shares of the conglomerate’s stock worth $1,345,000 after acquiring an additional 6,585 shares during the last quarter. Investors Research Corp acquired a new stake in shares of LSB Industries in the first quarter worth $55,000. Dimensional Fund Advisors LP grew its stake in shares of LSB Industries by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,657,844 shares of the conglomerate’s stock worth $9,151,000 after acquiring an additional 46,565 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of LSB Industries in the first quarter worth $129,000. Institutional investors and hedge funds own 71.66% of the company’s stock.

LSB Industries Company Profile

LSB Industries, Inc manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. It provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

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