LSB Industries (NYSE:LXU) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of LSB Industries (NYSE:LXU) from a hold rating to a buy rating in a research report report published on Wednesday morning, Zacks.com reports. They currently have $5.50 price objective on the conglomerate’s stock.

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. “

NYSE:LXU opened at $7.53 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.96 and a debt-to-equity ratio of 3.74. The company’s fifty day simple moving average is $6.20. LSB Industries has a twelve month low of $1.04 and a twelve month high of $7.94.

LSB Industries (NYSE:LXU) last posted its earnings results on Wednesday, April 28th. The conglomerate reported ($0.82) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.76) by ($0.06). The business had revenue of $98.12 million for the quarter, compared to analyst estimates of $90.15 million. LSB Industries had a negative net margin of 17.82% and a negative return on equity of 38.67%. Sell-side analysts forecast that LSB Industries will post -1.94 EPS for the current year.

In other LSB Industries news, VP Harold L. Rieker sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 12th. The shares were sold at an average price of $6.32, for a total value of $25,280.00. Following the transaction, the vice president now owns 22,936 shares in the company, valued at approximately $144,955.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.10% of the company’s stock.

Several institutional investors have recently modified their holdings of LXU. Squarepoint Ops LLC grew its position in shares of LSB Industries by 3.3% during the 1st quarter. Squarepoint Ops LLC now owns 133,932 shares of the conglomerate’s stock valued at $687,000 after buying an additional 4,261 shares during the last quarter. Millennium Management LLC grew its position in shares of LSB Industries by 1.2% during the 1st quarter. Millennium Management LLC now owns 474,385 shares of the conglomerate’s stock valued at $2,434,000 after buying an additional 5,537 shares during the last quarter. BlackRock Inc. grew its position in shares of LSB Industries by 1.9% during the 4th quarter. BlackRock Inc. now owns 433,470 shares of the conglomerate’s stock valued at $1,470,000 after buying an additional 8,215 shares during the last quarter. Dorsey Wright & Associates bought a new stake in shares of LSB Industries during the 1st quarter valued at about $48,000. Finally, Morgan Stanley grew its position in shares of LSB Industries by 115.8% during the 1st quarter. Morgan Stanley now owns 41,599 shares of the conglomerate’s stock valued at $214,000 after buying an additional 22,325 shares during the last quarter. Institutional investors and hedge funds own 31.08% of the company’s stock.

LSB Industries Company Profile

LSB Industries, Inc manufactures, markets, and sells chemical products 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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