Lsb Industries (NYSE:LXU) Director Sells $15,500.00 in Stock

by · The Markets Daily

Lsb Industries Inc. (NYSE:LXU – Get Free Report) Director Barry Golsen sold 1,550 shares of Lsb Industries stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $10.00, for a total transaction of $15,500.00. Following the completion of the transaction, the director owned 87,787 shares of the company’s stock, valued at $877,870. This represents a 1.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lsb Industries Stock Performance

LXU stock traded down $0.35 during trading on Friday, hitting $9.60. The company had a trading volume of 508,974 shares, compared to its average volume of 540,925. The firm has a 50-day moving average price of $8.97 and a 200-day moving average price of $8.52. The company has a quick ratio of 2.63, a current ratio of 2.84 and a debt-to-equity ratio of 0.89. The firm has a market cap of $690.62 million, a PE ratio of -960.00 and a beta of 0.75. Lsb Industries Inc. has a 1-year low of $4.88 and a 1-year high of $10.04.

Lsb Industries (NYSE:LXU – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. The firm had revenue of $155.43 million during the quarter, compared to analysts’ expectations of $138.30 million. On average, analysts expect that Lsb Industries Inc. will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its position in shares of Lsb Industries by 1.8% in the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock worth $700,000 after purchasing an additional 1,616 shares in the last quarter. First Bank & Trust increased its stake in Lsb Industries by 13.4% in the 3rd quarter. First Bank & Trust now owns 16,239 shares of the conglomerate’s stock valued at $128,000 after buying an additional 1,922 shares during the period. Orion Porfolio Solutions LLC lifted its position in Lsb Industries by 21.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock worth $97,000 after buying an additional 2,148 shares in the last quarter. Royal Bank of Canada boosted 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 valued at $257,000 after buying an additional 2,692 shares during the period. 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 valued at $47,000 after buying an additional 2,856 shares during the period. 73.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Zacks Research raised shares of Lsb Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. UBS Group reaffirmed a “neutral” rating and set a $9.75 price target (up previously from $9.50) on shares of Lsb Industries in a research report on Monday. Royal Bank Of Canada lifted their price target on Lsb Industries from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Finally, Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.92.

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Lsb Industries Company Profile

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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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