Lsb Industries (NYSE:LXU) Hits New 1-Year High – Here’s What Happened
by Jessica Moore · The Cerbat GemLsb Industries Inc. (NYSE:LXU – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $10.30 and last traded at $10.2910, with a volume of 218327 shares. The stock had previously closed at $9.97.
Wall Street Analyst Weigh In
Several brokerages have issued reports on LXU. Royal Bank Of Canada reissued an “outperform” rating and issued a $11.00 price objective (up from $10.00) on shares of Lsb Industries in a research note on Tuesday, January 20th. Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. UBS Group reissued a “neutral” rating and set a $9.75 target price (up from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.25.
Read Our Latest Analysis on Lsb Industries
Lsb Industries Price Performance
The company has a market cap of $741.99 million, a price-to-earnings ratio of -1,031.40 and a beta of 0.74. The company has a fifty day simple moving average of $9.14 and a two-hundred day simple moving average of $8.68. The company has a quick ratio of 2.63, a current ratio of 2.84 and a debt-to-equity ratio of 0.89.
Insider Activity at Lsb Industries
In related news, SVP Kristy Carver sold 19,550 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total value of $195,304.50. Following the sale, the senior vice president owned 52,613 shares of the company’s stock, valued at approximately $525,603.87. This represents a 27.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barry H. Golsen sold 15,926 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $10.03, for a total value of $159,737.78. Following the sale, the director owned 35,043 shares in the company, valued at approximately $351,481.29. This trade represents a 31.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 564,188 shares of company stock valued at $5,299,643. Insiders own 4.70% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in shares of Lsb Industries by 2,900.0% in the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 4,350 shares during the period. Aquatic Capital Management LLC purchased a new stake in Lsb Industries in the 3rd quarter valued at about $42,000. Tower Research Capital LLC TRC lifted its holdings 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 during the period. Quarry LP acquired a new stake in shares of Lsb Industries in the third quarter worth approximately $94,000. Finally, Orion Porfolio Solutions LLC grew its holdings in Lsb Industries by 21.0% in the third quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after purchasing an additional 2,148 shares during the period. Hedge funds and other institutional investors own 73.67% of the company’s stock.
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.