LSB Industries Inc. (LXU) Trading Up 13.8%
LSB Industries Inc. (NYSE:LXU)’s share price was up 13.8% during trading on Tuesday . The stock traded as high as $13.20 and last traded at $13.19, with a volume of 552,650 shares changing hands. The stock had previously closed at $11.59.
Several equities analysts have commented on LXU shares. Zacks Investment Research raised shares of LSB Industries from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Avondale Partners reissued an “outperform” rating and issued a $15.00 target price on shares of LSB Industries in a report on Monday, May 9th. Finally, Feltl & Co. raised shares of LSB Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, May 6th.
The stock’s market cap is $302.37 million. The company’s 50-day moving average is $12.70 and its 200-day moving average is $10.32.
LSB Industries (NYSE:LXU) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.23. The firm earned $165.60 million during the quarter, compared to analysts’ expectations of $161.43 million. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. On average, equities research analysts predict that LSB Industries Inc. will post ($1.27) earnings per share for the current year.
In other news, major shareholder Lsb Funding Llc sold 34,422 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $11.92, for a total transaction of $410,310.24. Following the completion of the sale, the insider now owns 4,103,746 shares of the company’s stock, valued at $48,916,652.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
An institutional investor recently raised its position in LSB Industries stock. Oxford Asset Management raised its position in LSB Industries Inc. (NYSE:LXU) by 31.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 251,937 shares of the company’s stock after buying an additional 60,759 shares during the period. Oxford Asset Management owned 1.10% of LSB Industries worth $1,809,000 at the end of the most recent reporting period.
LSB Industries, Inc is a holding company engaged in manufacturing and marketing operations through its subsidiaries. The Company operates in two segments: Chemical Business and Climate Control Business. LSB and its wholly owned subsidiaries own businesses, which include chemical business manufactures and sells nitrogen-based chemical products for the agricultural, industrial, and mining markets and climate control business manufactures and sells a range of heating, ventilation and air conditioning (HVAC) products that include water source and geothermal heat pumps, hydronic fan coils, custom air handlers, modular geothermal and other chillers, and other related products and services.
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