LSB Industries Inc. (LXU) Shares Up 4.2%
LSB Industries Inc. (NYSE:LXU)’s share price shot up 4.2% on Tuesday . The stock traded as high as $12.84 and last traded at $12.02, with a volume of 541,557 shares changing hands. The stock had previously closed at $11.54.
Several research firms have weighed in on LXU. Zacks Investment Research cut LSB Industries from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. Avondale Partners reaffirmed an “outperform” rating and set a $15.00 target price on shares of LSB Industries in a research note on Monday, May 9th. Finally, Feltl & Co. raised LSB Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 6th.
The stock’s market capitalization is $283.28 million. The company’s 50 day moving average is $11.92 and its 200 day moving average is $11.10.
LSB Industries (NYSE:LXU) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by $0.36. The company earned $109.98 million during the quarter, compared to analyst estimates of $167.65 million. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. Equities analysts expect that LSB Industries Inc. will post ($1.49) earnings per share for the current year.
In related news, major shareholder Lsb Funding Llc sold 34,422 shares of the firm’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $11.92, for a total value of $410,310.24. Following the transaction, the insider now owns 4,103,746 shares in the company, valued at $48,916,652.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
A hedge fund recently raised its stake in LSB Industries stock. Russell Frank Co boosted its stake in shares of LSB Industries Inc. (NYSE:LXU) by 63.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 273,827 shares of the company’s stock after buying an additional 106,429 shares during the period. Russell Frank Co owned 1.20% of LSB Industries worth $1,966,000 as of its most recent SEC filing.
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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