LSB Industries Inc. (LXU) Shares Up 5.4%
LSB Industries Inc. (NYSE:LXU) shot up 5.4% on Monday . The stock traded as high as $11.61 and last traded at $11.61, with a volume of 273,405 shares trading hands. The stock had previously closed at $11.02.
Several brokerages have recently weighed in on LXU. Zacks Investment Research cut LSB Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Avondale Partners reissued an “outperform” rating and issued a $15.00 price target 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 company’s 50 day moving average is $11.83 and its 200 day moving average is $11.19. The firm’s market cap is $325.72 million.
LSB Industries (NYSE:LXU) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by $0.36. The company earned $109.98 million during the quarter, compared to the consensus estimate of $167.65 million. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. Equities research analysts forecast that LSB Industries Inc. will post ($2.40) earnings per share for the current year.
In related news, major shareholder Lsb Funding Llc sold 34,422 shares of LSB Industries stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through this link.
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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