LSB Industries Inc. (LXU) Trading 13.8% Higher
LSB Industries Inc. (NYSE:LXU) traded up 13.8% during mid-day trading on Tuesday . The stock traded as high as $13.20 and last traded at $13.19, with a volume of 552,650 shares. The stock had previously closed at $11.59.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded LSB Industries from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Avondale Partners restated an “outperform” rating and set a $15.00 price objective on shares of LSB Industries in a report on Monday, May 9th. Finally, Feltl & Co. upgraded LSB Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, May 6th.
The stock’s market capitalization is $311.44 million. The firm’s 50 day moving average price is $12.74 and its 200 day moving average price is $10.28.
LSB Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.23. The firm had revenue of $165.60 million for the quarter, compared to the consensus estimate of $161.43 million. The firm’s revenue was down 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. Analysts predict that LSB Industries Inc. will post ($1.27) earnings per share for the current fiscal year.
In other news, major shareholder Lsb Funding Llc sold 34,422 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were 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 in the company, valued at approximately $48,916,652.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
A hedge fund recently raised its stake in LSB Industries stock. Oxford Asset Management increased its stake 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 institutional investor 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 as of its most recent filing with the SEC.
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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