Barry Golsen Sells 112,268 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 112,268 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $9.16, for a total transaction of $1,028,374.88. Following the completion of the transaction, the director directly owned 241,146 shares of the company’s stock, valued at approximately $2,208,897.36. The trade was a 31.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lsb Industries Stock Up 0.5%

NYSE:LXU traded up $0.04 during mid-day trading on Tuesday, hitting $8.74. 421,928 shares of the company’s stock were exchanged, compared to its average volume of 440,267. The company has a market cap of $628.76 million, a PE ratio of -874.00 and a beta of 0.81. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63. Lsb Industries Inc. has a one year low of $4.88 and a one year high of $9.98. The business has a fifty day moving average price of $8.85 and a 200 day moving average price of $8.34.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $155.43 million during the quarter, compared to analyst estimates of $138.30 million. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. Equities analysts predict that Lsb Industries Inc. will post -0.18 EPS for the current year.

Institutional Trading of Lsb Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its position in shares of Lsb Industries by 5.8% in the 3rd quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock worth $15,688,000 after buying an additional 109,944 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of Lsb Industries by 1.8% during the 2nd quarter. Systematic Financial Management LP now owns 1,817,498 shares of the conglomerate’s stock valued at $14,176,000 after buying an additional 32,373 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Lsb Industries by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,261,020 shares of the conglomerate’s stock valued at $9,838,000 after purchasing an additional 14,313 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Lsb Industries by 20.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 572,409 shares of the conglomerate’s stock worth $3,772,000 after purchasing an additional 98,810 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in Lsb Industries by 6.0% during the third quarter. Bridgeway Capital Management LLC now owns 495,270 shares of the conglomerate’s stock worth $3,903,000 after acquiring an additional 28,157 shares during the period. 73.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LXU. Royal Bank Of Canada increased their price target on shares of Lsb Industries from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. UBS Group reaffirmed a “neutral” rating and issued a $9.50 target price (up from $9.25) on shares of Lsb Industries in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday. Finally, Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.83.

About Lsb Industries

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.