Lsb Industries (NYSE:LXU) Director Barry Golsen Sells 15,600 Shares of Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 15,600 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total transaction of $156,000.00. Following the sale, the director directly owned 88,173 shares in the company, valued at approximately $881,730. The trade was a 15.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Lsb Industries Price Performance

Shares of NYSE:LXU opened at $9.60 on Friday. The firm has a market cap of $690.62 million, a PE ratio of -960.00 and a beta of 0.75. Lsb Industries Inc. has a 52 week low of $4.88 and a 52 week high of $10.04. The firm’s fifty day moving average is $8.99 and its 200-day moving average is $8.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.63 and a current ratio of 2.84.

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

Key Stories Impacting Lsb Industries

Here are the key news stories impacting Lsb Industries this week:

• Negative Sentiment: CFO Cheryl Maguire sold 7,551 shares at an average of $10.00 on Jan. 14 (≈ $75,510). CFO 7,551-share sale
• Negative Sentiment: CFO Cheryl Maguire sold an additional 1,550 shares at $10.00 on Jan. 15 (≈ $15,500), reducing her position modestly. CFO 1,550-share sale
• Negative Sentiment: SVP Kristy Carver sold 19,550 shares at ~$9.99 on Jan. 14 (≈ $195,304.50), representing a large 27% reduction in her stake. SVP 19,550-share sale
• Negative Sentiment: Director Barry H. Golsen sold 15,600 shares at $10.00 on Jan. 14 (≈ $156,000), cutting his holding by ~15%. Director 15,600-share sale
• Negative Sentiment: Director Barry H. Golsen sold an additional 1,550 shares at $10.00 on Jan. 15 (≈ $15,500). Director 1,550-share sale

Wall Street Analysts Forecast Growth

LXU has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. UBS Group reaffirmed a “neutral” rating and set a $9.75 target price (up previously from $9.50) on shares of Lsb Industries in a report on Monday. Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. 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 report on Monday, November 10th. Finally, Zacks Research raised Lsb Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.92.

Institutional Trading of Lsb Industries

Several large investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC increased its holdings in Lsb Industries by 6.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 136,834 shares of the conglomerate’s stock worth $1,163,000 after acquiring an additional 7,794 shares in the last quarter. SG Americas Securities LLC increased its stake in Lsb Industries by 114.4% during the fourth quarter. SG Americas Securities LLC now owns 39,076 shares of the conglomerate’s stock worth $332,000 after acquiring an additional 20,853 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Lsb Industries by 104.8% in the third quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock worth $2,881,000 after buying an additional 187,108 shares during the last quarter. PharVision Advisers LLC bought a new position in Lsb Industries during the 3rd quarter valued at about $573,000. Finally, Verition Fund Management LLC lifted its stake in shares of Lsb Industries by 17.3% during the 3rd quarter. Verition Fund Management LLC now owns 55,298 shares of the conglomerate’s stock worth $436,000 after acquiring an additional 8,136 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors.

About Lsb Industries

LSB Industries, Inc (NYSE: LXU) is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.

Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.