Lsb Industries (NYSE:LXU) Director Sells $65,130.00 in Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $10.02, for a total value of $65,130.00. Following the completion of the sale, the director owned 47,010 shares of the company’s stock, valued at $471,040.20. This trade represents a 12.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lsb Industries Price Performance

NYSE LXU traded up $0.14 on Friday, reaching $9.89. 548,034 shares of the stock traded hands, compared to its average volume of 590,009. Lsb Industries Inc. has a 12 month low of $4.88 and a 12 month high of $10.17. The company has a market cap of $711.17 million, a price-to-earnings ratio of -988.50 and a beta of 0.75. The firm’s fifty day simple moving average is $8.99 and its 200 day simple moving average is $8.57. The company has a quick ratio of 2.63, a current ratio of 2.84 and a debt-to-equity ratio of 0.89.

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

Analyst Upgrades and Downgrades

LXU has been the subject of several research reports. UBS Group restated a “neutral” rating and set a $9.75 price objective (up previously from $9.50) on shares of Lsb Industries in a research report on Monday, January 12th. Wall Street Zen raised shares of Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Zacks Research upgraded shares of Lsb Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $11.00 price target (up previously from $10.00) on shares of Lsb Industries in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Brandywine Global Investment Management LLC acquired a new position in shares of Lsb Industries in the 2nd quarter valued at about $2,412,000. American Century Companies Inc. grew its position in Lsb Industries by 5.9% during the second quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock valued at $14,671,000 after purchasing an additional 104,355 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Lsb Industries in the 3rd quarter valued at approximately $650,000. JB Capital Partners LP purchased a new stake in Lsb Industries in the 2nd quarter worth approximately $529,000. Finally, Intech Investment Management LLC boosted its stake in shares of Lsb Industries by 14.1% during the 3rd quarter. Intech Investment Management LLC now owns 24,662 shares of the conglomerate’s stock valued at $194,000 after buying an additional 3,039 shares during the period. Hedge funds and other institutional investors own 73.67% of the company’s stock.

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.