Barry Golsen Sells 17,813 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 17,813 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $10.04, for a total value of $178,842.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lsb Industries Stock Down 5.2%

LXU stock opened at $9.80 on Friday. Lsb Industries Inc. has a 1-year low of $4.88 and a 1-year high of $10.40. The business’s 50 day simple moving average is $9.17 and its 200 day simple moving average is $8.70. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $704.65 million, a PE ratio of -979.50 and a beta of 0.74.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. Zacks Research cut shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Wall Street Zen upgraded shares of Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $11.00 target price (up previously from $10.00) on shares of Lsb Industries in a research report on Tuesday, January 20th. Finally, UBS Group reissued a “neutral” rating and set a $9.75 price target (up from $9.50) on shares of Lsb Industries in a report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lsb Industries currently has an average rating of “Hold” and an average price target of $10.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its position in shares of Lsb Industries by 2,900.0% in the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after buying an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Lsb Industries during the third quarter worth approximately $42,000. Tower Research Capital LLC TRC increased its stake in Lsb Industries by 90.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after acquiring an additional 2,856 shares during the period. Quarry LP acquired a new position in Lsb Industries in the 3rd quarter valued at $94,000. Finally, Orion Porfolio Solutions LLC lifted its position in shares of Lsb Industries by 21.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after acquiring an additional 2,148 shares during the period. Institutional investors and hedge funds 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.