Barry Golsen Sells 25,501 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 25,501 shares of Lsb Industries stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $10.04, for a total value of $256,030.04. Following the transaction, the director owned 13,386 shares in the company, valued at approximately $134,395.44. This represents a 65.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Lsb Industries Stock Down 5.2%

Shares of Lsb Industries stock opened at $9.80 on Friday. The company has a market capitalization of $704.65 million, a P/E ratio of -979.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63. The business has a 50-day moving average of $9.17 and a two-hundred day moving average of $8.70. Lsb Industries Inc. has a 1 year low of $4.88 and a 1 year high of $10.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LXU. UBS Group reissued 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $11.00 price target (up previously from $10.00) on shares of Lsb Industries in a research note on Tuesday, January 20th. Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Zacks Research downgraded Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. One 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. Based on data from MarketBeat.com, Lsb Industries presently has a consensus rating of “Hold” and a consensus price target of $10.25.

Institutional Investors Weigh In On Lsb Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in LXU. Russell Investments Group Ltd. grew its holdings in shares of Lsb Industries by 2,900.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Lsb Industries during the third quarter valued at approximately $42,000. Tower Research Capital LLC TRC grew its stake in Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 2,856 shares in the last quarter. Quarry LP acquired a new position in shares of Lsb Industries during the 3rd quarter worth approximately $94,000. Finally, Orion Porfolio Solutions LLC raised its stake 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 worth $97,000 after purchasing an additional 2,148 shares in the last quarter. 73.67% of the stock is owned by institutional investors.

Lsb Industries Company Profile

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.