Barry Golsen Sells 3,321 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 3,321 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $10.00, for a total transaction of $33,210.00. Following the completion of the transaction, the director directly owned 32,548 shares in the company, valued at $325,480. This represents a 9.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lsb Industries Price Performance

Shares of LXU stock opened at $9.80 on Friday. Lsb Industries Inc. has a twelve month low of $4.88 and a twelve month high of $10.40. 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 stock has a fifty day simple moving average of $9.17 and a two-hundred day simple moving average of $8.70. The stock has a market capitalization of $704.65 million, a price-to-earnings ratio of -979.50 and a beta of 0.74.

Institutional Trading of Lsb Industries

Several institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its stake in Lsb Industries by 2,900.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after buying an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Lsb Industries in the third quarter worth approximately $42,000. Tower Research Capital LLC TRC increased its position in shares of Lsb Industries by 90.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 2,856 shares in the last quarter. Quarry LP acquired a new position in Lsb Industries in the 3rd quarter valued at $94,000. Finally, Orion Porfolio Solutions LLC lifted its holdings in Lsb Industries by 21.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after purchasing an additional 2,148 shares in the last quarter. 73.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LXU. Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday, December 29th. UBS Group reiterated a “neutral” rating and issued a $9.75 price target (up previously from $9.50) on shares of Lsb Industries in a report on Monday, January 12th. Zacks Research lowered shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $11.00 price objective (up from $10.00) on shares of Lsb Industries in a report on Tuesday, January 20th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.25.

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.