Lsb Industries (NYSE:LXU) Director Lynn White Sells 40,000 Shares

Lsb Industries Inc. (NYSE:LXU) Director Lynn White sold 40,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total transaction of $472,000.00. Following the completion of the transaction, the director owned 202,489 shares in the company, valued at $2,389,370.20. The trade was a 16.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Lsb Industries Price Performance

LXU stock opened at $11.73 on Friday. The firm’s 50-day moving average price is $13.86 and its two-hundred day moving average price is $11.71. Lsb Industries Inc. has a 12-month low of $7.09 and a 12-month high of $17.22. The stock has a market capitalization of $843.48 million, a price-to-earnings ratio of 18.61 and a beta of 0.31. The company has a current ratio of 3.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.81.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.14. The firm had revenue of $169.49 million for the quarter, compared to analysts’ expectations of $166.19 million. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. As a group, equities analysts predict that Lsb Industries Inc. will post 0.53 earnings per share for the current year.

Hedge Funds Weigh In On Lsb Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in shares of Lsb Industries during the fourth quarter valued at approximately $29,000. Russell Investments Group Ltd. increased its stake in shares of Lsb Industries by 2,900.0% during the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Lsb Industries during the third quarter valued at approximately $42,000. Tower Research Capital LLC TRC increased its stake 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 valued at $47,000 after purchasing an additional 2,856 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Lsb Industries during the third quarter valued at approximately $94,000. Institutional investors own 73.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LXU shares. Jefferies Financial Group lifted their target price on shares of Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $15.00 target price (up from $14.00) on shares of Lsb Industries in a research note on Monday, May 11th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.33.

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.