Jonathan Ackerman Buys 1,000 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Jonathan Ackerman purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average cost of $11.30 per share, with a total value of $11,300.00. Following the completion of the purchase, the director directly owned 11,252 shares in the company, valued at $127,147.60. The trade was a 9.75% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Lsb Industries Price Performance

LXU opened at $11.06 on Friday. The business has a fifty day moving average of $10.90 and a 200 day moving average of $12.49. The stock has a market cap of $796.68 million, a P/E ratio of 22.13 and a beta of 0.31. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. Lsb Industries Inc. has a 52-week low of $7.71 and a 52-week high of $17.22.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.42). The business had revenue of $168.09 million for the quarter, compared to the consensus estimate of $155.45 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%. As a group, sell-side analysts anticipate that Lsb Industries Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LXU shares. Wall Street Zen downgraded shares of Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings lowered Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada raised Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Persistent Asset Partners Ltd bought a new stake in Lsb Industries during the second quarter valued at about $47,000. MQS Management LLC purchased a new stake in shares of Lsb Industries during the first quarter valued at about $172,000. Cibc World Market Inc. bought a new stake in shares of Lsb Industries in the 2nd quarter valued at about $140,000. PDT Partners LLC purchased a new position in shares of Lsb Industries in the 2nd quarter worth approximately $145,000. Finally, Arizona State Retirement System purchased a new position in shares of Lsb Industries in the 2nd quarter worth approximately $166,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Lsb Industries Company Profile

LSB Industries, Inc is a diversified chemical company that manufactures nitrogen-based fertilizer and industrial products. Its agricultural offerings include ammonia, urea ammonium nitrate (UAN) and ammonium nitrate, which are used by farmers and agricultural distributors to support crop production.

The company also produces industrial chemicals, including ammonia and nitric acid, for applications in areas such as emissions control, chemical processing, mining and other industrial markets.