LSB Industries, Inc. (NYSE:LXU) Director Lynn F. White bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $4.21 per share, with a total value of $42,100.00. Following the completion of the purchase, the director now directly owns 44,689 shares of the company’s stock, valued at approximately $188,140.69. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
LXU stock traded up $0.30 during trading on Monday, reaching $4.70. 3,872 shares of the stock traded hands, compared to its average volume of 316,614. The business’s 50 day moving average price is $4.06 and its 200-day moving average price is $5.37. LSB Industries, Inc. has a 52-week low of $2.81 and a 52-week high of $10.00. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.98 and a quick ratio of 1.75. The firm has a market capitalization of $121.18 million, a PE ratio of -1.34 and a beta of 4.30.
LSB Industries (NYSE:LXU) last posted its quarterly earnings results on Monday, July 29th. The conglomerate reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.47) by $0.42. LSB Industries had a negative return on equity of 13.19% and a negative net margin of 11.29%. The firm had revenue of $121.53 million during the quarter, compared to the consensus estimate of $97.55 million. On average, equities research analysts predict that LSB Industries, Inc. will post -2.29 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. Eidelman Virant Capital grew its position in LSB Industries by 3.5% during the second quarter. Eidelman Virant Capital now owns 460,214 shares of the conglomerate’s stock valued at $1,794,000 after acquiring an additional 15,548 shares during the period. Bank of New York Mellon Corp grew its position in LSB Industries by 2.8% during the fourth quarter. Bank of New York Mellon Corp now owns 243,612 shares of the conglomerate’s stock valued at $1,345,000 after acquiring an additional 6,585 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in LSB Industries during the fourth quarter valued at about $32,000. Dimensional Fund Advisors LP grew its position in LSB Industries by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,657,844 shares of the conglomerate’s stock valued at $9,151,000 after acquiring an additional 46,565 shares during the period. Finally, Investors Research Corp purchased a new stake in LSB Industries during the first quarter valued at about $55,000. 71.66% of the stock is owned by hedge funds and other institutional investors.
LXU has been the subject of several analyst reports. Zacks Investment Research upgraded LSB Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. ValuEngine lowered LSB Industries from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th.
LSB Industries Company Profile
LSB Industries, Inc manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. It provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.
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