Lsb Industries (NYSE:LXU) Director Sells $159,737.78 in Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 15,926 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $10.03, for a total value of $159,737.78. Following the completion of the transaction, the director owned 35,043 shares of the company’s stock, valued at $351,481.29. The trade was a 31.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lsb Industries Stock Up 1.4%

LXU traded up $0.14 on Friday, hitting $9.89. 548,034 shares of the company were exchanged, compared to its average volume of 590,009. The stock’s fifty day moving average is $8.99 and its 200-day moving average is $8.57. Lsb Industries Inc. has a 12 month low of $4.88 and a 12 month high of $10.17. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.63 and a current ratio of 2.84. The company has a market cap of $711.17 million, a PE ratio of -988.50 and a beta of 0.75.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Lsb Industries had a positive return on equity of 2.70% and a negative net margin of 0.11%.The firm had revenue of $155.43 million during the quarter, compared to the consensus estimate of $138.30 million. Equities research analysts predict that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on LXU. Zacks Research upgraded shares of Lsb Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. UBS Group reissued a “neutral” rating and set a $9.75 price target (up previously from $9.50) on shares of Lsb Industries in a research report on Monday, January 12th. 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 research report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in shares of Lsb Industries by 7.4% during the first quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock worth $257,000 after purchasing an additional 2,692 shares during the period. Empowered Funds LLC bought a new stake in shares of Lsb Industries during the 1st quarter valued at $697,000. Geode Capital Management LLC increased its position in shares of Lsb Industries by 1.1% in the second quarter. Geode Capital Management LLC now owns 1,261,020 shares of the conglomerate’s stock worth $9,838,000 after purchasing an additional 14,313 shares during the period. JPMorgan Chase & Co. lifted its position in Lsb Industries by 22.3% during the second quarter. JPMorgan Chase & Co. now owns 178,493 shares of the conglomerate’s stock worth $1,392,000 after purchasing an additional 32,516 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new stake in Lsb Industries during the second quarter worth about $2,412,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

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.