Lsb Industries (NYSE:LXU) Sets New 1-Year High – Here’s What Happened

Shares of Lsb Industries Inc. (NYSE:LXU) hit a new 52-week high on Wednesday . The stock traded as high as $10.30 and last traded at $10.2910, with a volume of 218327 shares traded. The stock had previously closed at $9.97.

Analyst Ratings Changes

LXU has been the subject of a number of research analyst reports. Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $11.00 target price (up previously from $10.00) on shares of Lsb Industries in a research report on Tuesday, January 20th. Zacks Research lowered shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, UBS Group reiterated a “neutral” rating and set a $9.75 price objective (up from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.25.

Lsb Industries Price Performance

The firm has a market capitalization of $712.57 million, a PE ratio of -990.50 and a beta of 0.74. The firm’s fifty day moving average price is $9.19 and its 200 day moving average price is $8.70. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89.

Insider Buying and Selling

In related news, SVP Kristy Carver sold 19,550 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $9.99, for a total transaction of $195,304.50. Following the sale, the senior vice president owned 52,613 shares in the company, valued at approximately $525,603.87. This trade represents a 27.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barry H. Golsen sold 118,953 shares of Lsb Industries stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $9.19, for a total transaction of $1,093,178.07. Following the completion of the transaction, the director directly owned 96,773 shares of the company’s stock, valued at $889,343.87. The trade was a 55.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 610,823 shares of company stock valued at $5,767,726 over the last three months. 4.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Lsb Industries

Several institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in Lsb Industries in the 4th quarter valued at about $29,000. Gendell Jeffrey L boosted its stake in shares of Lsb Industries by 3.7% in the fourth quarter. Gendell Jeffrey L now owns 2,134,130 shares of the conglomerate’s stock worth $18,140,000 after acquiring an additional 75,323 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Lsb Industries by 12.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 965,757 shares of the conglomerate’s stock worth $8,209,000 after acquiring an additional 109,603 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Lsb Industries during the fourth quarter worth approximately $461,000. Finally, Wells Fargo & Company MN lifted its holdings in Lsb Industries by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 60,384 shares of the conglomerate’s stock valued at $513,000 after purchasing an additional 19,090 shares in the last quarter. 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.