Lsb Industries (NYSE:LXU) Issues Earnings Results, Beats Expectations By $998.82 EPS

Lsb Industries (NYSE:LXU) issued its quarterly earnings results on Wednesday. The conglomerate reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $998.82, reports. Lsb Industries had a positive return on equity of 2.70% and a negative net margin of 0.11%.

Lsb Industries Price Performance

Shares of NYSE:LXU traded up $0.01 during trading on Wednesday, reaching $10.07. The stock had a trading volume of 395,367 shares, compared to its average volume of 489,769. Lsb Industries has a 52 week low of $4.88 and a 52 week high of $10.44. The business’s 50-day moving average price is $9.37 and its 200 day moving average price is $8.84. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63. The stock has a market capitalization of $724.55 million, a PE ratio of -1,007.10 and a beta of 0.74.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Lsb Industries news, Director Barry H. Golsen sold 17,813 shares of Lsb Industries stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $10.04, for a total value of $178,842.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kristy Carver sold 19,550 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total value of $195,304.50. Following the sale, the senior vice president owned 52,613 shares in the company, valued at $525,603.87. The trade was a 27.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 610,823 shares of company stock worth $5,767,726 in the last three months. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Lsb Industries

A number of institutional investors have recently modified their holdings of LXU. Kestra Advisory Services LLC bought a new stake 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% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after buying an additional 4,350 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Lsb Industries during the third quarter worth $42,000. Tower Research Capital LLC TRC lifted 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 acquiring an additional 2,856 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in Lsb Industries in the fourth quarter valued at about $97,000. 73.67% of the stock is owned by institutional investors.

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.