Lsb Industries (NYSE:LXU) Director Barry Golsen Sells 6,500 Shares

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 6,500 shares of Lsb Industries stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $10.02, for a total value of $65,130.00. Following the completion of the transaction, the director owned 47,010 shares of the company’s stock, valued at $471,040.20. This trade represents a 12.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Lsb Industries Trading Up 1.4%

NYSE:LXU opened at $9.89 on Friday. The company has a market cap of $711.13 million, a PE ratio of -988.50 and a beta of 0.75. The business’s 50 day moving average is $8.99 and its two-hundred day moving average is $8.58. The company has a quick ratio of 2.63, a current ratio of 2.84 and a debt-to-equity ratio of 0.89. Lsb Industries Inc. has a 52 week low of $4.88 and a 52 week high of $10.17.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $155.43 million for the quarter, compared to analyst estimates of $138.30 million. On average, analysts predict that Lsb Industries Inc. will post -0.18 EPS for the current year.

Hedge Funds Weigh In On Lsb Industries

Several large investors have recently bought and sold shares of LXU. American Century Companies Inc. raised its position in shares of Lsb Industries by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock worth $15,688,000 after buying an additional 109,944 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of Lsb Industries by 1.8% during the second quarter. Systematic Financial Management LP now owns 1,817,498 shares of the conglomerate’s stock valued at $14,176,000 after acquiring an additional 32,373 shares during the period. Geode Capital Management LLC raised its holdings in Lsb Industries by 1.1% during 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 in the last quarter. Bridgeway Capital Management LLC lifted its position in Lsb Industries by 6.0% in the third quarter. Bridgeway Capital Management LLC now owns 495,270 shares of the conglomerate’s stock worth $3,903,000 after purchasing an additional 28,157 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Lsb Industries by 104.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock valued at $2,881,000 after purchasing an additional 187,108 shares in the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. UBS Group reaffirmed a “neutral” rating and issued a $9.75 price target (up from $9.50) on shares of Lsb Industries in a report on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Zacks Research raised Lsb Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $11.00 price objective (up previously from $10.00) on shares of Lsb Industries in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.25.

Lsb Industries Company Profile

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.