Kristy Carver Sells 9,554 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) SVP Kristy Carver sold 9,554 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.38, for a total transaction of $118,278.52. Following the completion of the transaction, the senior vice president owned 47,452 shares of the company’s stock, valued at $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lsb Industries Trading Down 0.7%

Lsb Industries stock opened at $11.85 on Thursday. The stock has a market capitalization of $852.78 million, a PE ratio of 18.82 and a beta of 0.31. Lsb Industries Inc. has a 12-month low of $7.09 and a 12-month high of $17.22. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.07 and a quick ratio of 2.85. The firm has a 50 day simple moving average of $13.92 and a 200-day simple moving average of $11.68.

Lsb Industries (NYSE:LXU) last issued its earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.14. The firm had revenue of $169.49 million during the quarter, compared to analysts’ expectations of $166.19 million. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. As a group, equities research analysts expect that Lsb Industries Inc. will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Lsb Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LXU. Kestra Advisory Services LLC bought a new position in shares of Lsb Industries during the 4th quarter valued at $29,000. Russell Investments Group Ltd. boosted its position in shares of Lsb Industries by 2,900.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 4,350 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Lsb Industries during the 3rd quarter valued at about $42,000. Tower Research Capital LLC TRC boosted its position in shares of Lsb Industries by 90.3% during the 2nd 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 in the last quarter. Finally, Quarry LP acquired a new stake in shares of Lsb Industries during the 3rd quarter valued at about $94,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on LXU shares. Wall Street Zen cut shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Jefferies Financial Group raised their target price on shares of Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, March 12th. Royal Bank Of Canada restated a “sector perform” rating and set a $15.00 target price (up from $14.00) on shares of Lsb Industries in a report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.33.

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.