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

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

Lsb Industries Stock Performance

Shares of NYSE LXU traded up $0.14 during midday trading on Friday, hitting $9.89. The company’s stock had a trading volume of 548,034 shares, compared to its average volume of 590,009. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.63 and a current ratio of 2.84. Lsb Industries Inc. has a 1-year low of $4.88 and a 1-year high of $10.17. The firm’s fifty day moving average price is $8.99 and its 200-day moving average price is $8.57. The firm has a market cap of $711.17 million, a P/E ratio of -988.50 and a beta of 0.75.

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

Analysts Set New Price Targets

LXU has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday, December 29th. UBS Group restated 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 previously from $10.00) on shares of Lsb Industries in a report on Tuesday. Zacks Research upgraded shares of Lsb Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Wall Street Zen raised shares of Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lsb Industries has an average rating of “Moderate Buy” and a consensus target price of $10.25.

Institutional Investors Weigh In On Lsb Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings in Lsb Industries by 2,900.0% in the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 4,350 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Lsb Industries during the 3rd quarter worth about $42,000. Tower Research Capital LLC TRC raised 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 worth $47,000 after buying an additional 2,856 shares in the last quarter. Quarry LP acquired a new stake in shares of Lsb Industries in the 3rd quarter worth approximately $94,000. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of Lsb Industries by 21.0% in the third quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after acquiring an additional 2,148 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors.

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.