Insider Selling: Lsb Industries (NYSE:LXU) Director Sells 40,000 Shares of Stock

Lsb Industries Inc. (NYSE:LXU) Director Lynn White sold 40,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total transaction of $472,000.00. Following the transaction, the director owned 202,489 shares in the company, valued at approximately $2,389,370.20. This represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lsb Industries Stock Down 1.3%

Shares of Lsb Industries stock traded down $0.16 on Thursday, hitting $11.73. 718,404 shares of the company traded hands, compared to its average volume of 1,212,917. The company has a 50-day moving average price of $13.92 and a 200 day moving average price of $11.68. The company has a quick ratio of 2.85, a current ratio of 3.07 and a debt-to-equity ratio of 0.81. Lsb Industries Inc. has a 12-month low of $7.09 and a 12-month high of $17.22. The company has a market cap of $843.50 million, a PE ratio of 18.61 and a beta of 0.31.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.27 EPS for the quarter, beating the consensus estimate of $0.13 by $0.14. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. The business had revenue of $169.49 million for the quarter, compared to analysts’ expectations of $166.19 million. Sell-side analysts predict that Lsb Industries Inc. will post 0.53 earnings per share for the current year.

Institutional Investors Weigh In On Lsb Industries

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in Lsb Industries during the fourth quarter valued at about $29,000. Russell Investments Group Ltd. boosted its holdings in Lsb Industries by 2,900.0% during the third 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 during the period. Aquatic Capital Management LLC bought a new stake in Lsb Industries during the third quarter valued at about $42,000. Tower Research Capital LLC TRC boosted its holdings in 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, Quarry LP bought a new stake in Lsb Industries during the third quarter valued at about $94,000. 73.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.