Insider Selling: Lsb Industries (NYSE:LXU) Director Sells 27,054 Shares of Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 27,054 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $9.07, for a total transaction of $245,379.78. Following the transaction, the director directly owned 220,442 shares of the company’s stock, valued at $1,999,408.94. This represents a 10.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Lsb Industries Stock Performance

Shares of LXU stock traded up $0.04 during mid-day trading on Tuesday, reaching $8.74. The stock had a trading volume of 421,928 shares, compared to its average volume of 440,267. Lsb Industries Inc. has a one year low of $4.88 and a one year high of $9.98. The firm has a market cap of $628.76 million, a PE ratio of -874.00 and a beta of 0.81. The firm’s 50 day simple moving average is $8.85 and its 200 day simple moving average is $8.34. 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 (NYSE:LXU) last posted its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $155.43 million for the quarter, compared to the consensus estimate of $138.30 million. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. On average, analysts forecast that Lsb Industries Inc. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LXU. Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday. UBS Group reiterated a “neutral” rating and set a $9.50 target price (up previously from $9.25) on shares of Lsb Industries in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada lifted their price target on shares of Lsb Industries from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.83.

Institutional Trading of Lsb Industries

Several institutional investors and hedge funds have recently made changes to their positions in LXU. Quantbot Technologies LP bought a new position in shares of Lsb Industries in the 1st quarter worth $29,000. Russell Investments Group Ltd. lifted its stake 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 valued at $35,000 after buying an additional 4,350 shares during the period. Aquatic Capital Management LLC bought a new position in Lsb Industries during the third quarter worth about $42,000. Tower Research Capital LLC TRC grew 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 during the period. Finally, Aigen Investment Management LP acquired a new position in shares of Lsb Industries during the 1st quarter worth about $69,000. Institutional investors own 73.67% of the company’s stock.

Lsb Industries Company Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.