Lsb Industries (NYSE:LXU) Director Sells 54,316 Shares

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 54,316 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $9.03, for a total value of $490,473.48. Following the sale, the director directly owned 179,526 shares of the company’s stock, valued at $1,621,119.78. This represents a 23.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Lsb Industries Trading Down 0.1%

Shares of NYSE LXU traded down $0.01 during mid-day trading on Monday, hitting $8.90. The company’s stock had a trading volume of 344,791 shares, compared to its average volume of 440,090. The stock has a market cap of $639.91 million, a price-to-earnings ratio of -889.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63. Lsb Industries Inc. has a one year low of $4.88 and a one year high of $9.98. The company’s fifty day simple moving average is $8.91 and its 200-day simple moving average is $8.38.

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. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. The business had revenue of $155.43 million during the quarter, compared to the consensus estimate of $138.30 million. On average, sell-side analysts anticipate that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Lsb Industries

A number of institutional investors have recently modified their holdings of the company. PharVision Advisers LLC acquired a new stake in Lsb Industries in the 3rd quarter valued at $573,000. Verition Fund Management LLC increased its holdings in Lsb Industries by 17.3% during the third quarter. Verition Fund Management LLC now owns 55,298 shares of the conglomerate’s stock worth $436,000 after buying an additional 8,136 shares during the last quarter. Quarry LP bought a new stake in shares of Lsb Industries in the 3rd quarter valued at about $94,000. Millennium Management LLC lifted its position in shares of Lsb Industries by 29.6% in the third quarter. Millennium Management LLC now owns 19,881 shares of the conglomerate’s stock valued at $157,000 after buying an additional 4,545 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Lsb Industries by 10.3% during the 3rd quarter. Bank of America Corp DE now owns 156,700 shares of the conglomerate’s stock valued at $1,235,000 after purchasing an additional 14,580 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LXU. Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Royal Bank Of Canada increased their target price on Lsb Industries from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. UBS Group restated a “neutral” rating and set a $9.50 target price (up from $9.25) on shares of Lsb Industries in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.83.

About Lsb Industries

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.