Lsb Industries (NYSE:LXU) Sets New 12-Month High – Here’s What Happened

Lsb Industries Inc. (NYSE:LXU)’s share price reached a new 52-week high on Saturday . The stock traded as high as $10.44 and last traded at $10.0630, with a volume of 379098 shares changing hands. The stock had previously closed at $9.99.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday, December 29th. Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $11.00 price objective (up previously from $10.00) on shares of Lsb Industries in a research report on Tuesday, January 20th. Zacks Research cut shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $9.75 target price (up from $9.50) on shares of Lsb Industries in a research report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.25.

Lsb Industries Stock Up 0.7%

The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63. The stock has a 50 day simple moving average of $9.30 and a 200-day simple moving average of $8.77. The firm has a market cap of $723.93 million, a PE ratio of -1,006.30 and a beta of 0.74.

Insider Activity

In other Lsb Industries news, Director Barry H. Golsen sold 118,953 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $9.19, for a total transaction of $1,093,178.07. Following the completion of the sale, the director directly owned 96,773 shares in the company, valued at approximately $889,343.87. This trade represents a 55.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kristy Carver sold 19,550 shares of Lsb Industries stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total transaction of $195,304.50. Following the completion of the transaction, the senior vice president directly owned 52,613 shares of the company’s stock, valued at $525,603.87. This trade represents a 27.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 610,823 shares of company stock valued at $5,767,726. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Lsb Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in Lsb Industries in the 4th quarter worth approximately $29,000. Russell Investments Group Ltd. boosted its stake in 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 purchasing an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Lsb Industries in the 3rd quarter worth $42,000. Tower Research Capital LLC TRC raised its stake in shares of Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 2,856 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Lsb Industries in the third quarter worth $94,000. Institutional investors own 73.67% of the company’s stock.

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.