Lsb Industries (NYSE:LXU) Stock: Insider Jonathan Ackerman Buys 1,000 Shares

Lsb Industries Inc. (NYSE:LXU) Director Jonathan Ackerman bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were acquired at an average cost of $10.17 per share, with a total value of $10,170.00. Following the purchase, the director directly owned 12,252 shares of the company’s stock, valued at $124,602.84. This trade represents a 8.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Lsb Industries Stock Performance

Shares of LXU stock opened at $10.38 on Wednesday. The company has a market cap of $746.98 million, a P/E ratio of 20.75 and a beta of 0.44. The stock has a 50 day simple moving average of $10.52 and a two-hundred day simple moving average of $11.71. Lsb Industries Inc. has a fifty-two week low of $8.12 and a fifty-two week high of $17.22.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.42). The business had revenue of $168.09 million during the quarter, compared to analysts’ expectations of $155.45 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LXU. BlackRock Inc. acquired a new stake in Lsb Industries in the second quarter valued at approximately $50,802,000. Dimensional Fund Advisors LP raised its position in shares of Lsb Industries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate’s stock worth $36,241,000 after purchasing an additional 57,999 shares during the period. Robotti Robert bought a new position in shares of Lsb Industries in the 2nd quarter worth $22,914,000. Renaissance Technologies LLC lifted its holdings in shares of Lsb Industries by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock worth $26,708,000 after purchasing an additional 46,613 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Lsb Industries in the 1st quarter worth $11,458,000. Institutional investors own 73.67% of the company’s stock.

Analyst Upgrades and Downgrades

LXU has been the topic of several research analyst reports. Freedom Broker initiated coverage on shares of Lsb Industries in a research note on Tuesday. They set a “hold” rating and a $9.50 target price on the stock. Wall Street Zen cut shares of Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Lsb Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 16th. Royal Bank Of Canada raised shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target for the company in a research note on Monday, August 10th. Finally, set a $13.00 price objective on shares of Lsb Industries and gave the company an “outperform” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.38.

About Lsb Industries

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.