Lsb Industries (NYSE:LXU) Releases Earnings Results, Beats Estimates By $998.82 EPS

Lsb Industries (NYSE:LXU) posted its earnings results on Wednesday. The conglomerate reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $998.82, reports. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%.

Lsb Industries Price Performance

Shares of LXU traded up $0.01 during midday trading on Wednesday, hitting $10.07. 395,367 shares of the company traded hands, compared to its average volume of 489,769. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.63 and a current ratio of 2.84. The stock has a market cap of $724.55 million, a price-to-earnings ratio of -1,007.10 and a beta of 0.74. Lsb Industries has a 52 week low of $4.88 and a 52 week high of $10.44. The firm has a 50 day moving average of $9.35 and a 200-day moving average of $8.83.

Analyst Upgrades and Downgrades

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

Insider Activity at Lsb Industries

In other news, Director Barry H. Golsen sold 118,953 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $9.19, for a total transaction of $1,093,178.07. Following the sale, the director directly owned 96,773 shares of the company’s stock, valued at $889,343.87. This represents a 55.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kristy Carver sold 19,550 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total value of $195,304.50. Following the sale, the senior vice president directly owned 52,613 shares in the company, valued at $525,603.87. The trade was a 27.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 610,823 shares of company stock valued at $5,767,726 in the last 90 days. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LXU. Tudor Investment Corp ET AL grew its holdings in Lsb Industries by 581.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 342,894 shares of the conglomerate’s stock valued at $2,915,000 after purchasing an additional 292,599 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Lsb Industries during the 2nd quarter worth approximately $1,694,000. JPMorgan Chase & Co. boosted its holdings in Lsb Industries by 104.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock valued at $2,881,000 after acquiring an additional 187,108 shares during the period. Lazard Asset Management LLC boosted its holdings in Lsb Industries by 301.7% during the 4th quarter. Lazard Asset Management LLC now owns 205,236 shares of the conglomerate’s stock valued at $1,745,000 after acquiring an additional 154,150 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Lsb Industries by 825.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 166,639 shares of the conglomerate’s stock valued at $1,313,000 after acquiring an additional 148,634 shares during the last quarter. 73.67% of the stock is owned by hedge funds and other institutional investors.

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.