Lsb Industries (NYSE:LXU) Director Jonathan Ackerman Acquires 1,000 Shares of Stock

Lsb Industries Inc. (NYSE:LXU) Director Jonathan Ackerman bought 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was bought at an average cost of $11.30 per share, with a total value of $11,300.00. Following the completion of the purchase, the director owned 11,252 shares of the company’s stock, valued at approximately $127,147.60. The trade was a 9.75% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lsb Industries Stock Performance

Shares of Lsb Industries stock opened at $11.30 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.43 and a quick ratio of 2.31. The firm has a market cap of $813.94 million, a P/E ratio of 22.61 and a beta of 0.31. The firm has a 50 day simple moving average of $10.89 and a 200 day simple moving average of $12.50. Lsb Industries Inc. has a fifty-two week low of $7.71 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 firm had revenue of $168.09 million for the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. Sell-side analysts predict that Lsb Industries Inc. will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lsb Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Lsb Industries in the second quarter valued at approximately $50,802,000. Robotti Robert bought a new position in shares of Lsb Industries during the 2nd quarter worth approximately $22,914,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Lsb Industries during the 1st quarter worth approximately $11,458,000. Empowered Funds LLC acquired a new position in shares of Lsb Industries during the 2nd quarter worth approximately $3,845,000. Finally, Hillsdale Investment Management Inc. bought a new stake in Lsb Industries in the 1st quarter valued at $4,416,000. 73.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. 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, Weiss Ratings downgraded shares of Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Lsb Industries currently has an average rating of “Hold” and an average target price of $14.67.

About Lsb Industries

LSB Industries, Inc is a diversified chemical company that manufactures nitrogen-based fertilizer and industrial products. Its agricultural offerings include ammonia, urea ammonium nitrate (UAN) and ammonium nitrate, which are used by farmers and agricultural distributors to support crop production.

The company also produces industrial chemicals, including ammonia and nitric acid, for applications in areas such as emissions control, chemical processing, mining and other industrial markets.