Key Points
- Director Barry Golsen sold 112,268 shares on December 4 at an average price of $9.16 for total proceeds of $1,028,374.88, reducing his stake by 31.77% to 241,146 shares (~$2.21M).
- Lsb reported quarterly EPS of $0.10 and revenue of $155.43M (both above estimates), but the company still posted a slight negative net margin (‑0.11%) and analysts expect full‑year EPS of about ‑0.18.
- Analysts are mixed with an average rating of "Hold" and a $9.83 average price target; the stock trades around $8.74 (52‑week range $4.88–$9.98) and has a market cap of roughly $629M.
Lsb Industries Inc. (NYSE:LXU - Get Free Report) Director Barry Golsen sold 27,054 shares of the business's stock in a transaction on Friday, December 5th. The stock was sold at an average price of $9.07, for a total transaction of $245,379.78. Following the sale, the director owned 220,442 shares in the company, valued at $1,999,408.94. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Lsb Industries Stock Performance
Shares of LXU stock opened at $8.74 on Wednesday. Lsb Industries Inc. has a 1 year low of $4.88 and a 1 year high of $9.98. The stock has a market cap of $628.76 million, a PE ratio of -874.00 and a beta of 0.81. The stock has a fifty day moving average price of $8.87 and a 200 day moving average price of $8.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.63 and a current ratio of 2.84.
Lsb Industries (NYSE:LXU - Get Free Report) last posted its earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $155.43 million during the quarter, compared to the consensus estimate of $138.30 million. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. Sell-side analysts forecast that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on LXU shares. Wall Street Zen raised shares of Lsb Industries from a "hold" rating to a "buy" rating in a research note on Saturday, November 22nd. Royal Bank Of Canada raised their target price on shares of Lsb Industries from $9.00 to $10.00 and gave the stock an "outperform" rating in a research report on Monday, November 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lsb Industries in a report on Monday. Finally, UBS Group reissued a "neutral" rating and set a $9.50 price target (up previously from $9.25) on shares of Lsb Industries in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.83.
Read Our Latest Stock Report on LXU
Institutional Trading of Lsb Industries
Several institutional investors have recently made changes to their positions in LXU. PharVision Advisers LLC purchased a new position in shares of Lsb Industries in the 3rd quarter worth $573,000. Verition Fund Management LLC increased its stake 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 acquiring an additional 8,136 shares during the last quarter. Quarry LP purchased a new position in shares of Lsb Industries in the 3rd quarter worth about $94,000. Millennium Management LLC lifted its stake in shares of Lsb Industries by 29.6% in the 3rd quarter. Millennium Management LLC now owns 19,881 shares of the conglomerate's stock valued at $157,000 after purchasing an additional 4,545 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Lsb Industries by 10.3% during the 3rd quarter. Bank of America Corp DE now owns 156,700 shares of the conglomerate's stock worth $1,235,000 after purchasing an additional 14,580 shares during the period. 73.67% of the stock is owned by hedge funds and other institutional investors.
About Lsb Industries
(
Get Free Report)
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.
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