Key Points
- Director Barry Golsen sold 54,316 shares on Dec. 11 at an average price of $9.03 for $490,473.48, reducing his holding by 23.23% to 179,526 shares (≈$1.62M).
- Company results and analyst view are mixed: LSB beat quarterly EPS ($0.10 vs. $0.07) and revenue ($155.43M vs. $138.3M) but has a slight negative net margin and a consensus "Hold" rating with an average price target of $9.83.
Lsb Industries Inc. (NYSE:LXU - Get Free Report) Director Barry Golsen sold 30,072 shares of Lsb Industries stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $9.04, for a total value of $271,850.88. Following the completion of the transaction, the director owned 156,954 shares of the company's stock, valued at approximately $1,418,864.16. This represents a 16.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Lsb Industries Stock Down 0.1%
Shares of LXU opened at $8.90 on Tuesday. The firm has a market cap of $639.91 million, a P/E ratio of -889.50 and a beta of 0.81. Lsb Industries Inc. has a 12 month low of $4.88 and a 12 month high of $9.98. The stock's 50 day moving average is $8.91 and its two-hundred day moving average is $8.39. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89.
Lsb Industries (NYSE:LXU - Get Free Report) last announced its earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Lsb Industries had a positive return on equity of 2.70% and a negative net margin of 0.11%.The business had revenue of $155.43 million during the quarter, compared to the consensus estimate of $138.30 million. Analysts predict that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities 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 report on Saturday, November 22nd. Royal Bank Of Canada raised their price target on shares of Lsb Industries from $9.00 to $10.00 and gave the company an "outperform" rating in a research note on Monday, November 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lsb Industries in a report on Monday, December 8th. Finally, UBS Group reissued a "neutral" rating and set a $9.50 target price (up previously from $9.25) on shares of Lsb Industries in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $9.83.
Get Our Latest Report on LXU
Institutional Investors Weigh In On Lsb Industries
A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted its position in Lsb Industries by 1.8% during the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate's stock worth $700,000 after buying an additional 1,616 shares in the last quarter. Humankind Investments LLC grew its holdings in Lsb Industries by 12.1% in the 1st quarter. Humankind Investments LLC now owns 16,372 shares of the conglomerate's stock valued at $108,000 after buying an additional 1,769 shares in the last quarter. First Bank & Trust increased its stake in shares of Lsb Industries by 13.4% in the 3rd quarter. First Bank & Trust now owns 16,239 shares of the conglomerate's stock worth $128,000 after acquiring an additional 1,922 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of Lsb Industries by 21.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate's stock worth $97,000 after acquiring an additional 2,148 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Lsb Industries by 9.4% during the 1st quarter. MetLife Investment Management LLC now owns 29,108 shares of the conglomerate's stock worth $192,000 after acquiring an additional 2,507 shares during the period. 73.67% of the stock is currently 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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