Key Points
- Director Barry Golsen sold 96,554 shares on Jan. 21 at an average price of $10.06 for about $971,333, leaving him with 51,894 shares — a 65.04% reduction in his position.
- Lsb reported quarterly EPS of $0.10 and revenue of $155.43M, both beating estimates, though the company still showed a negative net margin and analysts forecast a -0.18 EPS for the current year.
- The stock is trading near its 52-week high (opened $9.89; high $10.17) with a market cap of ~$711M, heavy institutional ownership (~73.7%), and mixed analyst sentiment averaging a "Moderate Buy" and $10.25 price target.
Lsb Industries Inc. (NYSE:LXU - Get Free Report) Director Barry Golsen sold 6,500 shares of Lsb Industries stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $10.02, for a total value of $65,130.00. Following the transaction, the director directly owned 47,010 shares in the company, valued at approximately $471,040.20. The trade was a 12.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Lsb Industries Price Performance
Shares of NYSE LXU opened at $9.89 on Friday. Lsb Industries Inc. has a twelve month low of $4.88 and a twelve month high of $10.17. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average of $8.99 and a two-hundred day moving average of $8.58. The company has a market capitalization of $711.13 million, a price-to-earnings ratio of -988.50 and a beta of 0.75.
Lsb Industries (NYSE:LXU - Get Free Report) last released its earnings results on Wednesday, October 29th. The conglomerate reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. The business had revenue of $155.43 million for 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%. As a group, analysts expect that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Brandywine Global Investment Management LLC purchased a new stake in Lsb Industries in the 2nd quarter worth approximately $2,412,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Lsb Industries in the second quarter worth $1,694,000. JPMorgan Chase & Co. raised its holdings in shares of Lsb Industries by 104.8% during the third quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate's stock worth $2,881,000 after acquiring an additional 187,108 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Lsb Industries by 825.5% during the third quarter. BNP Paribas Financial Markets now owns 166,639 shares of the conglomerate's stock valued at $1,313,000 after purchasing an additional 148,634 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in Lsb Industries by 31.1% during the second quarter. Bridgeway Capital Management LLC now owns 467,113 shares of the conglomerate's stock valued at $3,643,000 after purchasing an additional 110,889 shares during the last quarter. Institutional investors and hedge funds own 73.67% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on LXU shares. Zacks Research upgraded shares of Lsb Industries from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 30th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lsb Industries in a research note on Monday, December 29th. UBS Group reaffirmed a "neutral" rating and issued a $9.75 price objective (up previously from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Royal Bank Of Canada reissued an "outperform" rating and set a $11.00 target price (up from $10.00) on shares of Lsb Industries in a research note on Tuesday. Finally, Wall Street Zen upgraded Lsb Industries from a "hold" rating to a "buy" rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lsb Industries currently has an average rating of "Moderate Buy" and a consensus price target of $10.25.
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About Lsb Industries
(
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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.
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