Lsb Industries Inc. (NYSE:LXU - Get Free Report) Director Lynn White sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total transaction of $472,000.00. Following the completion of the transaction, the director owned 202,489 shares in the company, valued at approximately $2,389,370.20. This represents a 16.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Lsb Industries Trading Down 1.3%
Shares of NYSE LXU opened at $11.73 on Friday. The firm's 50 day moving average price is $13.86 and its 200-day moving average price is $11.71. The company has a market cap of $843.48 million, a PE ratio of 18.61 and a beta of 0.31. Lsb Industries Inc. has a 52-week low of $7.09 and a 52-week high of $17.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.85 and a current ratio of 3.07.
Lsb Industries (NYSE:LXU - Get Free Report) last issued its earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.14. The firm had revenue of $169.49 million for the quarter, compared to the consensus estimate of $166.19 million. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. On average, equities research analysts expect that Lsb Industries Inc. will post 0.53 EPS for the current fiscal year.
Analysts Set New Price Targets
LXU has been the topic of several research reports. Wall Street Zen cut shares of Lsb Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 6th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $15.00 price objective (up from $14.00) on shares of Lsb Industries in a report on Monday, May 11th. Weiss Ratings raised Lsb Industries from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, April 24th. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the company a "neutral" rating in a report on Wednesday, May 13th. Finally, Jefferies Financial Group upped their target price on shares of Lsb Industries from $11.00 to $15.00 and gave the company a "hold" rating in a report on Thursday, March 12th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $15.33.
Read Our Latest Research Report on Lsb Industries
Institutional Trading of Lsb Industries
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in Lsb Industries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate's stock valued at $36,241,000 after buying an additional 57,999 shares during the last quarter. Gendell Jeffrey L increased its holdings in Lsb Industries by 3.7% during the fourth quarter. Gendell Jeffrey L now owns 2,134,130 shares of the conglomerate's stock valued at $18,140,000 after buying an additional 75,323 shares during the last quarter. American Century Companies Inc. increased its holdings in Lsb Industries by 5.8% during the third quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate's stock valued at $15,688,000 after buying an additional 109,944 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Lsb Industries by 2.7% during the first quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate's stock valued at $26,708,000 after buying an additional 46,613 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Lsb Industries by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,280,864 shares of the conglomerate's stock worth $10,890,000 after purchasing an additional 14,125 shares in the last quarter. 73.67% of the stock is owned by hedge funds and other institutional investors.
Lsb Industries Company Profile
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Get Free Report)
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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