Key Points
- Director Jonathan Ackerman bought 1,000 LSB Industries shares at $11.30 each, investing $11,300 and increasing his direct ownership by 9.75% to 11,252 shares.
- LSB Industries recently reported a quarterly EPS loss of $0.09, missing the $0.33 consensus estimate, although revenue of $168.09 million exceeded expectations.
- Institutional investors own 73.67% of the company, while analysts maintain a consensus “Hold” rating with a $14.67 target price.
Lsb Industries Inc. (NYSE:LXU - Get Free Report) Director Jonathan Ackerman bought 1,000 shares of Lsb Industries stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average cost of $11.30 per share, with a total value of $11,300.00. Following the acquisition, the director directly owned 11,252 shares in the company, valued at $127,147.60. This trade represents a 9.75% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Lsb Industries Stock Up 2.2%
Lsb Industries stock opened at $11.30 on Friday. The company's 50-day moving average price is $10.89 and its two-hundred day moving average price is $12.50. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. The stock has a market cap of $813.94 million, a P/E ratio of 22.61 and a beta of 0.31. Lsb Industries Inc. has a twelve month low of $7.71 and a twelve month high of $17.22.
Lsb Industries (NYSE:LXU - Get Free Report) last posted its earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.42). The firm had revenue of $168.09 million during 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%. As a group, analysts expect that Lsb Industries Inc. will post 0.53 EPS for the current year.
Institutional Trading of Lsb Industries
Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Lsb Industries during the second quarter valued at approximately $50,802,000. Dimensional Fund Advisors LP lifted its position in shares of Lsb Industries by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate's stock worth $36,241,000 after buying an additional 57,999 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Lsb Industries by 2.7% in 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 in the last quarter. Robotti Robert bought a new position in Lsb Industries in the second quarter valued at about $22,914,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Lsb Industries in the first quarter worth about $11,458,000. 73.67% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on LXU shares. Wall Street Zen downgraded Lsb Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Weiss Ratings lowered shares of Lsb Industries from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada upgraded shares of Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price objective for the company in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $14.67.
Read Our Latest Analysis on LXU
Lsb Industries Company Profile
(
Get Free Report)
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.
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