Key Points
- Director Jonathan Ackerman purchased 1,000 LXU shares at an average price of $10.17, investing $10,170 and increasing his ownership by 8.89% to 12,252 shares.
- Lsb Industries reported quarterly revenue of $168.09 million, exceeding estimates, but its loss of $0.09 per share fell well short of the expected $0.33 profit.
- Analysts have an overall “Hold” rating, with an average price target of $14.67; institutional investors own 73.67% of the company.
Lsb Industries Inc. (NYSE:LXU - Get Free Report) Director Jonathan Ackerman purchased 1,000 shares of the business's stock in a transaction dated Thursday, October 15th. The stock was bought at an average cost of $10.17 per share, for a total transaction of $10,170.00. Following the purchase, the director owned 12,252 shares in the company, valued at $124,602.84. This trade represents a 8.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Lsb Industries Stock Up 2.8%
NYSE:LXU opened at $10.16 on Tuesday. Lsb Industries Inc. has a 12-month low of $8.12 and a 12-month high of $17.22. 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 firm has a market capitalization of $731.74 million, a P/E ratio of 20.33 and a beta of 0.44. The stock's fifty day simple moving average is $10.52 and its 200-day simple moving average is $11.70.
Lsb Industries (NYSE:LXU - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.42). The company had revenue of $168.09 million for the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LXU. BlackRock Inc. bought a new stake in shares of Lsb Industries in the second quarter worth about $50,802,000. Dimensional Fund Advisors LP raised its position in shares of Lsb Industries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate's stock worth $36,241,000 after purchasing an additional 57,999 shares during the period. Robotti Robert acquired a new stake in shares of Lsb Industries during the second quarter worth about $22,914,000. Renaissance Technologies LLC lifted its holdings in shares of Lsb Industries by 2.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate's stock valued at $26,708,000 after purchasing an additional 46,613 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Lsb Industries during the 1st quarter valued at about $11,458,000. 73.67% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on LXU shares. Wall Street Zen lowered Lsb Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Royal Bank Of Canada raised Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 price target for the company in a research note on Monday, August 10th. set a $13.00 price target on shares of Lsb Industries and gave the company an "outperform" rating in a research report on Monday, October 5th. Finally, Weiss Ratings upgraded shares of Lsb Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Lsb Industries presently has an average rating of "Hold" and an average price target of $14.67.
Get Our Latest Research Report on Lsb Industries
Lsb Industries Company Profile
(
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LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.
Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.
LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.
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