Barry Golsen Sells 30,072 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 30,072 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $9.04, for a total transaction of $271,850.88. Following the sale, the director directly owned 156,954 shares of the company’s stock, valued at approximately $1,418,864.16. This represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Lsb Industries Trading Down 1.5%

Lsb Industries stock opened at $8.75 on Wednesday. The firm has a market cap of $629.12 million, a price-to-earnings ratio of -874.50 and a beta of 0.81. Lsb Industries Inc. has a 1 year low of $4.88 and a 1 year high of $9.98. The firm’s 50 day moving average price is $8.90 and its two-hundred day moving average price is $8.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.63 and a current ratio of 2.84.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data 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. The business had revenue of $155.43 million during the quarter, compared to analyst estimates of $138.30 million. Lsb Industries had a positive return on equity of 2.70% and a negative net margin of 0.11%. On average, research analysts predict that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on LXU shares. Royal Bank Of Canada boosted their price objective on Lsb Industries from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. UBS Group reissued a “neutral” rating and set a $9.50 target price (up from $9.25) on shares of Lsb Industries in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday. Finally, Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $9.83.

Hedge Funds Weigh In On Lsb Industries

Several institutional investors and hedge funds have recently modified their holdings of LXU. PharVision Advisers LLC purchased a new stake in shares of Lsb Industries during the third quarter worth $573,000. Verition Fund Management LLC increased its position in Lsb Industries by 17.3% in the 3rd quarter. Verition Fund Management LLC now owns 55,298 shares of the conglomerate’s stock worth $436,000 after purchasing an additional 8,136 shares during the last quarter. Quarry LP purchased a new stake in shares of Lsb Industries during the 3rd quarter worth about $94,000. Millennium Management LLC raised its stake in shares of Lsb Industries by 29.6% during the 3rd quarter. Millennium Management LLC now owns 19,881 shares of the conglomerate’s stock worth $157,000 after purchasing an additional 4,545 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Lsb Industries by 10.3% during the 3rd quarter. Bank of America Corp DE now owns 156,700 shares of the conglomerate’s stock valued at $1,235,000 after buying an additional 14,580 shares during the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

About Lsb Industries

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.