Barry Golsen Sells 96,554 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 96,554 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $10.06, for a total value of $971,333.24. Following the completion of the transaction, the director directly owned 51,894 shares in the company, valued at approximately $522,053.64. This trade represents a 65.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Lsb Industries Stock Up 1.4%

Shares of NYSE:LXU opened at $9.89 on Friday. 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 Inc. has a 12-month low of $4.88 and a 12-month high of $10.17. The business has a 50-day moving average price of $8.99 and a 200 day moving average price of $8.59. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89.

Lsb Industries (NYSE:LXU) last announced its earnings results 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. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. The company had revenue of $155.43 million during the quarter, compared to analyst estimates of $138.30 million. Sell-side analysts expect that Lsb Industries Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

LXU has been the topic of a number of research analyst reports. Zacks Research raised Lsb Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. UBS Group reiterated a “neutral” rating and set a $9.75 price target (up from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $11.00 price target (up previously from $10.00) on shares of Lsb Industries in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.25.

Institutional Trading of Lsb Industries

Several hedge funds have recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC purchased a new stake in Lsb Industries during the 2nd quarter worth about $2,412,000. American Century Companies Inc. raised its position in shares of Lsb Industries by 5.9% during the 2nd quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock worth $14,671,000 after acquiring an additional 104,355 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Lsb Industries during the third quarter worth approximately $650,000. JB Capital Partners LP acquired a new position in Lsb Industries in the second quarter valued at approximately $529,000. Finally, Intech Investment Management LLC increased its stake in Lsb Industries by 14.1% in the third quarter. Intech Investment Management LLC now owns 24,662 shares of the conglomerate’s stock valued at $194,000 after purchasing an additional 3,039 shares during the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

About Lsb Industries

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.