Insider Selling: Lsb Industries (NYSE:LXU) Director Sells $159,737.78 in Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 15,926 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $10.03, for a total value of $159,737.78. Following the sale, the director owned 35,043 shares of the company’s stock, valued at approximately $351,481.29. The trade was a 31.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Lsb Industries Stock Up 1.4%

Shares of NYSE:LXU opened at $9.89 on Monday. The business’s 50-day moving average is $8.99 and its 200-day moving average is $8.59. Lsb Industries Inc. has a 1 year low of $4.88 and a 1 year high of $10.17. The company has a market capitalization of $711.13 million, a price-to-earnings ratio of -988.50 and a beta of 0.75. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $0.10 EPS 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 the consensus estimate of $138.30 million. Equities research analysts predict that Lsb Industries Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LXU has been the subject of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. Zacks Research upgraded Lsb Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $11.00 target price (up from $10.00) on shares of Lsb Industries in a research report on Tuesday, January 20th. Wall Street Zen raised shares of Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, UBS Group restated a “neutral” rating and set a $9.75 price objective (up previously from $9.50) on shares of Lsb Industries in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.25.

Institutional Trading of Lsb Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wedge Capital Management L L P NC boosted its holdings in Lsb Industries by 6.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 136,834 shares of the conglomerate’s stock worth $1,163,000 after purchasing an additional 7,794 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Lsb Industries by 114.4% during the 4th quarter. SG Americas Securities LLC now owns 39,076 shares of the conglomerate’s stock worth $332,000 after buying an additional 20,853 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Lsb Industries by 104.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock worth $2,881,000 after buying an additional 187,108 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Lsb Industries in the 3rd quarter worth approximately $573,000. Finally, Verition Fund Management LLC grew its holdings in shares of Lsb Industries by 17.3% in the third quarter. Verition Fund Management LLC now owns 55,298 shares of the conglomerate’s stock valued at $436,000 after acquiring an additional 8,136 shares in the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Lsb Industries Company Profile

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.