Insider Selling: Lsb Industries (NYSE:LXU) Director Sells $65,130.00 in Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 6,500 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $10.02, for a total value of $65,130.00. Following the completion of the sale, the director owned 47,010 shares of the company’s stock, valued at $471,040.20. The trade was a 12.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Lsb Industries Stock Up 1.4%

Shares of LXU opened at $9.89 on Monday. The stock’s 50-day moving average price is $8.99 and its two-hundred day moving average price is $8.59. Lsb Industries Inc. has a 12 month low of $4.88 and a 12 month high of $10.17. The company has a market capitalization of $711.13 million, a PE ratio of -988.50 and a beta of 0.75. 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 issued its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $155.43 million during the quarter, compared to the consensus estimate 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, analysts anticipate that Lsb Industries Inc. will post -0.18 EPS for the current year.

Institutional Trading of Lsb Industries

Several large investors have recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of Lsb Industries by 5.9% during the second quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock valued at $14,671,000 after acquiring an additional 104,355 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in Lsb Industries during the 2nd quarter valued at about $2,412,000. Campbell & CO Investment Adviser LLC bought a new stake in Lsb Industries during the 3rd quarter worth approximately $650,000. JB Capital Partners LP purchased a new stake in shares of Lsb Industries in the second quarter worth approximately $529,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Lsb Industries in the third quarter worth approximately $185,000. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LXU. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $11.00 price objective (up from $10.00) on shares of Lsb Industries in a research note 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. UBS Group reiterated a “neutral” rating and set a $9.75 price target (up from $9.50) on shares of Lsb Industries in a report on Monday, January 12th. Zacks Research raised Lsb Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.25.

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.