Lsb Industries (NYSE:LXU) Stock Price Up 6.7% – Here’s Why

Lsb Industries Inc. (NYSE:LXU) was up 6.7% during trading on Friday . The company traded as high as $10.03 and last traded at $10.39. Approximately 15,452 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 498,215 shares. The stock had previously closed at $9.74.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LXU. Royal Bank Of Canada restated an “outperform” rating and issued a $11.00 price target (up from $10.00) on shares of Lsb Industries in a research note on Tuesday, January 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Zacks Research cut shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. UBS Group reiterated a “neutral” rating and issued a $9.75 price target (up from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Finally, Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.25.

Lsb Industries Trading Up 0.7%

The firm’s 50-day simple moving average is $9.30 and its 200 day simple moving average is $8.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63. The firm has a market capitalization of $723.93 million, a price-to-earnings ratio of -1,006.30 and a beta of 0.74.

Insider Activity at Lsb Industries

In other Lsb Industries news, SVP Kristy Carver sold 19,550 shares of Lsb Industries stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total value of $195,304.50. Following the transaction, the senior vice president owned 52,613 shares in the company, valued at $525,603.87. The trade was a 27.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Cheryl Maguire sold 7,551 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total transaction of $75,510.00. Following the completion of the transaction, the chief financial officer directly owned 200,719 shares of the company’s stock, valued at $2,007,190. This trade represents a 3.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 610,823 shares of company stock valued at $5,767,726 over the last ninety days. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Gendell Jeffrey L boosted its holdings in shares of Lsb Industries by 3.7% during the 4th quarter. Gendell Jeffrey L now owns 2,134,130 shares of the conglomerate’s stock valued at $18,140,000 after acquiring an additional 75,323 shares in the last quarter. American Century Companies Inc. increased its holdings in Lsb Industries by 5.8% in the 3rd quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock worth $15,688,000 after purchasing an additional 109,944 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of Lsb Industries by 1.8% during the second quarter. Systematic Financial Management LP now owns 1,817,498 shares of the conglomerate’s stock valued at $14,176,000 after purchasing an additional 32,373 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Lsb Industries by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,280,864 shares of the conglomerate’s stock valued at $10,890,000 after purchasing an additional 14,125 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Lsb Industries by 12.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 965,757 shares of the conglomerate’s stock worth $8,209,000 after purchasing an additional 109,603 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

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.