Lsb Industries (NYSE:LXU) Director Barry Golsen Sells 1,550 Shares of Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 1,550 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $10.00, for a total transaction of $15,500.00. Following the transaction, the director owned 87,787 shares in the company, valued at approximately $877,870. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lsb Industries Trading Down 3.5%

LXU opened at $9.60 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89. The firm has a market cap of $690.62 million, a price-to-earnings ratio of -960.00 and a beta of 0.75. Lsb Industries Inc. has a 12 month low of $4.88 and a 12 month high of $10.04. The stock has a fifty day moving average price of $8.99 and a 200-day moving average price of $8.53.

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 firm had revenue of $155.43 million for the quarter, compared to the consensus estimate of $138.30 million. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. As a group, equities research analysts anticipate that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Lsb Industries News Summary

Here are the key news stories impacting Lsb Industries this week:

• Negative Sentiment: CFO Cheryl Maguire sold 7,551 shares at an average of $10.00 on Jan. 14 (≈ $75,510). CFO 7,551-share sale
• Negative Sentiment: CFO Cheryl Maguire sold an additional 1,550 shares at $10.00 on Jan. 15 (≈ $15,500), reducing her position modestly. CFO 1,550-share sale
• Negative Sentiment: SVP Kristy Carver sold 19,550 shares at ~$9.99 on Jan. 14 (≈ $195,304.50), representing a large 27% reduction in her stake. SVP 19,550-share sale
• Negative Sentiment: Director Barry H. Golsen sold 15,600 shares at $10.00 on Jan. 14 (≈ $156,000), cutting his holding by ~15%. Director 15,600-share sale
• Negative Sentiment: Director Barry H. Golsen sold an additional 1,550 shares at $10.00 on Jan. 15 (≈ $15,500). Director 1,550-share sale

Analyst Ratings Changes

Several brokerages recently weighed in on LXU. UBS Group reiterated a “neutral” rating and issued a $9.75 price target (up previously from $9.50) on shares of Lsb Industries in a report on Monday. Wall Street Zen upgraded shares of Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday, December 29th. Royal Bank Of Canada upped their price target on shares of Lsb Industries from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Finally, Zacks Research upgraded Lsb Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $9.92.

Hedge Funds Weigh In On Lsb Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in Lsb Industries by 2,900.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Lsb Industries during the 3rd quarter worth $42,000. Tower Research Capital LLC TRC grew its holdings in shares of Lsb Industries by 90.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after buying an additional 2,856 shares in the last quarter. Quarry LP acquired a new stake in shares of Lsb Industries in the third quarter valued at about $94,000. Finally, Orion Porfolio Solutions LLC raised its position in shares of Lsb Industries by 21.0% in the third quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after buying an additional 2,148 shares during 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.