Lsb Industries Inc. (NYSE:LXU – Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,967,476 shares, a growth of 51.7% from the March 15th total of 1,296,583 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average trading volume of 2,449,402 shares, the short-interest ratio is currently 0.8 days.
Lsb Industries Stock Down 3.0%
NYSE:LXU traded down $0.43 during mid-day trading on Tuesday, reaching $13.84. The stock had a trading volume of 544,218 shares, compared to its average volume of 1,266,610. The company has a market capitalization of $994.40 million, a price-to-earnings ratio of 40.50 and a beta of 0.48. Lsb Industries has a 1-year low of $4.92 and a 1-year high of $17.22. The stock’s 50 day simple moving average is $12.76 and its two-hundred day simple moving average is $10.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.78 and a quick ratio of 2.61.
Lsb Industries (NYSE:LXU – Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $165.05 million during the quarter, compared to the consensus estimate of $153.88 million. Lsb Industries had a return on equity of 4.90% and a net margin of 4.00%. Equities analysts anticipate that Lsb Industries will post -0.18 EPS for the current year.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Lsb Industries
Insider Activity
In other news, SVP Kristy Carver sold 19,550 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $9.99, for a total transaction of $195,304.50. Following the completion of the sale, the senior vice president directly owned 52,613 shares in the company, valued at $525,603.87. This trade represents a 27.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Cheryl Maguire sold 7,551 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $10.00, for a total value of $75,510.00. Following the sale, the chief financial officer owned 200,719 shares of the company’s stock, valued at $2,007,190. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 211,416 shares of company stock worth $2,122,098 over the last ninety days. Corporate insiders own 4.70% of the company’s stock.
Hedge Funds Weigh In On Lsb Industries
A number of hedge funds have recently bought and sold shares of the company. Kennedy Capital Management LLC grew its stake in Lsb Industries by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 277,355 shares of the conglomerate’s stock worth $2,358,000 after purchasing an additional 1,210 shares in the last quarter. Rhumbline Advisers lifted its holdings in Lsb Industries by 1.8% in the second quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock worth $700,000 after acquiring an additional 1,616 shares during the last quarter. Millennium Management LLC lifted its holdings in Lsb Industries by 8.5% in the fourth quarter. Millennium Management LLC now owns 21,573 shares of the conglomerate’s stock worth $183,000 after acquiring an additional 1,692 shares during the last quarter. First Bank & Trust lifted its holdings in Lsb Industries by 13.4% in the third quarter. First Bank & Trust now owns 16,239 shares of the conglomerate’s stock worth $128,000 after acquiring an additional 1,922 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in Lsb Industries by 21.0% in the third quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock worth $97,000 after acquiring an additional 2,148 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.
Further Reading
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