Lsb Industries (NYSE:LXU) SVP Kristy Carver Sells 9,554 Shares

Lsb Industries Inc. (NYSE:LXUGet Free Report) SVP Kristy Carver sold 9,554 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.38, for a total transaction of $118,278.52. Following the completion of the sale, the senior vice president directly owned 47,452 shares of the company’s stock, valued at $587,455.76. This represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Lsb Industries Stock Down 1.9%

LXU stock traded down $0.23 during trading hours on Tuesday, hitting $11.95. The company’s stock had a trading volume of 972,324 shares, compared to its average volume of 1,220,908. The company has a quick ratio of 2.85, a current ratio of 3.07 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $859.38 million, a PE ratio of 18.96 and a beta of 0.31. Lsb Industries Inc. has a 12 month low of $7.09 and a 12 month high of $17.22. The stock has a 50 day moving average price of $14.09 and a two-hundred day moving average price of $11.64.

Lsb Industries (NYSE:LXUGet Free Report) last posted its earnings results on Wednesday, April 29th. The conglomerate reported $0.27 EPS for the quarter, topping the consensus estimate of $0.13 by $0.14. The company had revenue of $169.49 million during the quarter, compared to the consensus estimate of $166.19 million. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. On average, equities research analysts expect that Lsb Industries Inc. will post 0.53 earnings per share for the current year.

Institutional Trading of Lsb Industries

A number of hedge funds have recently bought and sold shares of LXU. Kestra Advisory Services LLC bought a new stake in Lsb Industries in the 4th quarter valued at $29,000. Russell Investments Group Ltd. boosted its holdings 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 period. Aquatic Capital Management LLC bought a new stake in Lsb Industries in the 3rd quarter valued at $42,000. Tower Research Capital LLC TRC boosted its holdings in Lsb Industries by 90.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 2,856 shares during the period. Finally, Quarry LP bought a new stake in Lsb Industries in the 3rd quarter valued at $94,000. 73.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $15.00 price objective (up from $14.00) on shares of Lsb Industries in a report on Monday, May 11th. Jefferies Financial Group upped their price objective on shares of Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, March 12th. Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. Finally, UBS Group set a $16.00 price objective on shares of Lsb Industries and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Lsb Industries presently has an average rating of “Hold” and an average target price of $15.33.

Read Our Latest Stock Analysis on Lsb Industries

About Lsb Industries

(Get Free Report)

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.

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