Lsb Industries Inc. (NYSE:LXU – Get 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:LXU – Get 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
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
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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