Lsb Industries Inc. (NYSE:LXU – Get Free Report) Director Lynn White sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total value of $472,000.00. Following the sale, the director owned 202,489 shares of the company’s stock, valued at approximately $2,389,370.20. This represents a 16.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Lsb Industries Trading Up 4.4%
Shares of NYSE:LXU opened at $12.22 on Friday. Lsb Industries Inc. has a 12-month low of $7.09 and a 12-month high of $17.22. The stock has a market cap of $878.75 million, a PE ratio of 19.39 and a beta of 0.31. The business has a 50 day moving average of $13.80 and a 200-day moving average of $11.71. The company has a quick ratio of 2.85, a current ratio of 3.07 and a debt-to-equity ratio of 0.81.
Lsb Industries (NYSE:LXU – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.14. The business had revenue of $169.49 million during the quarter, compared to analysts’ expectations of $166.19 million. Lsb Industries had a return on equity of 8.91% and a net margin of 7.16%. As a group, equities research analysts forecast that Lsb Industries Inc. will post 0.53 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several analysts have recently issued reports on LXU shares. UBS Group set a $16.00 target price on Lsb Industries and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Royal Bank Of Canada reissued a “sector perform” rating and set a $15.00 target price (up from $14.00) on shares of Lsb Industries in a report on Monday, May 11th. Weiss Ratings raised Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. Jefferies Financial Group upped their target price on Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a research note on Thursday, March 12th. Finally, Wall Street Zen upgraded Lsb Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.33.
Get Our Latest Analysis on LXU
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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