Insider Selling: Lsb Industries (NYSE:LXU) Director Sells $472,000.00 in Stock

Lsb Industries Inc. (NYSE:LXUGet 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:LXUGet 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

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Lsb Industries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate’s stock valued at $36,241,000 after acquiring an additional 57,999 shares during the last quarter. Gendell Jeffrey L lifted its stake in shares of Lsb Industries by 3.7% in the 4th quarter. Gendell Jeffrey L now owns 2,134,130 shares of the conglomerate’s stock valued at $18,140,000 after acquiring an additional 75,323 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Lsb Industries by 5.8% in the 3rd quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock valued at $15,688,000 after acquiring an additional 109,944 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Lsb Industries by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate’s stock valued at $26,708,000 after acquiring an additional 46,613 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Lsb Industries by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,280,864 shares of the conglomerate’s stock valued at $10,890,000 after acquiring an additional 14,125 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors.

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

(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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Insider Buying and Selling by Quarter for Lsb Industries (NYSE:LXU)

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