Lsb Industries Inc. (NYSE:LXU – Get Free Report) was the target of unusually large options trading activity on Wednesday. Investors purchased 2,888 call options on the company. This is an increase of approximately 321% compared to the typical daily volume of 686 call options.
Insider Buying and Selling at Lsb Industries
In other Lsb Industries news, Director Lynn F. White sold 40,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total value of $472,000.00. Following the completion of the sale, the director directly owned 202,489 shares of the company’s stock, valued at $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 available at this link. Also, SVP Kristy Carver sold 9,554 shares of the firm’s stock in a transaction 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 owned 47,452 shares in the company, valued at $587,455.76. This represents a 16.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Lsb Industries
A number of hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership bought a new stake in shares of Lsb Industries during the first quarter valued at approximately $11,458,000. Sei Investments Co. raised its position in Lsb Industries by 343.2% in the 1st quarter. Sei Investments Co. now owns 182,351 shares of the conglomerate’s stock worth $2,717,000 after purchasing an additional 141,208 shares during the last quarter. Bank of America Corp DE raised its position in Lsb Industries by 124.7% in the 1st quarter. Bank of America Corp DE now owns 249,021 shares of the conglomerate’s stock worth $3,710,000 after purchasing an additional 138,217 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Lsb Industries during the 1st quarter worth $4,416,000. Finally, Robotti Robert acquired a new position in Lsb Industries during the 2nd quarter worth $22,914,000. Institutional investors own 73.67% of the company’s stock.
Lsb Industries Price Performance
Lsb Industries (NYSE:LXU – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42). The business had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%. On average, equities research analysts predict that Lsb Industries will post 0.53 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have commented on LXU. Royal Bank Of Canada raised Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target for the company in a report on Monday, August 10th. UBS Group set a $16.00 price objective on Lsb Industries and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Lsb Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings cut Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.67.
View Our Latest 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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