Barry Golsen Sells 56,744 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 56,744 shares of the business’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $9.10, for a total transaction of $516,370.40. Following the sale, the director directly owned 132,611 shares in the company, valued at approximately $1,206,760.10. The trade was a 29.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Lsb Industries Trading Up 1.8%

NYSE:LXU traded up $0.17 during mid-day trading on Monday, hitting $9.47. 359,652 shares of the company’s stock were exchanged, compared to its average volume of 353,646. The firm has a market capitalization of $681.34 million, a P/E ratio of -947.10 and a beta of 0.75. The company has a 50 day simple moving average of $8.88 and a 200-day simple moving average of $8.48. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89. Lsb Industries Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $9.98.

Lsb Industries (NYSE:LXU) last announced its earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $155.43 million during the quarter, compared to analyst estimates of $138.30 million. Lsb Industries had a positive return on equity of 2.70% and a negative net margin of 0.11%. As a group, research analysts expect that Lsb Industries Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on LXU. Royal Bank Of Canada upped their price target on Lsb Industries from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Zacks Research upgraded shares of Lsb Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. Wall Street Zen raised shares of Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $9.75 price target (up from $9.50) on shares of Lsb Industries in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.92.

Institutional Investors Weigh In On Lsb Industries

A number of large investors have recently added to or reduced their stakes in LXU. Russell Investments Group Ltd. lifted its position 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 worth $35,000 after buying an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Lsb Industries in the 3rd quarter valued at about $42,000. Tower Research Capital LLC TRC grew its holdings in shares of Lsb Industries by 90.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after acquiring an additional 2,856 shares during the period. Quarry LP purchased a new position in Lsb Industries during the third quarter valued at $94,000. Finally, Orion Porfolio Solutions LLC increased its position in Lsb Industries by 21.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after buying an additional 2,148 shares in the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

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.