Lynn White Sells 40,000 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Lynn White sold 40,000 shares of the company’s 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 transaction, the director directly owned 202,489 shares in the company, valued at $2,389,370.20. This represents a 16.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Lsb Industries Price Performance

Shares of NYSE LXU traded down $0.16 during trading on Thursday, hitting $11.73. The company had a trading volume of 718,404 shares, compared to its average volume of 1,212,917. The company has a market cap of $843.50 million, a P/E ratio of 18.61 and a beta of 0.31. Lsb Industries Inc. has a 52 week low of $7.09 and a 52 week high of $17.22. The business’s 50-day moving average is $13.92 and its 200 day moving average is $11.68. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.85 and a current ratio of 3.07.

Lsb Industries (NYSE:LXU) last posted 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 company had revenue of $169.49 million for 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%. Equities research analysts predict that Lsb Industries Inc. will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lsb Industries

Several institutional investors and hedge funds have recently modified their holdings of LXU. Royal Bank of Canada grew its holdings in shares of Lsb Industries by 7.4% during the 1st quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock valued at $257,000 after acquiring an additional 2,692 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Lsb Industries during the 1st quarter valued at $697,000. JPMorgan Chase & Co. grew its holdings in shares of Lsb Industries by 22.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 178,493 shares of the conglomerate’s stock valued at $1,392,000 after acquiring an additional 32,516 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Lsb Industries by 1.8% during the 2nd quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock valued at $700,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Lsb Industries during the 2nd quarter valued at $1,694,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LXU has been the topic of several research reports. Wall Street Zen cut Lsb Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Jefferies Financial Group lifted their price objective on shares of Lsb Industries from $11.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, March 12th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $15.00 price objective (up from $14.00) on shares of Lsb Industries in a research report on Monday, May 11th. UBS Group set a $16.00 price objective on shares of Lsb Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.33.

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.