Barry Golsen Sells 15,600 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 15,600 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total value of $156,000.00. Following the transaction, the director owned 88,173 shares in the company, valued at approximately $881,730. This trade represents a 15.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Lsb Industries Stock Performance

NYSE:LXU traded down $0.35 during mid-day trading on Friday, hitting $9.60. 497,997 shares of the stock were exchanged, compared to its average volume of 539,927. The firm’s 50-day simple moving average is $8.97 and its 200 day simple moving average is $8.52. The stock has a market capitalization of $690.62 million, a price-to-earnings ratio of -960.00 and a beta of 0.75. Lsb Industries Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $10.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.63 and a current ratio of 2.84.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Lsb Industries had a positive return on equity of 2.70% and a negative net margin of 0.11%.The firm had revenue of $155.43 million for the quarter, compared to analysts’ expectations of $138.30 million. As a group, equities analysts anticipate that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its stake in shares of Lsb Industries by 1.8% in the 2nd quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock valued at $700,000 after purchasing an additional 1,616 shares in the last quarter. First Bank & Trust lifted its stake in Lsb Industries by 13.4% in the 3rd quarter. First Bank & Trust now owns 16,239 shares of the conglomerate’s stock valued at $128,000 after purchasing an additional 1,922 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in Lsb Industries by 21.0% in the third 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. Royal Bank of Canada boosted its position in Lsb Industries by 7.4% in the first quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock valued at $257,000 after buying an additional 2,692 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Lsb Industries by 90.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after buying an additional 2,856 shares during the last quarter. Institutional investors own 73.67% of the company’s stock.

Lsb Industries Company Profile

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.