Barry Golsen Sells 30,072 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 30,072 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $9.04, for a total value of $271,850.88. Following the completion of the transaction, the director directly owned 156,954 shares of the company’s stock, valued at approximately $1,418,864.16. This represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Lsb Industries Price Performance

LXU stock traded down $0.01 during midday trading on Monday, reaching $8.90. The stock had a trading volume of 344,791 shares, compared to its average volume of 440,090. Lsb Industries Inc. has a 52-week low of $4.88 and a 52-week high of $9.98. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89. The company’s fifty day simple moving average is $8.91 and its 200 day simple moving average is $8.38. The company has a market cap of $639.91 million, a price-to-earnings ratio of -889.50 and a beta of 0.81.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative net margin of 0.11% and a positive return on equity of 2.70%. As a group, sell-side analysts predict that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lsb Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its position in Lsb Industries by 24.7% in the first quarter. HighTower Advisors LLC now owns 255,242 shares of the conglomerate’s stock valued at $1,682,000 after purchasing an additional 50,525 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Lsb Industries by 20.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 572,409 shares of the conglomerate’s stock worth $3,772,000 after purchasing an additional 98,810 shares during the period. American Century Companies Inc. increased its position in shares of Lsb Industries by 5.9% during the 2nd quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock worth $14,671,000 after purchasing an additional 104,355 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in Lsb Industries in the 2nd quarter valued at about $2,412,000. Finally, Nuveen LLC acquired a new position in Lsb Industries in the first quarter valued at about $1,226,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analyst Upgrades and Downgrades

LXU has been the topic of a number of research reports. Wall Street Zen raised 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 issued a $9.50 price target (up previously from $9.25) on shares of Lsb Industries in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 8th. Finally, Royal Bank Of Canada raised their target price on Lsb Industries from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lsb Industries currently has an average rating of “Hold” and a consensus price target of $9.83.

Lsb Industries Company Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.