Barry Golsen Sells 96,554 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 96,554 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $10.06, for a total transaction of $971,333.24. Following the completion of the sale, the director owned 51,894 shares of the company’s stock, valued at approximately $522,053.64. The trade was a 65.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Lsb Industries Trading Up 1.4%

Shares of NYSE:LXU traded up $0.14 on Friday, reaching $9.89. 548,034 shares of the company traded hands, compared to its average volume of 590,009. The stock has a market capitalization of $711.17 million, a P/E ratio of -988.50 and a beta of 0.75. Lsb Industries Inc. has a 52 week low of $4.88 and a 52 week high of $10.17. The business’s 50-day simple moving average is $8.99 and its 200 day simple moving average is $8.57. 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 (NYSE:LXU) last posted its quarterly 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 for 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, equities analysts anticipate that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LXU shares. Royal Bank Of Canada reissued an “outperform” rating and set a $11.00 price target (up previously from $10.00) on shares of Lsb Industries in a research report on Tuesday. 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 reissued a “neutral” rating and issued a $9.75 target price (up from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Zacks Research upgraded Lsb Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday, December 29th. One investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.25.

Institutional Investors Weigh In On Lsb Industries

A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of Lsb Industries by 7.4% during 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 during the period. Empowered Funds LLC bought a new stake in Lsb Industries during the 1st quarter valued at approximately $697,000. Geode Capital Management LLC grew its holdings in shares of Lsb Industries by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,261,020 shares of the conglomerate’s stock worth $9,838,000 after acquiring an additional 14,313 shares during the period. 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 worth $1,392,000 after acquiring an additional 32,516 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Lsb Industries in the 2nd quarter worth approximately $2,412,000. 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.