LSB Industries, Inc. (NYSE:LXU) EVP Sells $307,497.75 in Stock

LSB Industries, Inc. (NYSE:LXU) EVP John Burns sold 33,243 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $9.25, for a total transaction of $307,497.75. Following the sale, the executive vice president now owns 131,286 shares in the company, valued at $1,214,395.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

John Burns also recently made the following trade(s):

• On Wednesday, March 27th, John Burns sold 33,243 shares of LSB Industries stock. The stock was sold at an average price of $8.25, for a total transaction of $274,254.75.

LSB Industries Trading Up 0.6 %

Shares of NYSE LXU traded up $0.05 on Thursday, reaching $8.52. 380,142 shares of the company traded hands, compared to its average volume of 478,008. LSB Industries, Inc. has a fifty-two week low of $6.74 and a fifty-two week high of $11.69. The company has a 50 day moving average of $7.99 and a 200 day moving average of $8.39. The company has a current ratio of 3.64, a quick ratio of 3.45 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $621.96 million, a PE ratio of 35.29 and a beta of 1.10.

LSB Industries (NYSE:LXU) last released its quarterly earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The company had revenue of $132.61 million during the quarter, compared to analysts’ expectations of $127.62 million. LSB Industries had a return on equity of 2.70% and a net margin of 3.20%. On average, equities research analysts forecast that LSB Industries, Inc. will post 0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LSB Industries

A number of hedge funds and other institutional investors have recently modified their holdings of LXU. Capstone Investment Advisors LLC boosted its position in LSB Industries by 9.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 27,250 shares of the conglomerate’s stock worth $239,000 after acquiring an additional 2,250 shares during the period. BNP Paribas Financial Markets raised its stake in shares of LSB Industries by 84.3% during the 1st quarter. BNP Paribas Financial Markets now owns 26,411 shares of the conglomerate’s stock worth $232,000 after purchasing an additional 12,082 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of LSB Industries by 1.1% during the 1st quarter. International Assets Investment Management LLC now owns 112,827 shares of the conglomerate’s stock worth $986,000 after purchasing an additional 1,260 shares in the last quarter. Gendell Jeffrey L raised its stake in shares of LSB Industries by 32.1% during the 4th quarter. Gendell Jeffrey L now owns 1,993,357 shares of the conglomerate’s stock worth $18,558,000 after purchasing an additional 484,535 shares in the last quarter. Finally, Third Avenue Management LLC raised its stake in shares of LSB Industries by 1,445.5% during the 4th quarter. Third Avenue Management LLC now owns 473,214 shares of the conglomerate’s stock worth $4,406,000 after purchasing an additional 442,596 shares in the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on LXU. UBS Group decreased their price objective on shares of LSB Industries from $9.00 to $7.75 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Piper Sandler downgraded shares of LSB Industries from a “neutral” rating to an “underweight” rating and cut their target price for the company from $11.50 to $8.00 in a research note on Thursday, February 29th.

About LSB Industries

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.