Lsb Industries (NYSE:LXU) Director Sells $178,842.52 in Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 17,813 shares of Lsb Industries stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $10.04, for a total transaction of $178,842.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Lsb Industries Price Performance

Shares of LXU stock traded up $0.34 during mid-day trading on Wednesday, reaching $10.31. The stock had a trading volume of 550,909 shares, compared to its average volume of 527,711. The company has a market cap of $741.99 million, a P/E ratio of -1,031.40 and a beta of 0.74. 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 Inc. has a 12-month low of $4.88 and a 12-month high of $10.41. The business has a 50-day simple moving average of $9.14 and a 200 day simple moving average of $8.68.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LXU. Russell Investments Group Ltd. increased its stake in Lsb Industries by 2,900.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after buying an additional 4,350 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Lsb Industries during the third quarter worth about $42,000. Tower Research Capital LLC TRC boosted its holdings in Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 2,856 shares during the last quarter. Quarry LP acquired a new stake in Lsb Industries during the 3rd quarter valued at approximately $94,000. Finally, Orion Porfolio Solutions LLC increased its holdings in Lsb Industries by 21.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock worth $97,000 after purchasing an additional 2,148 shares during the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group reaffirmed a “neutral” rating and issued a $9.75 target price (up previously from $9.50) on shares of Lsb Industries in a research note on Monday, January 12th. Royal Bank Of Canada restated an “outperform” rating and issued a $11.00 price objective (up from $10.00) on shares of Lsb Industries in a research report on Tuesday, January 20th. Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.25.

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.