Lsb Industries (NYSE:LXU) Director Barry Golsen Sells 27,054 Shares

by · The Cerbat Gem

Lsb Industries Inc. (NYSE:LXU – Get Free Report) Director Barry Golsen sold 27,054 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $9.07, for a total value of $245,379.78. Following the transaction, the director directly owned 220,442 shares in the company, valued at approximately $1,999,408.94. This represents a 10.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Lsb Industries Stock Performance

Shares of Lsb Industries stock traded up $0.04 on Tuesday, reaching $8.74. 421,928 shares of the company were exchanged, compared to its average volume of 440,267. The firm has a market cap of $628.76 million, a price-to-earnings ratio of -874.00 and a beta of 0.81. Lsb Industries Inc. has a 1-year low of $4.88 and a 1-year high of $9.98. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.63 and a current ratio of 2.84. The company’s 50-day moving average is $8.85 and its two-hundred day moving average is $8.34.

Lsb Industries (NYSE:LXU – Get Free Report) last issued its quarterly earnings data 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. Lsb Industries had a positive return on equity of 2.70% and a negative net margin of 0.11%.The business had revenue of $155.43 million during the quarter, compared to the consensus estimate of $138.30 million. As a group, research analysts expect that Lsb Industries Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on LXU. Royal Bank Of Canada raised their target price on shares of Lsb Industries from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday. Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, UBS Group reaffirmed a “neutral” rating and set a $9.50 target price (up from $9.25) on shares of Lsb Industries in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lsb Industries currently has a consensus rating of “Hold” and an average target price of $9.83.

Read Our Latest Report on LXU

Institutional Investors Weigh In On Lsb Industries

A number of large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in Lsb Industries during the 1st quarter worth $29,000. Russell Investments Group Ltd. increased its stake in shares of Lsb Industries by 2,900.0% in the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 4,350 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Lsb Industries during the 3rd quarter worth about $42,000. Tower Research Capital LLC TRC boosted its stake in Lsb Industries by 90.3% during the 2nd 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 period. Finally, Aigen Investment Management LP acquired a new stake in Lsb Industries in the 1st quarter valued at approximately $69,000. Institutional investors own 73.67% of the company’s stock.

Lsb Industries Company Profile

(Get Free Report)

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.

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