Lsb Industries (NYSE:LXU) Posts Quarterly Earnings Results, Beats Estimates By $998.82 EPS

by · The Cerbat Gem

Lsb Industries (NYSE:LXU – Get Free Report) announced its earnings results on Wednesday. The conglomerate reported $999.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $998.82, reports. Lsb Industries had a positive return on equity of 2.70% and a negative net margin of 0.11%.

Lsb Industries Stock Up 0.1%

Shares of NYSE:LXU traded up $0.01 during trading on Wednesday, hitting $10.07. The stock had a trading volume of 395,367 shares, compared to its average volume of 489,769. Lsb Industries has a 12 month low of $4.88 and a 12 month high of $10.44. The company has a market capitalization of $724.55 million, a PE ratio of -1,007.10 and a beta of 0.74. The firm’s fifty day moving average is $9.35 and its 200 day moving average is $8.83. The company has a quick ratio of 2.63, a current ratio of 2.84 and a debt-to-equity ratio of 0.89.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Zacks Research cut shares of Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $11.00 target price (up from $10.00) on shares of Lsb Industries in a report on Tuesday, January 20th. Wall Street Zen raised shares of Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, UBS Group restated a “neutral” rating and set a $9.75 price target (up from $9.50) on shares of Lsb Industries in a research report on Monday, January 12th. One equities 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 stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.25.

Read Our Latest Analysis on Lsb Industries

Insider Activity at Lsb Industries

In other news, Director Barry H. Golsen sold 17,813 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $10.04, for a total transaction of $178,842.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Cheryl Maguire sold 7,551 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total transaction of $75,510.00. Following the completion of the sale, the chief financial officer directly owned 200,719 shares in the company, valued at $2,007,190. This represents a 3.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 610,823 shares of company stock worth $5,767,726 over the last ninety days. 4.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lsb Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in Lsb Industries in the 4th quarter worth about $29,000. Russell Investments Group Ltd. raised its holdings in 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 buying an additional 4,350 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Lsb Industries in the third quarter worth approximately $42,000. Tower Research Capital LLC TRC lifted its stake in shares of Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after buying an additional 2,856 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Lsb Industries during the third quarter valued at approximately $94,000. 73.67% of the stock is currently owned by institutional investors.

About Lsb Industries

(Get Free Report)

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.

Featured Articles