Insider Buying: Mark T. Behrman Acquires 1,000 Shares of LSB Industries Stock (LXU)
LSB Industries (NYSE:LXU) VP Mark T. Behrman acquired 1,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 3rd. The stock was purchased at an average price of $37.90 per share, with a total value of $37,900.00. Following the completion of the acquisition, the vice president now directly owns 1,000 shares of the company’s stock, valued at approximately $37,900. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
LSB Industries (NYSE:LXU) traded up 4.31% on Thursday, hitting $39.91. The stock had a trading volume of 106,392 shares. LSB Industries has a one year low of $29.39 and a one year high of $42.06. The stock’s 50-day moving average is $37.71 and its 200-day moving average is $35.68. The company has a market cap of $899.4 million and a P/E ratio of 13.64.
LSB Industries (NYSE:LXU) last released its earnings data on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.03. The company had revenue of $178.53 million for the quarter, compared to the consensus estimate of $144.89 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. On average, analysts predict that LSB Industries will post $2.26 earnings per share for the current fiscal year.
Separately, analysts at Singular Research raised their price target on shares of LSB Industries from $44.00 to $47.00 in a research note on Tuesday, May 13th. They now have a “buy” rating on the stock.
LSB Industries, Inc is a diversified holding company involved in manufacturing and marketing operations through its subsidiaries.
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