LSB Industries major shareholder Unloads $635,398 in Stock (LXU)
LSB Industries (NYSE:LXU) major shareholder Sbl, Llc sold 15,877 shares of the stock on the open market in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $40.02, for a total transaction of $635,397.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of LSB Industries (NYSE:LXU) traded down 0.02% during mid-day trading on Monday, hitting $39.99. 140,445 shares of the company’s stock traded hands. LSB Industries has a 1-year low of $29.39 and a 1-year high of $42.06. The stock’s 50-day moving average is $37.87 and its 200-day moving average is $35.95. The company has a market cap of $901.2 million and a P/E ratio of 14.26.
LSB Industries (NYSE:LXU) last released its earnings data on Wednesday, May 7th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.02) earnings per share. LSB Industries’s revenue was up 18.5% compared to the same quarter last year. 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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