Insider Selling: Barry H. Golsen Sells 9,259 Shares of LSB Industries Stock (LXU)
LSB Industries (NYSE:LXU) COO Barry H. Golsen sold 9,259 shares of the stock on the open market in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $40.81, for a total value of $377,859.79. Following the sale, the chief operating officer now directly owns 2,744 shares of the company’s stock, valued at approximately $111,983. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of LSB Industries (NYSE:LXU) traded down 0.71% on Friday, hitting $40.60. The stock had a trading volume of 81,957 shares. LSB Industries has a one year low of $29.39 and a one year high of $42.30. The stock’s 50-day moving average is $38.06 and its 200-day moving average is $36.09. The company has a market cap of $914.9 million and a price-to-earnings ratio of 14.58.
LSB Industries (NYSE:LXU) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts expect that LSB Industries will post $2.26 EPS 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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