Barry Golsen Sells 1,550 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 1,550 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $10.00, for a total value of $15,500.00. Following the completion of the transaction, the director owned 87,787 shares in the company, valued at $877,870. This trade represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lsb Industries Stock Down 3.5%

Lsb Industries stock opened at $9.60 on Friday. The stock has a 50 day moving average of $8.99 and a two-hundred day moving average of $8.53. Lsb Industries Inc. has a twelve month low of $4.88 and a twelve month high of $10.04. The stock has a market capitalization of $690.62 million, a price-to-earnings ratio of -960.00 and a beta of 0.75. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $138.30 million. As a group, research analysts expect that Lsb Industries Inc. will post -0.18 earnings per share for the current year.

Trending Headlines about Lsb Industries

Here are the key news stories impacting Lsb Industries this week:

• Negative Sentiment: CFO Cheryl Maguire sold 7,551 shares at an average of $10.00 on Jan. 14 (≈ $75,510). CFO 7,551-share sale
• Negative Sentiment: CFO Cheryl Maguire sold an additional 1,550 shares at $10.00 on Jan. 15 (≈ $15,500), reducing her position modestly. CFO 1,550-share sale
• Negative Sentiment: SVP Kristy Carver sold 19,550 shares at ~$9.99 on Jan. 14 (≈ $195,304.50), representing a large 27% reduction in her stake. SVP 19,550-share sale
• Negative Sentiment: Director Barry H. Golsen sold 15,600 shares at $10.00 on Jan. 14 (≈ $156,000), cutting his holding by ~15%. Director 15,600-share sale
• Negative Sentiment: Director Barry H. Golsen sold an additional 1,550 shares at $10.00 on Jan. 15 (≈ $15,500). Director 1,550-share sale

Institutional Investors Weigh In On Lsb Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its holdings in shares of Lsb Industries by 2,900.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after acquiring 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 $42,000. Tower Research Capital LLC TRC boosted its position in shares of Lsb Industries by 90.3% in the 2nd 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. Quarry LP acquired a new stake in Lsb Industries in the 3rd quarter valued at about $94,000. Finally, Orion Porfolio Solutions LLC grew its stake in Lsb Industries by 21.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock valued at $97,000 after acquiring an additional 2,148 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LXU has been the topic of several analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $9.75 target price (up previously from $9.50) on shares of Lsb Industries in a report on Monday, January 12th. Royal Bank Of Canada lifted their price objective on Lsb Industries from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Zacks Research upgraded Lsb Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. Finally, Wall Street Zen raised Lsb Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.92.

About Lsb Industries

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.