Insider Selling: Lsb Industries (NYSE:LXU) Director Sells $971,333.24 in Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 96,554 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $10.06, for a total transaction of $971,333.24. Following the completion of the sale, the director owned 51,894 shares of the company’s stock, valued at $522,053.64. The trade was a 65.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Lsb Industries Price Performance

Shares of LXU stock opened at $9.89 on Monday. Lsb Industries Inc. has a 1 year low of $4.88 and a 1 year high of $10.17. The company has a current ratio of 2.84, a quick ratio of 2.63 and a debt-to-equity ratio of 0.89. The firm’s 50 day moving average is $8.99 and its 200-day moving average is $8.59. The firm has a market capitalization of $711.13 million, a price-to-earnings ratio of -988.50 and a beta of 0.75.

Lsb Industries (NYSE:LXU) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Lsb Industries had a negative net margin of 0.11% and a positive return on equity of 2.70%. The business had revenue of $155.43 million during the quarter, compared to analyst estimates of $138.30 million. Sell-side analysts forecast that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Institutional Trading of Lsb Industries

Hedge funds have recently modified their holdings of the company. Brandywine Global Investment Management LLC acquired a new stake in Lsb Industries during the 2nd quarter worth $2,412,000. American Century Companies Inc. grew its stake in Lsb Industries by 5.9% in the second quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock valued at $14,671,000 after acquiring an additional 104,355 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Lsb Industries in the third quarter worth about $650,000. JB Capital Partners LP bought a new stake in shares of Lsb Industries in the second quarter worth about $529,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Lsb Industries during the third quarter worth about $366,000. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LXU has been the topic of several recent research reports. UBS Group reiterated a “neutral” rating and issued a $9.75 price target (up previously from $9.50) on shares of Lsb Industries in a report on Monday, January 12th. Zacks Research raised shares of Lsb Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Wall Street Zen upgraded shares of Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $11.00 price objective (up from $10.00) on shares of Lsb Industries in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lsb Industries has a consensus rating of “Moderate Buy” and a consensus price target of $10.25.

Lsb Industries Company Profile

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.