LSB Industries, Inc. (LXU) Director Sells $10,212.50 in Stock
LSB Industries, Inc. (NYSE:LXU) Director Richard S. Sanders, Jr. sold 1,250 shares of the stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $8.17, for a total transaction of $10,212.50. Following the completion of the sale, the director now owns 22,778 shares of the company’s stock, valued at approximately $186,096.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE LXU opened at $7.97 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. LSB Industries, Inc. has a twelve month low of $4.75 and a twelve month high of $10.05.
LSB Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, October 24th. The conglomerate reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.42). The business had revenue of $79.78 million for the quarter. LSB Industries had a negative return on equity of 14.79% and a negative net margin of 15.65%.
A number of institutional investors and hedge funds have recently made changes to their positions in LXU. BlackRock Inc. lifted its stake in LSB Industries by 1.2% during the first quarter. BlackRock Inc. now owns 2,637,893 shares of the conglomerate’s stock worth $16,171,000 after purchasing an additional 31,643 shares during the period. JPMorgan Chase & Co. lifted its stake in LSB Industries by 119.1% during the first quarter. JPMorgan Chase & Co. now owns 31,492 shares of the conglomerate’s stock worth $192,000 after purchasing an additional 17,120 shares during the period. California Public Employees Retirement System lifted its stake in LSB Industries by 42.8% during the first quarter. California Public Employees Retirement System now owns 36,269 shares of the conglomerate’s stock worth $222,000 after purchasing an additional 10,869 shares during the period. Engineers Gate Manager LP bought a new position in LSB Industries during the second quarter worth about $108,000. Finally, Bank of New York Mellon Corp lifted its stake in LSB Industries by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 235,881 shares of the conglomerate’s stock worth $1,250,000 after purchasing an additional 7,800 shares during the period. Hedge funds and other institutional investors own 54.94% of the company’s stock.
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About LSB Industries
LSB Industries, Inc manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. It provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.
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