Insider Selling: Lsb Industries (NYSE:LXU) Director Sells 54,316 Shares of Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 54,316 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $9.03, for a total value of $490,473.48. Following the completion of the sale, the director directly owned 179,526 shares in the company, valued at approximately $1,621,119.78. This represents a 23.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Lsb Industries Stock Performance

Shares of Lsb Industries stock traded down $0.01 during midday trading on Monday, hitting $8.90. The company had a trading volume of 344,791 shares, compared to its average volume of 440,090. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63. Lsb Industries Inc. has a 1-year low of $4.88 and a 1-year high of $9.98. The business’s 50 day simple moving average is $8.91 and its two-hundred day simple moving average is $8.38. The stock has a market cap of $639.91 million, a PE ratio of -889.50 and a beta of 0.81.

Lsb Industries (NYSE:LXU) last posted its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $155.43 million for the quarter, compared to the consensus estimate of $138.30 million. As a group, equities analysts predict that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lsb Industries in a research note on Monday, December 8th. Royal Bank Of Canada raised their target price on Lsb Industries from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. Finally, UBS Group reiterated a “neutral” rating and issued a $9.50 price target (up from $9.25) on shares of Lsb Industries in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.83.

Hedge Funds Weigh In On Lsb Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in Lsb Industries by 24.7% during the 1st quarter. HighTower Advisors LLC now owns 255,242 shares of the conglomerate’s stock worth $1,682,000 after acquiring an additional 50,525 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Lsb Industries by 20.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 572,409 shares of the conglomerate’s stock worth $3,772,000 after acquiring an additional 98,810 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Lsb Industries by 5.9% during the second quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock worth $14,671,000 after purchasing an additional 104,355 shares in the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of Lsb Industries during the second quarter valued at approximately $2,412,000. Finally, Nuveen LLC bought a new stake in shares of Lsb Industries during the first quarter valued at approximately $1,226,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Lsb Industries Company Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.