Insider Selling: Lsb Industries (NYSE:LXU) Director Sells $1,093,178.07 in Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 118,953 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $9.19, for a total transaction of $1,093,178.07. Following the sale, the director directly owned 96,773 shares in the company, valued at $889,343.87. The trade was a 55.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lsb Industries Price Performance

Lsb Industries stock opened at $9.91 on Thursday. The firm has a market capitalization of $712.57 million, a P/E ratio of -990.50 and a beta of 0.75. Lsb Industries Inc. has a one year low of $4.88 and a one year high of $10.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.84 and a quick ratio of 2.63. The business has a fifty day moving average price of $8.94 and a 200-day moving average price of $8.51.

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $9.75 price objective (up previously from $9.50) on shares of Lsb Industries in a research note on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lsb Industries in a report on Monday, December 29th. Royal Bank Of Canada increased their price objective on Lsb Industries from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. Wall Street Zen upgraded Lsb Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Zacks Research upgraded Lsb Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brandywine Global Investment Management LLC bought a new position in Lsb Industries in the second quarter valued at $2,412,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Lsb Industries during the 2nd quarter valued at about $1,694,000. JPMorgan Chase & Co. increased its position in shares of Lsb Industries by 104.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 365,601 shares of the conglomerate’s stock valued at $2,881,000 after purchasing an additional 187,108 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Lsb Industries by 825.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 166,639 shares of the conglomerate’s stock valued at $1,313,000 after buying an additional 148,634 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in Lsb Industries by 31.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 467,113 shares of the conglomerate’s stock worth $3,643,000 after buying an additional 110,889 shares during the last quarter. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

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.