Lsb Industries (NYSE:LXU) Stock: Insider Jonathan Ackerman Purchases 1,000 Shares

Lsb Industries Inc. (NYSE:LXU) Director Jonathan Ackerman bought 1,000 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was acquired at an average cost of $10.17 per share, with a total value of $10,170.00. Following the completion of the transaction, the director directly owned 12,252 shares of the company’s stock, valued at approximately $124,602.84. This represents a 8.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Lsb Industries Stock Up 2.8%

Shares of LXU traded up $0.27 during mid-day trading on Monday, hitting $10.16. 889,121 shares of the company’s stock were exchanged, compared to its average volume of 1,027,825. The stock has a market cap of $731.74 million, a price-to-earnings ratio of 20.33 and a beta of 0.44. The firm has a fifty day moving average of $10.55 and a two-hundred day moving average of $11.71. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. Lsb Industries Inc. has a twelve month low of $8.12 and a twelve month high of $17.22.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.42). The business had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LXU shares. Wall Street Zen lowered Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Lsb Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 16th. Royal Bank Of Canada raised shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research report on Monday, August 10th. Finally, set a $13.00 price objective on shares of Lsb Industries and gave the stock an “outperform” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Lsb Industries currently has a consensus rating of “Hold” and a consensus price target of $14.67.

Institutional Trading of Lsb Industries

Several hedge funds have recently added to or reduced their stakes in LXU. Squarepoint Ops LLC boosted its position in shares of Lsb Industries by 339.6% in the second quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate’s stock valued at $3,763,000 after acquiring an additional 268,939 shares during the period. Empowered Funds LLC acquired a new position in Lsb Industries during the 2nd quarter valued at $3,845,000. Bank of New York Mellon Corp acquired a new position in Lsb Industries during the 2nd quarter valued at $1,922,000. Arrowstreet Capital Limited Partnership bought a new stake in Lsb Industries in the 1st quarter valued at $11,458,000. Finally, Sei Investments Co. boosted its holdings in Lsb Industries by 343.2% in the 1st quarter. Sei Investments Co. now owns 182,351 shares of the conglomerate’s stock valued at $2,717,000 after purchasing an additional 141,208 shares during the period. Institutional investors own 73.67% of the company’s stock.

Lsb Industries Company Profile

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.