Barry Golsen Sells 17,813 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Barry Golsen sold 17,813 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $10.04, for a total transaction of $178,842.52. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Lsb Industries Stock Up 3.5%

NYSE LXU traded up $0.34 on Wednesday, hitting $10.31. 550,909 shares of the stock traded hands, compared to its average volume of 527,711. 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 stock has a 50-day moving average of $9.14 and a 200 day moving average of $8.68. Lsb Industries Inc. has a twelve month low of $4.88 and a twelve month high of $10.41. The company has a market capitalization of $741.99 million, a P/E ratio of -1,031.40 and a beta of 0.74.

Hedge Funds Weigh In On Lsb Industries

Several large investors have recently made changes to their positions in LXU. American Century Companies Inc. boosted its position in shares of Lsb Industries by 5.9% in the 2nd quarter. American Century Companies Inc. now owns 1,880,868 shares of the conglomerate’s stock valued at $14,671,000 after purchasing an additional 104,355 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in Lsb Industries during the second quarter valued at about $2,412,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Lsb Industries in the third quarter worth about $650,000. JB Capital Partners LP acquired a new position in shares of Lsb Industries in the second quarter worth about $529,000. Finally, Orion Porfolio Solutions LLC increased its position in shares of Lsb Industries by 21.0% in the third quarter. Orion Porfolio Solutions LLC now owns 12,354 shares of the conglomerate’s stock worth $97,000 after acquiring an additional 2,148 shares in the last quarter. Institutional investors own 73.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LXU shares. Royal Bank Of Canada restated an “outperform” rating and set a $11.00 price target (up previously from $10.00) on shares of Lsb Industries in a research report on Tuesday, January 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Lsb Industries in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Lsb Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Zacks Research downgraded Lsb Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, UBS Group restated a “neutral” rating and issued a $9.75 target price (up from $9.50) on shares of Lsb Industries in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lsb Industries has an average rating of “Hold” and a consensus price target of $10.25.

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.