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

Lsb Industries Inc. (NYSE:LXU) Director Jonathan Ackerman bought 1,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average price of $11.30 per share, for a total transaction of $11,300.00. Following the completion of the acquisition, the director owned 11,252 shares of the company’s stock, valued at approximately $127,147.60. This trade represents a 9.75% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Lsb Industries Trading Down 2.9%

Shares of NYSE LXU opened at $11.09 on Thursday. Lsb Industries Inc. has a twelve month low of $7.71 and a twelve month high of $17.22. The stock has a market cap of $798.34 million, a price-to-earnings ratio of 22.18 and a beta of 0.31. The company has a quick ratio of 2.31, a current ratio of 2.43 and a debt-to-equity ratio of 0.82. The company’s fifty day moving average is $10.88 and its 200-day moving average is $12.51.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42). The firm had revenue of $168.09 million during the quarter, compared to the consensus estimate of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. Equities research analysts predict that Lsb Industries Inc. will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LXU. Weiss Ratings cut Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of Lsb Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Royal Bank Of Canada upgraded 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 note on Monday, August 10th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.67.

Institutional Trading of Lsb Industries

A number of hedge funds have recently made changes to their positions in LXU. Persistent Asset Partners Ltd acquired a new position in shares of Lsb Industries during the 2nd quarter worth approximately $47,000. MQS Management LLC bought a new position in shares of Lsb Industries in the first quarter valued at about $172,000. Cibc World Market Inc. acquired a new stake in shares of Lsb Industries during the 2nd quarter worth about $140,000. PDT Partners LLC bought a new stake in shares of Lsb Industries during the 2nd quarter worth about $145,000. Finally, Arizona State Retirement System bought a new position in Lsb Industries in the 2nd quarter valued at about $166,000. 73.67% of the stock is owned by institutional investors and hedge funds.

About Lsb Industries

LSB Industries, Inc is a diversified chemical company that manufactures nitrogen-based fertilizer and industrial products. Its agricultural offerings include ammonia, urea ammonium nitrate (UAN) and ammonium nitrate, which are used by farmers and agricultural distributors to support crop production.

The company also produces industrial chemicals, including ammonia and nitric acid, for applications in areas such as emissions control, chemical processing, mining and other industrial markets.