Lynn White Sells 40,000 Shares of Lsb Industries (NYSE:LXU) Stock

Lsb Industries Inc. (NYSE:LXU) Director Lynn White sold 40,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total transaction of $472,000.00. Following the completion of the sale, the director directly owned 202,489 shares of the company’s stock, valued at approximately $2,389,370.20. This trade represents a 16.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Lsb Industries Price Performance

Shares of LXU opened at $12.22 on Friday. Lsb Industries Inc. has a 1-year low of $7.09 and a 1-year high of $17.22. The stock has a market cap of $878.75 million, a PE ratio of 19.39 and a beta of 0.31. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.07 and a quick ratio of 2.85. The firm has a fifty day moving average price of $13.80 and a 200 day moving average price of $11.71.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.14. Lsb Industries had a net margin of 7.16% and a return on equity of 8.91%. The firm had revenue of $169.49 million during the quarter, compared to analysts’ expectations of $166.19 million. As a group, sell-side analysts anticipate that Lsb Industries Inc. will post 0.53 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LXU. Royal Bank of Canada grew its position in Lsb Industries by 7.4% during the 1st quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock worth $257,000 after purchasing an additional 2,692 shares during the last quarter. Empowered Funds LLC purchased a new position in Lsb Industries during the 1st quarter worth $697,000. JPMorgan Chase & Co. grew its position in Lsb Industries by 22.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 178,493 shares of the conglomerate’s stock worth $1,392,000 after purchasing an additional 32,516 shares during the last quarter. Rhumbline Advisers grew its position in Lsb Industries by 1.8% during the 2nd quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock worth $700,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Lsb Industries during the 2nd quarter worth $1,694,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LXU has been the subject of a number of research reports. Weiss Ratings raised shares of Lsb Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Jefferies Financial Group boosted their price target on shares of Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, March 12th. Wall Street Zen cut shares of Lsb Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $15.00 price target (up from $14.00) on shares of Lsb Industries in a research report on Monday, May 11th. Finally, UBS Group set a $16.00 price target on shares of Lsb Industries and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.33.

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.