LSB Industries (NYSE:LXU) Trading Up 5.5%

LSB Industries, Inc. (NYSE:LXU)’s share price was up 5.5% during trading on Wednesday . The stock traded as high as $5.84 and last traded at $5.76, approximately 116,260 shares traded hands during trading. A decline of 12% from the average daily volume of 131,395 shares. The stock had previously closed at $5.46.

Several analysts have commented on LXU shares. ValuEngine upgraded shares of LSB Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 10th. Zacks Investment Research upgraded shares of LSB Industries from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, August 21st.

The firm’s 50-day simple moving average is $5.07 and its 200 day simple moving average is $4.99. The company has a market cap of $161.19 million, a P/E ratio of -1.65 and a beta of 4.32. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.75 and a current ratio of 1.98.



LSB Industries (NYSE:LXU) last issued its earnings results on Monday, July 29th. The conglomerate reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.47) by $0.42. The company had revenue of $121.53 million during the quarter, compared to analysts’ expectations of $97.55 million. LSB Industries had a negative net margin of 11.29% and a negative return on equity of 13.19%. As a group, research analysts forecast that LSB Industries, Inc. will post -2.29 earnings per share for the current year.

In other LSB Industries news, Director Richard Roedel bought 19,720 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was bought at an average price of $5.26 per share, for a total transaction of $103,727.20. Following the transaction, the director now owns 28,780 shares of the company’s stock, valued at approximately $151,382.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark T. Behrman bought 19,300 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $5.14 per share, with a total value of $99,202.00. Following the transaction, the chief executive officer now directly owns 591,384 shares in the company, valued at approximately $3,039,713.76. The disclosure for this purchase can be found here. Insiders have acquired a total of 49,020 shares of company stock valued at $245,029 in the last quarter. Corporate insiders own 16.30% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP bought a new stake in shares of LSB Industries during the 2nd quarter valued at $45,000. Citadel Advisors LLC bought a new stake in shares of LSB Industries in the 2nd quarter valued at $50,000. Morgan Stanley increased its position in shares of LSB Industries by 490.5% in the 2nd quarter. Morgan Stanley now owns 101,658 shares of the conglomerate’s stock valued at $396,000 after buying an additional 84,441 shares in the last quarter. Invesco Ltd. increased its position in shares of LSB Industries by 20.2% in the 2nd quarter. Invesco Ltd. now owns 171,722 shares of the conglomerate’s stock valued at $670,000 after buying an additional 28,818 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of LSB Industries by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,351,332 shares of the conglomerate’s stock valued at $5,270,000 after buying an additional 35,248 shares in the last quarter. Institutional investors own 70.04% of the company’s stock.

About LSB Industries (NYSE:LXU)

LSB Industries, Inc manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. It provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

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