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

Key Points

• Director Jonathan Ackerman purchased 1,000 LSB Industries shares at an average price of $11.30, increasing his holdings by 9.75% to 11,252 shares.
• LSB Industries reported a quarterly loss of $0.09 per share, missing the $0.33 consensus estimate, although revenue of $168.09 million exceeded expectations.
• Analysts maintain a consensus “Hold” rating with an average price target of $14.67; institutional investors own approximately 73.67% of the company.

Lsb Industries Inc. (NYSE:LXU - Get Free Report) Director Jonathan Ackerman bought 1,000 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was bought at an average cost of $11.30 per share, with a total value of $11,300.00. Following the completion of the purchase, the director owned 11,252 shares of the company's stock, valued at approximately $127,147.60. The trade was a 9.75% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lsb Industries Price Performance

Shares of LXU stock opened at $11.09 on Thursday. Lsb Industries Inc. has a 1 year low of $7.71 and a 1 year high of $17.22. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. The firm's 50 day moving average is $10.88 and its 200-day moving average is $12.51. The firm has a market capitalization of $798.34 million, a price-to-earnings ratio of 22.18 and a beta of 0.31.

Lsb Industries (NYSE:LXU - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.42). Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. The company had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. Sell-side analysts forecast that Lsb Industries Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

LXU has been the topic of several research reports. Royal Bank Of Canada raised 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. Weiss Ratings cut Lsb Industries from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen downgraded shares of Lsb Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $14.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Lsb Industries in the second quarter valued at about $50,802,000. Dimensional Fund Advisors LP boosted its holdings in Lsb Industries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,431,936 shares of the conglomerate's stock worth $36,241,000 after buying an additional 57,999 shares during the last quarter. Robotti Robert acquired a new position in shares of Lsb Industries during the 2nd quarter worth about $22,914,000. Renaissance Technologies LLC increased its stake in shares of Lsb Industries by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,792,506 shares of the conglomerate's stock valued at $26,708,000 after acquiring an additional 46,613 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Lsb Industries in the 1st quarter valued at about $11,458,000. 73.67% of the stock is currently owned by institutional investors.

Lsb Industries Company Profile

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.

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