Lsb Industries (NYSE:LXU) Director Acquires 1,000 Shares of Stock

Key Points

• Director Jonathan Ackerman purchased 1,000 LSB Industries shares at an average price of $10.17, investing $10,170 and increasing his direct ownership by 8.89% to 12,252 shares.
• LSB Industries shares traded near $10.16, well below their 52-week high of $17.22. The company’s latest quarterly results missed earnings expectations, reporting a $0.09-per-share loss despite revenue exceeding estimates.
• Analysts maintain a consensus “Hold” rating, with an average price target of $14.67, while institutional investors own 73.67% of the company’s outstanding shares.

Lsb Industries Inc. (NYSE:LXU - Get Free Report) Director Jonathan Ackerman purchased 1,000 shares of the company's stock in a transaction on Thursday, October 15th. The stock was bought at an average cost of $10.17 per share, for a total transaction of $10,170.00. Following the acquisition, the director directly owned 12,252 shares of the company's stock, valued at $124,602.84. This represents a 8.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Lsb Industries Price Performance

Shares of NYSE LXU traded up $0.27 during mid-day trading on Monday, reaching $10.16. The company had a trading volume of 889,121 shares, compared to its average volume of 1,027,825. The company has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $11.71. The stock has a market cap of $731.74 million, a PE ratio of 20.33 and a beta of 0.44. The company has a current ratio of 2.43, a quick ratio of 2.31 and a debt-to-equity ratio of 0.82. Lsb Industries Inc. has a 1-year low of $8.12 and a 1-year high of $17.22.

Lsb Industries (NYSE:LXU - Get Free Report) last released 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). The company had revenue of $168.09 million during the quarter, compared to analyst estimates of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%.

Institutional Trading of Lsb Industries

Several institutional investors have recently made changes to their positions in LXU. Sterling Capital Management LLC boosted its stake in shares of Lsb Industries by 7.4% during the 3rd quarter. Sterling Capital Management LLC now owns 26,286 shares of the conglomerate's stock valued at $257,000 after buying an additional 1,816 shares during the period. CWA Asset Management Group LLC increased its stake in shares of Lsb Industries by 12.0% in the third quarter. CWA Asset Management Group LLC now owns 147,732 shares of the conglomerate's stock worth $1,443,000 after acquiring an additional 15,781 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Lsb Industries by 339.6% in the second quarter. Squarepoint Ops LLC now owns 348,123 shares of the conglomerate's stock worth $3,763,000 after acquiring an additional 268,939 shares during the last quarter. Arizona State Retirement System purchased a new stake in shares of Lsb Industries during the second quarter worth $166,000. Finally, AXQ Capital LP raised its holdings in shares of Lsb Industries by 4.8% during the second quarter. AXQ Capital LP now owns 46,682 shares of the conglomerate's stock worth $505,000 after acquiring an additional 2,144 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LXU shares. set a $13.00 price target on shares of Lsb Industries and gave the company an "outperform" rating in a report on Monday, October 5th. Royal Bank Of Canada raised Lsb Industries from a "sector perform" rating to an "outperform" rating and set a $13.00 target price for the company in a research report on Monday, August 10th. Weiss Ratings upgraded Lsb Industries from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, October 16th. Finally, Wall Street Zen lowered Lsb Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $14.67.

About Lsb Industries

LSB Industries, Inc is a chemical manufacturing company headquartered in Oklahoma City, Oklahoma. The company produces nitrogen-based fertilizers and industrial and mining chemicals for customers in the agricultural, industrial and explosives markets.

Its product portfolio includes ammonia, fertilizer-grade ammonium nitrate, urea ammonium nitrate and nitric acid, as well as industrial products such as sulfuric acid, carbon dioxide and diesel exhaust fluid. LSB also supplies ammonium nitrate and related products used in mining and other industrial applications.

LSB Industries operates manufacturing facilities in the United States, including locations in Alabama, Arkansas and Oklahoma, and serves customers primarily across North America.

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