Lynn F. White Acquires 10,000 Shares of LSB Industries, Inc. (NYSE:LXU) Stock

LSB Industries, Inc. (NYSE:LXU) Director Lynn F. White acquired 10,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $4.21 per share, for a total transaction of $42,100.00. Following the purchase, the director now directly owns 44,689 shares of the company’s stock, valued at $188,140.69. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of LSB Industries stock traded up $0.30 on Monday, reaching $4.70. 3,872 shares of the company were exchanged, compared to its average volume of 316,614. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.75 and a current ratio of 1.98. The company’s 50-day moving average is $4.06 and its two-hundred day moving average is $5.37. The firm has a market cap of $121.18 million, a price-to-earnings ratio of -1.34 and a beta of 4.30. LSB Industries, Inc. has a 1-year low of $2.81 and a 1-year high of $10.00.

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

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of LSB Industries by 8.4% during the 4th quarter. Bank of America Corp DE now owns 41,312 shares of the conglomerate’s stock worth $228,000 after purchasing an additional 3,187 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of LSB Industries by 331.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,498 shares of the conglomerate’s stock worth $28,000 after purchasing an additional 3,456 shares during the period. Northern Trust Corp raised its position in shares of LSB Industries by 2.1% during the 2nd quarter. Northern Trust Corp now owns 275,833 shares of the conglomerate’s stock worth $1,076,000 after purchasing an additional 5,595 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in shares of LSB Industries during the 4th quarter worth approximately $32,000. Finally, Bank of New York Mellon Corp raised its position in shares of LSB Industries by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 243,612 shares of the conglomerate’s stock worth $1,345,000 after purchasing an additional 6,585 shares during the period. Institutional investors and hedge funds own 71.66% of the company’s stock.

LXU has been the topic of several research reports. Zacks Investment Research upgraded LSB Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. ValuEngine cut LSB Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 12th.

About LSB Industries

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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