Insider Selling: LSB Industries, Inc. (NYSE:LXU) EVP Sells $307,497.75 in Stock

LSB Industries, Inc. (NYSE:LXU) EVP John Burns sold 33,243 shares of LSB Industries stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $9.25, for a total transaction of $307,497.75. Following the sale, the executive vice president now directly owns 131,286 shares in the company, valued at approximately $1,214,395.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

John Burns also recently made the following trade(s):

• On Wednesday, March 27th, John Burns sold 33,243 shares of LSB Industries stock. The shares were sold at an average price of $8.25, for a total value of $274,254.75.

LSB Industries Price Performance

LXU opened at $8.51 on Friday. The stock’s 50-day moving average price is $8.02 and its 200 day moving average price is $8.37. LSB Industries, Inc. has a 12-month low of $6.74 and a 12-month high of $11.69. The firm has a market cap of $608.81 million, a price-to-earnings ratio of 35.46 and a beta of 1.10. The company has a current ratio of 3.64, a quick ratio of 3.45 and a debt-to-equity ratio of 1.05.

LSB Industries (NYSE:LXU) last issued its quarterly earnings results on Tuesday, March 5th. The conglomerate reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.13). The business had revenue of $132.61 million for the quarter, compared to analyst estimates of $127.62 million. LSB Industries had a return on equity of 2.70% and a net margin of 3.20%. As a group, sell-side analysts expect that LSB Industries, Inc. will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On LSB Industries

A number of hedge funds have recently added to or reduced their stakes in LXU. Bailard Inc. increased its position in shares of LSB Industries by 4.1% during the third quarter. Bailard Inc. now owns 35,993 shares of the conglomerate’s stock worth $368,000 after acquiring an additional 1,433 shares during the period. Panagora Asset Management Inc. purchased a new stake in LSB Industries during the 3rd quarter worth about $870,000. Krilogy Financial LLC raised its position in LSB Industries by 11.4% in the 3rd quarter. Krilogy Financial LLC now owns 511,250 shares of the conglomerate’s stock valued at $5,230,000 after purchasing an additional 52,500 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of LSB Industries by 11.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,240 shares of the conglomerate’s stock valued at $187,000 after buying an additional 1,849 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of LSB Industries by 14.0% during the third quarter. Victory Capital Management Inc. now owns 1,802,145 shares of the conglomerate’s stock worth $18,436,000 after buying an additional 221,743 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 brokerages recently issued reports on LXU. UBS Group cut their price objective on LSB Industries from $9.00 to $7.75 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Piper Sandler lowered shares of LSB Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $11.50 to $8.00 in a report on Thursday, February 29th.

About LSB Industries

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.