JB Capital Partners LP Purchases Shares of 70,000 Lsb Industries Inc. $LXU

JB Capital Partners LP acquired a new position in shares of Lsb Industries Inc. (NYSE:LXU) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 70,000 shares of the conglomerate’s stock, valued at approximately $756,700,000.

Several other hedge funds also recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in Lsb Industries by 7.4% during the first quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock worth $257,000 after acquiring an additional 2,692 shares in the last quarter. Empowered Funds LLC bought a new position in Lsb Industries in the first quarter valued at approximately $697,000. JPMorgan Chase & Co. grew its stake in Lsb Industries by 22.3% in the second quarter. JPMorgan Chase & Co. now owns 178,493 shares of the conglomerate’s stock valued at $1,392,000 after purchasing an additional 32,516 shares in the last quarter. Rhumbline Advisers increased its position in shares of Lsb Industries by 1.8% during the 2nd quarter. Rhumbline Advisers now owns 89,804 shares of the conglomerate’s stock worth $700,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Lsb Industries during the 2nd quarter worth approximately $1,694,000. Institutional investors own 73.67% of the company’s stock.

Lsb Industries Trading Up 4.2%

Lsb Industries stock opened at $11.14 on Friday. Lsb Industries Inc. has a 52 week low of $7.71 and a 52 week high of $17.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.31 and a current ratio of 2.43. The stock has a market capitalization of $802.08 million, a P/E ratio of 22.28 and a beta of 0.30. The stock has a 50-day simple moving average of $10.87 and a 200 day simple moving average of $12.34.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.42). The business had revenue of $168.09 million during the quarter, compared to the consensus estimate of $155.45 million. Lsb Industries had a net margin of 5.58% and a return on equity of 6.98%. Analysts expect that Lsb Industries Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LXU has been the subject of several recent analyst reports. Royal Bank Of Canada raised Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a report on Monday, August 10th. Wall Street Zen downgraded shares of Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Lsb Industries has an average rating of “Hold” and a consensus target price of $14.67.

Insider Buying and Selling

In other Lsb Industries news, Director Lynn F. White sold 40,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $11.80, for a total transaction of $472,000.00. Following the completion of the sale, the director owned 202,489 shares of the company’s stock, valued at $2,389,370.20. This trade represents a 16.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kristy Carver sold 9,554 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $12.38, for a total value of $118,278.52. Following the sale, the senior vice president directly owned 47,452 shares of the company’s stock, valued at $587,455.76. This represents a 16.76% decrease in their position. The SEC filing for this sale provides additional information. 3.00% of the stock is currently owned by insiders.

About Lsb Industries

LSB Industries, Inc (NYSE: LXU) is an Oklahoma City–based manufacturer of chemical products serving the agricultural, industrial and defense markets. The company operates primarily through two segments: Fertilizer Solutions and Commodities Solutions. Through its Fertilizer Solutions segment, LSB produces primary nitrogen products—including anhydrous ammonia and technical-grade ammonium nitrate—that are sold to fertilizer distributors and agricultural retailers across North America. Its Commodities Solutions segment manufactures and sells nitric acid, sodium nitrate and other nitrate-based compounds for industrial applications such as mining, water treatment and specialty chemical production, as well as defense-related formulations used in munitions and pyrotechnics.

Incorporated in 1969, LSB Industries has grown from a single production site to multiple manufacturing facilities strategically located in the central United States.