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

JB Capital Partners LP purchased a new stake in shares of Lsb Industries Inc. (NYSE:LXU) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 70,000 shares of the conglomerate’s stock, valued at approximately $756,700. JB Capital Partners LP owned about 0.10% of Lsb Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Lsb Industries in the fourth quarter valued at $29,000. Persistent Asset Partners Ltd acquired a new stake in Lsb Industries in the 2nd quarter valued at approximately $47,000. Russell Investments Group Ltd. boosted its holdings in shares of Lsb Industries by 2,900.0% in the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock worth $35,000 after buying an additional 4,350 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Lsb Industries during the 3rd quarter worth about $42,000. Finally, Tower Research Capital LLC TRC boosted its stake in Lsb Industries by 90.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock worth $47,000 after buying an additional 2,856 shares in the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

Insiders Place Their Bets

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

Lsb Industries Stock Down 0.8%

NYSE LXU traded down $0.08 during trading on Friday, hitting $10.36. 202,664 shares of the company traded hands, compared to its average volume of 1,080,443. Lsb Industries Inc. has a 12 month low of $7.71 and a 12 month high of $17.22. The company has a market capitalization of $745.92 million, a P/E ratio of 20.72 and a beta of 0.30. 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 business has a fifty day simple moving average of $10.77 and a 200 day simple moving average of $12.39.

Lsb Industries (NYSE:LXU) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.42). The business had revenue of $168.09 million for 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%. As a group, sell-side analysts predict that Lsb Industries Inc. will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LXU shares. Weiss Ratings cut Lsb Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. UBS Group set a $16.00 target price on shares of Lsb Industries and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered Lsb Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Royal Bank Of Canada raised shares of Lsb Industries from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.67.

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.