JPMorgan Chase & Co. Buys 187,108 Shares of Lsb Industries Inc. $LXU

JPMorgan Chase & Co. boosted its stake in shares of Lsb Industries Inc. (NYSE:LXU) by 104.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 365,601 shares of the conglomerate’s stock after buying an additional 187,108 shares during the quarter. JPMorgan Chase & Co.’s holdings in Lsb Industries were worth $2,881,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LXU. Royal Bank of Canada increased its position in Lsb Industries by 7.4% during the first quarter. Royal Bank of Canada now owns 38,916 shares of the conglomerate’s stock valued at $257,000 after acquiring an additional 2,692 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Lsb Industries in the 1st quarter worth about $697,000. Rhumbline Advisers boosted its stake 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 period. Arrowstreet Capital Limited Partnership bought a new position in Lsb Industries during the 2nd quarter valued at about $1,694,000. Finally, Kennedy Capital Management LLC grew its holdings in Lsb Industries by 8.5% during the 2nd quarter. Kennedy Capital Management LLC now owns 210,813 shares of the conglomerate’s stock valued at $1,644,000 after purchasing an additional 16,501 shares during the last quarter. 73.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lsb Industries news, Director Barry H. Golsen sold 118,953 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $9.19, for a total transaction of $1,093,178.07. Following the completion of the sale, the director owned 96,773 shares in the company, valued at $889,343.87. This represents a 55.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kristy Carver sold 19,550 shares of Lsb Industries stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $9.99, for a total value of $195,304.50. Following the completion of the transaction, the senior vice president owned 52,613 shares in the company, valued at $525,603.87. This represents a 27.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 387,113 shares of company stock valued at $3,731,647 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Lsb Industries Trading Down 0.1%

NYSE LXU opened at $14.90 on Monday. Lsb Industries Inc. has a one year low of $4.88 and a one year high of $17.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.61 and a current ratio of 2.78. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 43.83 and a beta of 0.48. The company’s 50-day simple moving average is $12.18 and its two-hundred day simple moving average is $10.02.

Lsb Industries (NYSE:LXU) last announced its quarterly earnings results on Wednesday, February 25th. The conglomerate reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. Lsb Industries had a net margin of 4.00% and a return on equity of 4.90%. The firm had revenue of $165.05 million during the quarter, compared to analysts’ expectations of $153.88 million. Equities analysts forecast that Lsb Industries Inc. will post -0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on LXU. Weiss Ratings raised shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Jefferies Financial Group upped their target price on Lsb Industries from $11.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, March 12th. Zacks Research downgraded Lsb Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Royal Bank Of Canada raised their price target on Lsb Industries from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, Wall Street Zen upgraded Lsb Industries from a “buy” rating to a “strong-buy” rating in a report on Monday. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.83.

Lsb Industries Company Profile

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.