JPMorgan Chase & Co. Raises Stock Holdings in Lsb Industries Inc. $LXU

JPMorgan Chase & Co. lifted its stake in Lsb Industries Inc. (NYSE:LXU) by 104.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 365,601 shares of the conglomerate’s stock after buying an additional 187,108 shares during the quarter. JPMorgan Chase & Co. owned about 0.51% of Lsb Industries worth $2,881,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in Lsb Industries by 5.8% in the 3rd quarter. American Century Companies Inc. now owns 1,990,812 shares of the conglomerate’s stock worth $15,688,000 after acquiring an additional 109,944 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Lsb Industries by 6.0% during the third quarter. Bridgeway Capital Management LLC now owns 495,270 shares of the conglomerate’s stock valued at $3,903,000 after purchasing an additional 28,157 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in Lsb Industries by 31.0% during the third quarter. Kennedy Capital Management LLC now owns 276,145 shares of the conglomerate’s stock valued at $2,176,000 after purchasing an additional 65,332 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Lsb Industries in the second quarter worth approximately $1,694,000. Finally, Krilogy Financial LLC boosted its position in shares of Lsb Industries by 3.4% in the third quarter. Krilogy Financial LLC now owns 207,543 shares of the conglomerate’s stock worth $1,741,000 after purchasing an additional 6,750 shares during the period. 73.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LXU has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Lsb Industries from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Royal Bank Of Canada upped their target price on shares of Lsb Industries from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. UBS Group increased their price target on Lsb Industries from $9.75 to $16.50 and gave the stock a “neutral” rating in a research note on Thursday, March 26th. Wall Street Zen upgraded Lsb Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Zacks Research lowered Lsb Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. 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, Lsb Industries currently has an average rating of “Hold” and an average price target of $14.83.

Lsb Industries Stock Performance

NYSE:LXU opened at $14.90 on Monday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 43.83 and a beta of 0.48. Lsb Industries Inc. has a 1 year low of $4.88 and a 1 year high of $17.22. The stock’s 50 day simple moving average is $12.18 and its two-hundred day simple moving average is $10.02. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.78 and a quick ratio of 2.61.

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

Insider Activity at Lsb Industries

In other Lsb Industries news, SVP Kristy Carver sold 19,550 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $9.99, for a total transaction 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 trade represents a 27.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Cheryl Maguire sold 7,551 shares of Lsb Industries stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $10.00, for a total transaction of $75,510.00. Following the completion of the transaction, the chief financial officer directly owned 200,719 shares of the company’s stock, valued at $2,007,190. The trade was a 3.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 387,113 shares of company stock valued at $3,731,647 over the last 90 days. 4.30% of the stock is owned by corporate insiders.

Lsb Industries 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.