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

JB Capital Partners LP bought a new position in shares of Lsb Industries Inc. (NYSE:LXU) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 70,000 shares of the conglomerate’s stock, valued at approximately $756,700,000. JB Capital Partners LP owned about 0.10% of Lsb Industries at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in shares of Lsb Industries in the 4th quarter valued at approximately $29,000. Russell Investments Group Ltd. grew its holdings in Lsb Industries by 2,900.0% during the third quarter. Russell Investments Group Ltd. now owns 4,500 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 4,350 shares during the period. Aquatic Capital Management LLC acquired a new position in Lsb Industries during the third quarter valued at approximately $42,000. Persistent Asset Partners Ltd bought a new stake in Lsb Industries in the second quarter valued at approximately $47,000. Finally, Tower Research Capital LLC TRC increased its stake in Lsb Industries by 90.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,019 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 2,856 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors and hedge funds.

Lsb Industries Trading Up 4.2%

LXU opened at $11.14 on Friday. The stock has a market capitalization of $802.08 million, a P/E ratio of 22.28 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. Lsb Industries Inc. has a 12 month low of $7.71 and a 12 month high of $17.22. The firm’s fifty day simple moving average is $10.87 and its 200 day simple moving average is $12.34.

Lsb Industries (NYSE:LXU) last released its earnings results on Wednesday, July 29th. The conglomerate reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.42). Lsb Industries had a return on equity of 6.98% and a net margin of 5.58%.The firm had revenue of $168.09 million for the quarter, compared to the consensus estimate of $155.45 million. As a group, research analysts anticipate that Lsb Industries Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity

In related news, SVP Kristy Carver sold 9,554 shares of the stock in a transaction dated Monday, June 8th. The stock was 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 in the company, valued at approximately $587,455.76. This trade represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lynn F. White sold 40,000 shares of Lsb Industries stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $11.80, for a total value of $472,000.00. Following the completion of the sale, the director directly owned 202,489 shares in the company, valued at approximately $2,389,370.20. This represents a 16.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.