JPMorgan Chase & Co. Purchases 21,801 Shares of LSB Industries, Inc. (NYSE:LXU)

JPMorgan Chase & Co. increased its position in LSB Industries, Inc. (NYSE:LXU) by 18.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,084 shares of the conglomerate’s stock after buying an additional 21,801 shares during the quarter. JPMorgan Chase & Co. owned 0.19% of LSB Industries worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of LSB Industries by 691.2% during the third quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock worth $7,272,000 after acquiring an additional 790,194 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of LSB Industries by 132.2% during the 3rd quarter. Cerity Partners LLC now owns 1,368,201 shares of the conglomerate’s stock valued at $11,000,000 after purchasing an additional 778,937 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of LSB Industries by 11.0% during the 3rd quarter. Systematic Financial Management LP now owns 1,660,443 shares of the conglomerate’s stock valued at $13,350,000 after purchasing an additional 164,166 shares during the last quarter. Pekin Hardy Strauss Inc. raised its position in LSB Industries by 112.6% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 128,370 shares of the conglomerate’s stock worth $1,032,000 after purchasing an additional 68,000 shares during the period. Finally, Barclays PLC lifted its stake in LSB Industries by 224.9% in the third quarter. Barclays PLC now owns 89,273 shares of the conglomerate’s stock worth $718,000 after purchasing an additional 61,793 shares during the last quarter. Institutional investors own 73.67% of the company’s stock.

LSB Industries Stock Down 5.0 %

NYSE LXU opened at $8.70 on Friday. The business’s 50-day moving average is $8.42 and its 200 day moving average is $8.29. The stock has a market capitalization of $622.74 million, a PE ratio of -41.40, a PEG ratio of 0.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. LSB Industries, Inc. has a 1 year low of $6.74 and a 1 year high of $10.40.

LSB Industries (NYSE:LXU) last posted its earnings results on Tuesday, October 29th. The conglomerate reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). LSB Industries had a negative net margin of 2.99% and a positive return on equity of 0.98%. The business had revenue of $109.22 million for the quarter, compared to analysts’ expectations of $87.19 million. During the same period last year, the firm posted ($0.08) earnings per share. Sell-side analysts forecast that LSB Industries, Inc. will post 0.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price objective on shares of LSB Industries in a research note on Monday, November 4th. Piper Sandler upgraded LSB Industries from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $9.00 to $11.00 in a research report on Monday, January 13th. Finally, UBS Group upgraded LSB Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.50 to $11.00 in a research report on Thursday, October 10th.

LSB Industries Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.