Luxfer (NYSE:LXFR) Rating Lowered to “Hold” at Zacks Research

Luxfer (NYSE:LXFR) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently commented on LXFR. Freedom Capital upgraded shares of Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research report on Thursday, June 18th. Finally, Wall Street Zen cut shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Luxfer Stock Down 1.0%

LXFR opened at $18.02 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.75 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $16.39 and a two-hundred day moving average price of $14.68. Luxfer has a 52 week low of $11.19 and a 52 week high of $19.45. The company has a market cap of $486.86 million, a PE ratio of 81.94, a P/E/G ratio of 2.36 and a beta of 1.13.

Insiders Place Their Bets

In other news, Director Sylvia Ann Stein sold 4,010 shares of Luxfer stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $15.05, for a total value of $60,350.50. Following the transaction, the director directly owned 14,844 shares of the company’s stock, valued at $223,402.20. The trade was a 21.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lisa G. Trimberger sold 4,010 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total transaction of $60,350.50. Following the sale, the director directly owned 20,801 shares of the company’s stock, valued at approximately $313,055.05. This trade represents a 16.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 21,368 shares of company stock valued at $321,588. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Luxfer

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Luxfer by 12.8% in the 3rd quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock valued at $22,094,000 after acquiring an additional 180,199 shares during the last quarter. Earnest Partners LLC grew its position in shares of Luxfer by 24.9% during the 4th quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company’s stock valued at $11,330,000 after buying an additional 167,023 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in Luxfer by 332.8% in the third quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company’s stock worth $2,466,000 after acquiring an additional 136,402 shares during the last quarter. Nuveen LLC boosted its stake in Luxfer by 80.6% in the fourth quarter. Nuveen LLC now owns 300,565 shares of the industrial products company’s stock valued at $4,067,000 after acquiring an additional 134,120 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in Luxfer in the 3rd quarter worth approximately $1,241,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Luxfer Company Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.