Zacks Research Downgrades Luxfer (NYSE:LXFR) to Hold

Luxfer (NYSE:LXFR) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

LXFR has been the topic of several other research reports. Wall Street Zen lowered shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Freedom Capital upgraded Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Luxfer Stock Performance

Shares of LXFR stock opened at $18.02 on Monday. The company’s fifty day moving average price is $16.39 and its 200-day moving average price is $14.68. The stock has a market cap of $486.86 million, a PE ratio of 81.94, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. The company has a current ratio of 1.75, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Luxfer has a 12 month low of $11.19 and a 12 month high of $19.45.

Insider Buying and Selling

In related news, Director Patrick K. Mullen sold 5,323 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total value of $80,111.15. Following the transaction, the director directly owned 42,145 shares of the company’s stock, valued at approximately $634,282.25. This represents a 11.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard J. Hipple sold 4,010 shares of Luxfer stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total value of $60,350.50. Following the completion of the sale, the director directly owned 32,920 shares of the company’s stock, valued at approximately $495,446. The trade was a 10.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,368 shares of company stock worth $321,588 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Luxfer

A number of institutional investors have recently made changes to their positions in LXFR. State of Alaska Department of Revenue purchased a new position in shares of Luxfer during the fourth quarter valued at approximately $26,000. Raymond James Financial Inc. bought a new stake in Luxfer in the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its position in Luxfer by 63.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 1,083 shares during the period. LSV Asset Management purchased a new stake in Luxfer during the 4th quarter valued at $85,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in shares of Luxfer during the 4th quarter valued at $101,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

About Luxfer

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.