Luxfer (NYSE:LXFR) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Luxfer (NYSE:LXFR) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Separately, Wall Street Zen cut shares of Luxfer from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Luxfer Stock Down 2.4%

Shares of Luxfer stock traded down $0.30 during trading on Wednesday, hitting $12.14. 20,783 shares of the stock traded hands, compared to its average volume of 133,981. The stock has a market cap of $323.41 million, a P/E ratio of 41.86, a PEG ratio of 1.81 and a beta of 1.01. The company has a fifty day moving average price of $14.64 and a two-hundred day moving average price of $13.67. Luxfer has a twelve month low of $9.41 and a twelve month high of $16.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 1.67.

Luxfer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Investors of record on Friday, January 23rd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, January 23rd. Luxfer’s dividend payout ratio is currently 179.31%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LXFR. Inspire Investing LLC bought a new position in shares of Luxfer in the third quarter worth about $1,003,000. Artisan Partners Limited Partnership grew its holdings in Luxfer by 11.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,403,485 shares of the industrial products company’s stock valued at $17,094,000 after buying an additional 149,807 shares during the last quarter. American Century Companies Inc. increased its position in Luxfer by 11.4% in the 2nd quarter. American Century Companies Inc. now owns 1,409,329 shares of the industrial products company’s stock worth $17,166,000 after buying an additional 144,156 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of Luxfer by 33.1% during the second quarter. Hillsdale Investment Management Inc. now owns 455,985 shares of the industrial products company’s stock worth $5,554,000 after buying an additional 113,385 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Luxfer by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 463,869 shares of the industrial products company’s stock worth $5,650,000 after buying an additional 24,185 shares during the last quarter. Institutional investors and hedge funds 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.