Luxfer (NYSE:LXFR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Luxfer (NYSE:LXFR) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other research firms have also issued reports on LXFR. Zacks Research lowered Luxfer from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Luxfer Stock Performance

LXFR stock opened at $12.21 on Friday. Luxfer has a twelve month low of $9.41 and a twelve month high of $16.02. The company has a quick ratio of 0.73, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The company has a market cap of $325.14 million, a P/E ratio of 42.09, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The business’s fifty day moving average is $13.57 and its 200-day moving average is $13.47.

Luxfer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Friday, January 23rd were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, January 23rd. Luxfer’s dividend payout ratio (DPR) is currently 179.31%.

Institutional Trading of Luxfer

Several hedge funds have recently added to or reduced their stakes in LXFR. AQR Capital Management LLC raised its stake in Luxfer by 1.9% during the 1st quarter. AQR Capital Management LLC now owns 257,371 shares of the industrial products company’s stock worth $3,052,000 after buying an additional 4,772 shares during the period. Jane Street Group LLC raised its stake in Luxfer by 115.0% during the 1st quarter. Jane Street Group LLC now owns 46,689 shares of the industrial products company’s stock worth $554,000 after buying an additional 24,969 shares during the period. Franklin Resources Inc. raised its stake in Luxfer by 20.5% during the 2nd quarter. Franklin Resources Inc. now owns 19,199 shares of the industrial products company’s stock worth $234,000 after buying an additional 3,268 shares during the period. Marshall Wace LLP raised its stake in Luxfer by 0.9% during the 2nd quarter. Marshall Wace LLP now owns 172,736 shares of the industrial products company’s stock worth $2,104,000 after buying an additional 1,570 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in Luxfer by 58.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 133,343 shares of the industrial products company’s stock worth $1,624,000 after buying an additional 49,419 shares during the period. 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.