Luxfer (NYSE:LXFR) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Luxfer (NYSE:LXFR) from a hold rating to a strong sell rating in a research note released on Wednesday morning,Zacks.com reports.

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

Luxfer Trading Down 3.8%

LXFR stock opened at $11.96 on Wednesday. Luxfer has a 12-month low of $9.41 and a 12-month high of $16.02. The business’s 50-day moving average is $14.60 and its 200 day moving average is $13.67. The company has a current ratio of 1.67, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. The stock has a market cap of $318.69 million, a price-to-earnings ratio of 41.25, a PEG ratio of 1.78 and a beta of 1.01.

Luxfer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders 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 was Friday, January 23rd. Luxfer’s payout ratio is currently 179.31%.

Hedge Funds Weigh In On Luxfer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its holdings in Luxfer by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,540 shares of the industrial products company’s stock valued at $1,063,000 after buying an additional 635 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its stake in Luxfer by 2.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 42,034 shares of the industrial products company’s stock worth $569,000 after purchasing an additional 902 shares during the period. Intech Investment Management LLC boosted its holdings in Luxfer by 8.7% in the 3rd quarter. Intech Investment Management LLC now owns 14,713 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 1,178 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Luxfer by 7.1% in the 3rd quarter. Alliancebernstein L.P. now owns 21,200 shares of the industrial products company’s stock valued at $295,000 after buying an additional 1,400 shares during the period. Finally, Savant Capital LLC increased its holdings in shares of Luxfer by 8.4% during the 2nd quarter. Savant Capital LLC now owns 18,127 shares of the industrial products company’s stock worth $221,000 after buying an additional 1,406 shares during the last quarter. 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.