Luxfer (NYSE:LXFR) Cut to Hold at Wall Street Zen
by Amy Steele · The Cerbat GemWall Street Zen lowered shares of Luxfer (NYSE:LXFR – Free Report) from a buy rating to a hold rating in a report published on Saturday morning.
Other research analysts also recently issued reports about the company. Zacks Research downgraded Luxfer from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed 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 given a Sell rating to the stock. Based on data from MarketBeat, Luxfer currently has a consensus rating of “Reduce”.
Read Our Latest Report on LXFR
Luxfer Stock Performance
Shares of NYSE LXFR opened at $12.82 on Friday. 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 business’s 50 day moving average is $13.09 and its two-hundred day moving average is $13.40. The company has a market cap of $341.55 million, a P/E ratio of 44.21, a P/E/G ratio of 1.85 and a beta of 0.98. Luxfer has a 12 month low of $9.46 and a 12 month high of $16.02.
Luxfer Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Friday, April 17th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, April 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.1%. Luxfer’s payout ratio is currently 179.31%.
Institutional Trading of Luxfer
A number of institutional investors and hedge funds have recently modified their holdings of LXFR. State of Alaska Department of Revenue bought a new stake in shares of Luxfer during the fourth quarter valued at approximately $26,000. Raymond James Financial Inc. bought a new stake in shares of Luxfer during the second quarter valued at approximately $29,000. LSV Asset Management bought a new stake in shares of Luxfer during the fourth quarter valued at approximately $85,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Luxfer during the fourth quarter valued at approximately $101,000. Finally, Diversified Trust Co. bought a new stake in shares of Luxfer during the fourth quarter valued at approximately $139,000. 90.82% of the stock is currently owned by institutional investors.
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.