Luxfer (LXFR) Rating Lowered to Sell at Zacks Investment Research

Luxfer (NYSE:LXFR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “

Separately, ValuEngine cut Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 18th.

NYSE LXFR opened at $23.21 on Wednesday. Luxfer has a 12 month low of $12.33 and a 12 month high of $28.06. The firm has a market capitalization of $546.25 million, a PE ratio of 13.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.44.

Luxfer (NYSE:LXFR) last released its earnings results on Monday, March 11th. The industrial products company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.09. Luxfer had a return on equity of 25.35% and a net margin of 4.73%. The firm had revenue of $110.90 million for the quarter, compared to analysts’ expectations of $118.00 million. As a group, equities analysts anticipate that Luxfer will post 1.83 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in shares of Luxfer by 641.6% during the third quarter. Bank of Montreal Can now owns 35,604 shares of the industrial products company’s stock valued at $828,000 after buying an additional 30,803 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Luxfer by 108.3% during the third quarter. Russell Investments Group Ltd. now owns 321,664 shares of the industrial products company’s stock valued at $7,473,000 after buying an additional 167,241 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Luxfer by 1.1% during the third quarter. Wells Fargo & Company MN now owns 183,855 shares of the industrial products company’s stock valued at $4,275,000 after buying an additional 1,961 shares during the last quarter. EAM Investors LLC purchased a new stake in shares of Luxfer during the third quarter valued at $1,073,000. Finally, EAM Global Investors LLC purchased a new stake in shares of Luxfer during the third quarter valued at $3,397,000. 96.59% of the stock is currently owned by hedge funds and other institutional investors.

Luxfer Company Profile

Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for transportation, defense and emergency response, healthcare, and general industrial applications in Europe, North America, the Asia Pacific, and internationally.

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