Luxfer (NYSE:LXFR) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Luxfer (NYSE:LXFR) from a sell rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

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 lowered shares of Luxfer from a hold rating to a sell rating in a research note on Thursday, August 1st.

Shares of LXFR stock opened at $15.87 on Tuesday. The company has a market cap of $442.88 million, a price-to-earnings ratio of 10.07 and a beta of 1.01. The company’s fifty day simple moving average is $21.98. The company has a quick ratio of 1.15, a current ratio of 2.35 and a debt-to-equity ratio of 0.57. Luxfer has a 12 month low of $15.52 and a 12 month high of $28.06.

The firm also recently declared a dividend, which was paid on Wednesday, August 7th. Shareholders of record on Friday, July 19th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, July 18th.

In other Luxfer news, insider Andrew Butcher sold 4,963 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $25.08, for a total transaction of $124,472.04. Following the completion of the sale, the insider now owns 89,134 shares in the company, valued at approximately $2,235,480.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Gardella sold 5,200 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $25.58, for a total transaction of $133,016.00. Following the sale, the insider now owns 45,068 shares of the company’s stock, valued at approximately $1,152,839.44. The disclosure for this sale can be found here. Insiders have sold a total of 11,613 shares of company stock valued at $294,318 in the last 90 days. 1.46% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hennessy Advisors Inc. bought a new stake in shares of Luxfer in the 2nd quarter worth $2,740,000. Royce & Associates LP grew its stake in shares of Luxfer by 12.2% in the 1st quarter. Royce & Associates LP now owns 234,312 shares of the industrial products company’s stock worth $5,853,000 after acquiring an additional 25,500 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Luxfer in the 4th quarter worth $300,000. Raymond James & Associates bought a new stake in shares of Luxfer in the 1st quarter worth $2,174,000. Finally, Bank of America Corp DE grew its stake in shares of Luxfer by 2,288.2% in the 4th quarter. Bank of America Corp DE now owns 15,786 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 15,125 shares in the last quarter. Hedge funds and other institutional investors own 98.07% of the company’s stock.

About Luxfer

Luxfer Holdings Plc is a technology company, which designs, manufactures, and supplies materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets. It operates through the Gas Cylinder and Elektron segments. The Gas Cylinders segment manufactures and markets high-pressure aluminum and composite cylinders, systems, and accessories under the Luxfer Gas Cylinders and Superform brands.

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