Luxfer (NYSE:LXFR) Upgraded to “Strong-Buy” at Freedom Capital

Freedom Capital upgraded shares of Luxfer (NYSE:LXFR) to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other research firms also recently commented on LXFR. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research note on Monday, March 23rd. Zacks Research raised shares of Luxfer from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of Luxfer from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Luxfer Stock Up 0.3%

NYSE:LXFR opened at $15.96 on Thursday. The company has a market capitalization of $430.99 million, a price-to-earnings ratio of 72.54, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. Luxfer has a one year low of $10.96 and a one year high of $16.02. The stock has a 50-day simple moving average of $13.33 and a 200 day simple moving average of $13.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.75.

Luxfer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, April 17th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, April 17th. Luxfer’s payout ratio is 236.36%.

Institutional Investors Weigh In On Luxfer

A number of hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Luxfer by 63.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock valued at $34,000 after buying an additional 1,083 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Luxfer by 21.2% during the first quarter. Empowered Funds LLC now owns 137,186 shares of the industrial products company’s stock valued at $1,671,000 after buying an additional 24,003 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Luxfer during the first quarter valued at approximately $956,000. Arrowstreet Capital Limited Partnership raised its holdings in Luxfer by 17.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 488,252 shares of the industrial products company’s stock worth $5,947,000 after purchasing an additional 70,989 shares in the last quarter. Finally, First Wilshire Securities Management Inc. raised its holdings in Luxfer by 0.7% during the first quarter. First Wilshire Securities Management Inc. now owns 342,174 shares of the industrial products company’s stock worth $4,168,000 after purchasing an additional 2,454 shares in the last quarter. Institutional investors 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.