Luxfer (NYSE:LXFR) Stock Moved Down to “Hold” by Freedom Broker

Freedom Broker downgraded shares of Luxfer (NYSE:LXFR) from a strong-buy rating to a hold rating in a research note issued to investors on Friday,Zacks reports.

Several other equities research analysts have also recently weighed in on the stock. Piper Sandler set a $16.40 target price on shares of Luxfer in a research note on Friday. Weiss Ratings lowered Luxfer from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Luxfer has a consensus rating of “Moderate Buy” and an average price target of $16.40.

Luxfer Price Performance

NYSE:LXFR opened at $17.24 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 1.05. Luxfer has a one year low of $11.26 and a one year high of $19.45. The company has a fifty day moving average price of $17.24 and a 200 day moving average price of $15.82. The stock has a market cap of $461.34 million, a P/E ratio of 74.96, a PEG ratio of 2.24 and a beta of 1.12.

Luxfer (NYSE:LXFR) last posted its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Luxfer had a return on equity of 11.86% and a net margin of 1.71%. The company had revenue of $89.30 million during the quarter, compared to analyst estimates of $93.70 million. Analysts anticipate that Luxfer will post 1.10 earnings per share for the current year.

Institutional Investors Weigh In On Luxfer

A number of institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in shares of Luxfer by 63.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 1,083 shares in the last quarter. State of Alaska Department of Revenue increased its position in Luxfer by 61.7% during the third quarter. State of Alaska Department of Revenue now owns 3,120 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 1,191 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Luxfer in the 2nd quarter worth about $34,000. First Wilshire Securities Management Inc. raised its stake in Luxfer by 0.7% in the 1st 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. Finally, Fortitude Family Office LLC acquired a new stake in Luxfer in the 3rd quarter worth about $83,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Luxfer Company Profile

Luxfer Holdings PLC (NYSE: LXFR) is a global manufacturer of engineered materials and high-pressure gas cylinders. The company serves industrial, healthcare, transportation, aerospace, defense, emergency response and other specialized markets with products designed for demanding applications.

Through its Luxfer Gas Cylinders business, the company produces aluminum, composite and other specialized cylinders used to store and transport medical oxygen, breathing air, industrial gases, alternative fuels such as compressed natural gas and hydrogen, and fire-suppression agents.