Luxfer (NYSE:LXFR) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Luxfer (NYSE:LXFR) from a hold rating to a strong sell rating in a report issued on Tuesday,Zacks reports.

Several other equities analysts have also recently commented on the stock. Weiss Ratings cut shares of Luxfer from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, October 29th. Freedom Broker lowered Luxfer from a “buy” rating to a “hold” rating and cut their price objective for the stock from $20.50 to $16.40 in a report on Friday, October 30th. Finally, Piper Sandler set a $16.40 price objective on Luxfer in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.40.

Luxfer Stock Performance

Shares of LXFR opened at $17.32 on Tuesday. The company’s 50 day moving average price is $17.25 and its 200 day moving average price is $15.85. Luxfer has a 52 week low of $11.26 and a 52 week high of $19.45. The company has a market capitalization of $463.62 million, a PE ratio of 75.33, a PEG ratio of 2.56 and a beta of 1.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.19 and a current ratio of 2.47.

Luxfer (NYSE:LXFR) last released its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $89.30 million during the quarter, compared to analyst estimates of $93.70 million. Luxfer had a net margin of 1.71% and a return on equity of 11.86%. Research analysts expect that Luxfer will post 0.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Luxfer

Large investors have recently made changes to their positions in the company. Penn Capital Management Company LLC bought a new position in Luxfer during the third quarter valued at approximately $1,682,000. Axxcess Wealth Management LLC acquired a new stake in Luxfer in the third quarter valued at approximately $233,000. State of Alaska Department of Revenue lifted its stake in Luxfer by 61.7% in the third quarter. State of Alaska Department of Revenue now owns 3,120 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 1,191 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in Luxfer in the third quarter valued at approximately $83,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Luxfer in the second quarter worth approximately $34,000. Institutional investors own 90.82% of the company’s stock.

Trending Headlines about Luxfer

Here are the key news stories impacting Luxfer this week:

• Neutral Sentiment: Shareholders approved the Wynnchurch transaction, a milestone for the acquisition; the $17.37-per-share offer is likely to remain the main reference point for LXFR shares while the deal proceeds.
• Negative Sentiment: Sidoti cut its EPS forecasts, lowering its FY2026 estimate to $0.96 from $1.10 and its FY2027 estimate to $1.20 from $1.32. The analyst also reduced several quarterly projections, signaling a weaker earnings outlook that could weigh on investor sentiment. Luxfer Shareholders Approve Wynnchurch Capital Transaction

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.