ValuEngine upgraded shares of Luxfer (NYSE:LXFR) from a hold rating to a buy rating in a research note issued to investors on Friday.

Other research analysts also recently issued research reports about the company. BidaskClub raised Luxfer from a hold rating to a buy rating in a report on Friday, October 27th. Zacks Investment Research upgraded Luxfer from a hold rating to a buy rating and set a $15.00 price target on the stock in a research report on Saturday, November 11th.

Luxfer (LXFR) opened at $14.06 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.22 and a debt-to-equity ratio of 0.61. Luxfer has a 1-year low of $10.85 and a 1-year high of $16.21. The company has a market capitalization of $371.39, a P/E ratio of 15.45 and a beta of 0.77.

Luxfer (NYSE:LXFR) last released its earnings results on Monday, November 6th. The industrial products company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Luxfer had a return on equity of 15.13% and a net margin of 4.04%. The company had revenue of $115.20 million for the quarter. sell-side analysts expect that Luxfer will post 1.05 earnings per share for the current year.

The business also recently declared a None dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Friday, January 19th will be given a dividend of $0.125 per share. This represents a dividend yield of 3.33%. This is a boost from Luxfer’s previous None dividend of $0.12. The ex-dividend date of this dividend is Thursday, January 18th. Luxfer’s dividend payout ratio is presently 78.13%.

Institutional investors have recently made changes to their positions in the company. OxFORD Asset Management LLP acquired a new stake in shares of Luxfer during the 3rd quarter worth approximately $450,000. Robecosam AG raised its position in shares of Luxfer by 12.0% during the 3rd quarter. Robecosam AG now owns 450,000 shares of the industrial products company’s stock worth $5,594,000 after purchasing an additional 48,300 shares during the period. Paradice Investment Management LLC raised its position in shares of Luxfer by 14.6% during the 3rd quarter. Paradice Investment Management LLC now owns 2,002,400 shares of the industrial products company’s stock worth $24,930,000 after purchasing an additional 255,737 shares during the period. Deprince Race & Zollo Inc. raised its position in shares of Luxfer by 2.8% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,511,468 shares of the industrial products company’s stock worth $18,818,000 after purchasing an additional 40,737 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Luxfer by 28.8% during the 3rd quarter. Wells Fargo & Company MN now owns 247,279 shares of the industrial products company’s stock worth $3,079,000 after purchasing an additional 55,240 shares during the period. Institutional investors and hedge funds own 85.57% of the company’s stock.

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Luxfer Company Profile

Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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