Luxfer (NYSE:LXFR) Downgraded by Zacks Research to Hold

Luxfer (NYSE:LXFR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on LXFR. Freedom Capital upgraded shares of Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a research report on Thursday, June 18th. Finally, Wall Street Zen cut shares of Luxfer from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Luxfer currently has an average rating of “Moderate Buy”.

Luxfer Price Performance

Shares of LXFR opened at $18.02 on Monday. The company has a market capitalization of $486.86 million, a price-to-earnings ratio of 81.94, a P/E/G ratio of 2.36 and a beta of 1.13. Luxfer has a fifty-two week low of $11.19 and a fifty-two week high of $19.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.75 and a quick ratio of 0.81. The business’s 50-day moving average is $16.39 and its 200-day moving average is $14.68.

Insider Transactions at Luxfer

In related news, Director Patrick K. Mullen sold 5,323 shares of Luxfer stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $15.05, for a total value of $80,111.15. Following the completion of the transaction, the director directly owned 42,145 shares of the company’s stock, valued at $634,282.25. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard J. Hipple sold 4,010 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $15.05, for a total transaction of $60,350.50. Following the completion of the transaction, the director directly owned 32,920 shares of the company’s stock, valued at approximately $495,446. This represents a 10.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 21,368 shares of company stock valued at $321,588. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Luxfer by 12.8% during the third quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock worth $22,094,000 after acquiring an additional 180,199 shares during the last quarter. Earnest Partners LLC lifted its holdings in Luxfer by 24.9% in the fourth quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company’s stock valued at $11,330,000 after buying an additional 167,023 shares during the period. Bridgeway Capital Management LLC grew its holdings in Luxfer by 332.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company’s stock worth $2,466,000 after acquiring an additional 136,402 shares during the period. Nuveen LLC increased its holdings in Luxfer by 80.6% in the fourth quarter. Nuveen LLC now owns 300,565 shares of the industrial products company’s stock valued at $4,067,000 after purchasing an additional 134,120 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Luxfer in the 3rd quarter valued at about $1,241,000. 90.82% of the stock is currently owned by institutional investors.

About Luxfer

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.