Luxfer (NYSE:LXFR) Cut to Strong Sell at Zacks Research

Luxfer (NYSE:LXFR) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

LXFR has been the topic of a number of other research reports. Weiss Ratings cut shares of Luxfer from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. Piper Sandler set a $16.40 price target on shares of Luxfer in a research note on Friday, October 30th. Finally, Freedom Broker downgraded shares of Luxfer from a “buy” rating to a “hold” rating and reduced their price target for the company from $20.50 to $16.40 in a research note on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Luxfer currently has an average rating of “Hold” and an average target price of $16.40.

Luxfer Price Performance

NYSE:LXFR opened at $17.32 on Tuesday. Luxfer has a 52 week low of $11.26 and a 52 week high of $19.45. The stock’s fifty day moving average is $17.25 and its two-hundred day moving average is $15.85. The company has a market capitalization of $463.62 million, a P/E ratio of 75.33, a P/E/G ratio of 2.56 and a beta of 1.13. The company has a quick ratio of 1.19, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LXFR. Dimensional Fund Advisors LP boosted its position in Luxfer by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 976,873 shares of the industrial products company’s stock valued at $11,898,000 after buying an additional 58,197 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of 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 acquiring an additional 70,989 shares during the period. First Wilshire Securities Management Inc. increased its position in shares of 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 acquiring an additional 2,454 shares during the period. Empowered Funds LLC increased its position 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 worth $1,671,000 after acquiring an additional 24,003 shares during the period. Finally, Penn Capital Management Company LLC acquired a new stake in shares of Luxfer in the third quarter valued at $1,682,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Luxfer News Summary

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.