Luxfer (NYSE:LXFR) Rating Lowered to “Strong Sell” at Zacks Research

Luxfer (NYSE:LXFR) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Wall Street Zen cut Luxfer from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Luxfer Trading Down 1.6%

Shares of LXFR opened at $12.48 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. The stock has a market cap of $332.49 million, a PE ratio of 43.04, a PEG ratio of 1.81 and a beta of 1.01. Luxfer has a 1 year low of $9.41 and a 1 year high of $16.02. The stock has a 50 day simple moving average of $14.64 and a 200-day simple moving average of $13.67.

Institutional Investors Weigh In On Luxfer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LXFR. Royce & Associates LP lifted its position in shares of Luxfer by 1.5% during the fourth quarter. Royce & Associates LP now owns 1,802,435 shares of the industrial products company’s stock worth $24,387,000 after purchasing an additional 26,046 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in Luxfer by 2.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,700,550 shares of the industrial products company’s stock valued at $23,008,000 after buying an additional 38,108 shares during the last quarter. 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. Dimensional Fund Advisors LP lifted its stake in shares of Luxfer by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 918,676 shares of the industrial products company’s stock valued at $12,430,000 after acquiring an additional 26,894 shares during the period. Finally, Earnest Partners LLC boosted 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 acquiring an additional 167,023 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Luxfer Company Profile

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.