Luxfer (NYSE:LXFR) Cut to Sell at ValuEngine

ValuEngine lowered shares of Luxfer (NYSE:LXFR) from a hold rating to a sell rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research lowered Luxfer from a hold rating to a strong sell rating in a research note on Friday, June 7th.

LXFR traded down $0.11 during midday trading on Thursday, hitting $18.16. The stock had a trading volume of 258,049 shares, compared to its average volume of 214,323. The stock has a market capitalization of $484.23 million, a P/E ratio of 11.01 and a beta of 1.02. The company’s fifty day moving average is $22.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.96 and a current ratio of 2.35. Luxfer has a 1 year low of $16.39 and a 1 year high of $28.06.

Luxfer (NYSE:LXFR) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.08). The firm had revenue of $120.40 million during the quarter, compared to analysts’ expectations of $115.00 million. Luxfer had a return on equity of 25.05% and a net margin of 0.75%. On average, research analysts expect that Luxfer will post 1.72 EPS for the current year.

The business also recently disclosed a dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Friday, July 19th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, July 18th.

In other news, insider James Gardella sold 5,200 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $25.58, for a total transaction of $133,016.00. Following the completion of the sale, the insider now owns 45,068 shares of the company’s stock, valued at $1,152,839.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Andrew Butcher sold 4,963 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $25.08, for a total value of $124,472.04. Following the sale, the insider now directly owns 89,134 shares of the company’s stock, valued at approximately $2,235,480.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,863 shares of company stock valued at $323,643. Insiders own 1.46% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LXFR. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Luxfer during the first quarter valued at approximately $57,000. Strs Ohio bought a new position in shares of Luxfer during the second quarter valued at approximately $178,000. Investors Research Corp bought a new position in shares of Luxfer during the first quarter valued at approximately $182,000. Northern Trust Corp bought a new position in shares of Luxfer during the fourth quarter valued at approximately $200,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Luxfer by 327.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,173 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 6,259 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Luxfer Company Profile

Luxfer Holdings Plc is a technology company, which designs, manufactures, and supplies materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets. It operates through the Gas Cylinder and Elektron segments. The Gas Cylinders segment manufactures and markets high-pressure aluminum and composite cylinders, systems, and accessories under the Luxfer Gas Cylinders and Superform brands.

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