Luxfer (NYSE:LXFR) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Luxfer (NYSE:LXFR) from a sell rating to a hold rating in a research note released on Tuesday morning, Zacks.com reports.

According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “

Separately, ValuEngine downgraded shares of Luxfer from a hold rating to a sell rating in a research report on Thursday, August 1st.

LXFR opened at $17.08 on Tuesday. Luxfer has a twelve month low of $16.39 and a twelve month high of $28.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.15 and a current ratio of 2.35. The stock’s 50-day moving average is $22.40. The firm has a market cap of $481.31 million, a P/E ratio of 10.11 and a beta of 1.01.

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

In other Luxfer news, insider Andrew Butcher sold 4,963 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $25.08, for a total value of $124,472.04. Following the completion of the sale, the insider now owns 89,134 shares in the company, valued at approximately $2,235,480.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter Gibbons sold 1,450 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $25.40, for a total transaction of $36,830.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,613 shares of company stock valued at $294,318. Insiders own 1.46% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Luxfer in the 4th quarter worth about $357,000. Northern Trust Corp purchased a new position in shares of Luxfer in the 4th quarter worth about $200,000. Geode Capital Management LLC purchased a new position in shares of Luxfer in the 4th quarter worth about $981,000. Bank of America Corp DE boosted its holdings in shares of Luxfer by 2,288.2% in the 4th quarter. Bank of America Corp DE now owns 15,786 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 15,125 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Luxfer in the 4th quarter worth about $300,000. Institutional investors own 98.07% of the company’s stock.

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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