Luxfer (NYSE:LXFR) Stock Rating Lowered by Wall Street Zen

Luxfer (NYSE:LXFR) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Zacks Research cut Luxfer from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Luxfer has a consensus rating of “Reduce”.

Luxfer Stock Performance

Shares of LXFR stock opened at $12.92 on Friday. The company has a market capitalization of $344.06 million, a P/E ratio of 44.53, a P/E/G ratio of 1.85 and a beta of 0.98. The business’s 50 day moving average is $13.14 and its two-hundred day moving average is $13.40. The company has a current ratio of 1.67, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. Luxfer has a 12-month low of $9.46 and a 12-month high of $16.02.

Institutional Investors Weigh In On Luxfer

A number of institutional investors have recently modified their holdings of the company. Royce & Associates LP grew its stake in shares of Luxfer by 1.5% in the fourth quarter. Royce & Associates LP now owns 1,802,435 shares of the industrial products company’s stock valued at $24,387,000 after buying an additional 26,046 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Luxfer by 2.3% in the fourth 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 in the last quarter. American Century Companies Inc. grew its stake in shares of Luxfer by 12.8% in the third quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock valued at $22,094,000 after buying an additional 180,199 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Luxfer by 3.0% in 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 buying an additional 26,894 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in shares of 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 in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

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.