Luxfer (NYSE:LXFR) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Luxfer (NYSE:LXFRFree Report) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on LXFR. Wall Street Zen raised Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Finally, Freedom Capital raised Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Check Out Our Latest Stock Report on Luxfer

Luxfer Price Performance

Shares of NYSE LXFR opened at $17.11 on Wednesday. The business’s 50 day moving average price is $13.81 and its two-hundred day moving average price is $13.77. The company has a market cap of $462.01 million, a PE ratio of 77.75, a price-to-earnings-growth ratio of 2.17 and a beta of 1.10. The company has a quick ratio of 0.81, a current ratio of 1.75 and a debt-to-equity ratio of 0.15. Luxfer has a twelve month low of $11.15 and a twelve month high of $17.18.

Luxfer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, April 17th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, April 17th. Luxfer’s payout ratio is 236.36%.

Institutional Investors Weigh In On Luxfer

Institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of Luxfer during the fourth quarter worth approximately $26,000. Raymond James Financial Inc. bought a new stake in shares of Luxfer during the second quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Luxfer by 63.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 1,083 shares during the period. LSV Asset Management bought a new stake in shares of Luxfer during the fourth quarter worth approximately $85,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Luxfer during the fourth quarter worth approximately $101,000. Institutional investors own 90.82% of the company’s stock.

Luxfer Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Luxfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxfer and related companies with MarketBeat.com's FREE daily email newsletter.