Luxfer (NYSE:LXFR – Get Free Report) was downgraded by investment analysts at Freedom Broker from a “strong-buy” rating to a “hold” rating in a research report issued on Friday, Zacks reports.
Other equities analysts also recently issued reports about the company. Piper Sandler set a $16.40 price target on Luxfer in a research note on Friday. Weiss Ratings lowered Luxfer from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.40.
Check Out Our Latest Analysis on LXFR
Luxfer Price Performance
Shares of NYSE LXFR opened at $17.24 on Friday. Luxfer has a fifty-two week low of $11.26 and a fifty-two week high of $19.45. The business has a 50 day moving average price of $17.24 and a two-hundred day moving average price of $15.82. The company has a quick ratio of 1.05, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The firm has a market cap of $461.34 million, a PE ratio of 17.62, a price-to-earnings-growth ratio of 2.24 and a beta of 1.12.
Luxfer (NYSE:LXFR – Get Free Report) last released its earnings results on Wednesday, October 28th. The industrial products company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $89.30 million during the quarter, compared to the consensus estimate of $93.70 million. Luxfer had a return on equity of 11.86% and a net margin of 1.71%. Sell-side analysts expect that Luxfer will post 1.10 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of Luxfer by 63.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 1,083 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Luxfer during the second quarter worth approximately $34,000. State of Alaska Department of Revenue boosted its holdings in shares of Luxfer by 61.7% during the third quarter. State of Alaska Department of Revenue now owns 3,120 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 1,191 shares during the period. Fortitude Family Office LLC purchased a new position in Luxfer during the third quarter valued at approximately $83,000. Finally, Ritholtz Wealth Management purchased a new position in Luxfer during the first quarter valued at approximately $146,000. 90.82% of the stock is owned by institutional investors and hedge funds.
Luxfer Company Profile
Luxfer Holdings PLC (NYSE: LXFR) is a global manufacturer of engineered materials and high-pressure gas cylinders. The company serves industrial, healthcare, transportation, aerospace, defense, emergency response and other specialized markets with products designed for demanding applications.
Through its Luxfer Gas Cylinders business, the company produces aluminum, composite and other specialized cylinders used to store and transport medical oxygen, breathing air, industrial gases, alternative fuels such as compressed natural gas and hydrogen, and fire-suppression agents.
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