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

Luxfer (NYSE:LXFR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research analysts have also issued reports on LXFR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a report on Monday, March 23rd. Zacks Research downgraded shares of 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Luxfer Price Performance

Shares of NYSE:LXFR opened at $12.13 on Friday. The stock has a market cap of $323.09 million, a price-to-earnings ratio of 41.82, a PEG ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 0.73. Luxfer has a 12 month low of $9.41 and a 12 month high of $16.02. The stock’s 50 day moving average price is $13.62 and its 200 day moving average price is $13.49.

Institutional Investors Weigh In On Luxfer

Several hedge funds have recently modified their holdings of LXFR. Royce & Associates LP increased its stake in Luxfer by 1.5% in the 4th quarter. Royce & Associates LP now owns 1,802,435 shares of the industrial products company’s stock worth $24,387,000 after purchasing an additional 26,046 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Luxfer by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,700,550 shares of the industrial products company’s stock worth $23,008,000 after buying an additional 38,108 shares during the period. American Century Companies Inc. lifted its stake in Luxfer by 12.8% during 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 boosted its holdings 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 worth $12,430,000 after buying an additional 26,894 shares during the period. Finally, Earnest Partners LLC boosted its holdings 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 worth $11,330,000 after buying an additional 167,023 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

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.