StockNews.com Upgrades Luxfer (NYSE:LXFR) to “Strong-Buy”

Luxfer (NYSE:LXFR) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Thursday.

Luxfer Trading Down 0.4 %

Shares of NYSE LXFR opened at $14.30 on Thursday. The firm’s 50 day moving average price is $12.22 and its 200-day moving average price is $11.70. Luxfer has a 52-week low of $7.55 and a 52-week high of $15.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 2.17. The company has a market cap of $382.95 million, a PE ratio of 43.36, a P/E/G ratio of 2.78 and a beta of 0.91.

Luxfer (NYSE:LXFR) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $99.70 million during the quarter, compared to the consensus estimate of $99.70 million. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. On average, equities research analysts expect that Luxfer will post 0.75 EPS for the current fiscal year.

Insider Transactions at Luxfer

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $10.83, for a total value of $70,395.00. Following the completion of the sale, the insider now owns 29,008 shares in the company, valued at $314,156.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.17% of the company’s stock.

Hedge Funds Weigh In On Luxfer

A number of hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Luxfer by 378.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,162 shares of the industrial products company’s stock worth $603,000 after buying an additional 46,012 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Luxfer by 161.2% in the 1st quarter. GSA Capital Partners LLP now owns 91,718 shares of the industrial products company’s stock worth $951,000 after purchasing an additional 56,605 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Luxfer by 254.8% during the 1st quarter. Russell Investments Group Ltd. now owns 18,721 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 13,445 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Luxfer during the first quarter valued at about $432,000. Finally, First Eagle Investment Management LLC increased its holdings in shares of Luxfer by 6.3% in the first quarter. First Eagle Investment Management LLC now owns 245,039 shares of the industrial products company’s stock worth $2,541,000 after purchasing an additional 14,500 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

About Luxfer

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.