Luxfer (NYSE:LXFR) Downgraded to Buy Rating by StockNews.com

StockNews.com lowered shares of Luxfer (NYSE:LXFR) from a strong-buy rating to a buy rating in a research report released on Wednesday.

Luxfer Price Performance

Shares of LXFR opened at $14.28 on Wednesday. The business has a 50-day simple moving average of $13.66 and a two-hundred day simple moving average of $12.77. Luxfer has a 12-month low of $7.55 and a 12-month high of $15.64. The stock has a market cap of $382.39 million, a PE ratio of 43.27, a PEG ratio of 1.79 and a beta of 0.88. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29.

Luxfer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Friday, January 17th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.52 annualized dividend and a yield of 3.64%. Luxfer’s dividend payout ratio is presently 157.58%.

Hedge Funds Weigh In On Luxfer

Several large investors have recently modified their holdings of LXFR. Royce & Associates LP grew its stake in shares of Luxfer by 23.2% in the third quarter. Royce & Associates LP now owns 1,348,392 shares of the industrial products company’s stock worth $17,462,000 after purchasing an additional 253,670 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Luxfer by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 512,495 shares of the industrial products company’s stock worth $5,940,000 after buying an additional 61,475 shares during the period. Earnest Partners LLC grew its position in shares of Luxfer by 11.5% in the 2nd quarter. Earnest Partners LLC now owns 558,449 shares of the industrial products company’s stock valued at $6,472,000 after buying an additional 57,656 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Luxfer by 194.2% in the second quarter. Marshall Wace LLP now owns 82,935 shares of the industrial products company’s stock valued at $961,000 after buying an additional 54,746 shares during the period. Finally, FMR LLC raised its position in shares of Luxfer by 1.6% during the third quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock worth $35,299,000 after acquiring an additional 43,559 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.