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

StockNews.com downgraded shares of Luxfer (NYSE:LXFR) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday.

Luxfer Stock Performance

Shares of NYSE LXFR opened at $13.90 on Wednesday. The business has a fifty day simple moving average of $13.69 and a 200 day simple moving average of $12.74. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $372.11 million, a price-to-earnings ratio of 42.11, a PEG ratio of 1.77 and a beta of 0.88. Luxfer has a one year low of $7.55 and a one year high of $15.64.

Luxfer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Friday, January 17th will be paid a $0.13 dividend. The ex-dividend date is Monday, January 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.74%. Luxfer’s payout ratio is 157.58%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of Luxfer by 1.6% in the third quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock valued at $35,299,000 after purchasing an additional 43,559 shares in the last quarter. Royce & Associates LP raised its stake in Luxfer by 23.2% during the third quarter. Royce & Associates LP now owns 1,348,392 shares of the industrial products company’s stock worth $17,462,000 after acquiring an additional 253,670 shares in the last quarter. Geode Capital Management LLC raised its stake in Luxfer by 2.5% during the third quarter. Geode Capital Management LLC now owns 627,817 shares of the industrial products company’s stock worth $8,132,000 after acquiring an additional 15,030 shares in the last quarter. AQR Capital Management LLC raised its stake in Luxfer by 7.0% during the second quarter. AQR Capital Management LLC now owns 561,878 shares of the industrial products company’s stock worth $6,512,000 after acquiring an additional 36,711 shares in the last quarter. Finally, State Street Corp raised its stake in Luxfer by 0.3% during the third quarter. State Street Corp now owns 558,847 shares of the industrial products company’s stock worth $7,237,000 after acquiring an additional 1,413 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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.