ValuEngine Downgrades Luxfer (NYSE:LXFR) to Hold

Luxfer (NYSE:LXFR) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of Home Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, June 7th.

Luxfer stock opened at $23.39 on Friday. The firm has a market cap of $616.48 million, a price-to-earnings ratio of 13.84 and a beta of 1.02. The company has a current ratio of 1.92, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $23.80. Luxfer has a twelve month low of $16.39 and a twelve month high of $28.06.

Luxfer (NYSE:LXFR) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.08). The company had revenue of $120.40 million during the quarter, compared to analyst estimates of $115.00 million. Luxfer had a net margin of 2.11% and a return on equity of 24.27%. Research analysts expect that Luxfer will post 1.72 EPS for the current fiscal year.

In other Luxfer news, Director David Landless sold 1,250 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $23.46, for a total value of $29,325.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew Butcher sold 4,963 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $25.08, for a total transaction of $124,472.04. Following the completion of the sale, the insider now directly owns 89,134 shares of the company’s stock, valued at $2,235,480.72. The disclosure for this sale can be found here. Insiders sold 12,863 shares of company stock valued at $323,643 over the last three months. Insiders own 1.46% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware bought a new stake in shares of Luxfer during the 1st quarter worth $57,000. Investors Research Corp bought a new stake in shares of Luxfer during the 1st quarter worth $182,000. GSA Capital Partners LLP bought a new stake in shares of Luxfer during the 4th quarter worth $185,000. Northern Trust Corp bought a new stake in shares of Luxfer during the 4th quarter worth $200,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Luxfer by 327.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,173 shares of the industrial products company’s stock worth $204,000 after buying an additional 6,259 shares during the period. 97.62% of the stock is owned by institutional investors and hedge funds.

Luxfer Company Profile

Luxfer Holdings Plc is a technology company, which designs, manufactures, and supplies materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets. It operates through the Gas Cylinder and Elektron segments. The Gas Cylinders segment manufactures and markets high-pressure aluminum and composite cylinders, systems, and accessories under the Luxfer Gas Cylinders and Superform brands.

Further Reading: Are sell-side analysts objective?

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