Luxfer (NYSE:LXFR) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Luxfer (NYSE:LXFR) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a report on Monday, March 23rd. Zacks Research cut 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 assigned a Sell rating to the company. According to MarketBeat, Luxfer currently has a consensus rating of “Reduce”.

Luxfer Stock Performance

NYSE:LXFR opened at $12.92 on Friday. The firm’s fifty day simple moving average is $13.14 and its 200-day simple moving average is $13.40. The company has a quick ratio of 0.73, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock has a market cap of $344.06 million, a PE ratio of 44.53, a price-to-earnings-growth ratio of 1.82 and a beta of 0.98. Luxfer has a fifty-two week low of $9.46 and a fifty-two week high of $16.02.

Luxfer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Friday, April 17th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, April 17th. Luxfer’s dividend payout ratio is currently 179.31%.

Institutional Investors Weigh In On Luxfer

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in Luxfer in the fourth quarter valued at $26,000. Raymond James Financial Inc. acquired a new stake in Luxfer in the 2nd quarter worth about $29,000. LSV Asset Management purchased a new stake in Luxfer in the 4th quarter valued at about $85,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Luxfer in the 4th quarter valued at about $101,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Luxfer during the 4th quarter valued at about $142,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

About Luxfer

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.