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

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 morning.

Luxfer Stock Down 0.8 %

Shares of Luxfer stock opened at $13.90 on Wednesday. The stock has a market capitalization of $372.11 million, a P/E ratio of 42.11, a PEG ratio of 1.77 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. The stock has a 50 day moving average price of $13.69 and a two-hundred day moving average price of $12.74. Luxfer has a 12-month low of $7.55 and a 12-month high of $15.64.

Luxfer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders 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 dividend on an annualized basis and a yield of 3.74%. Luxfer’s payout ratio is currently 157.58%.

Institutional Investors Weigh In On Luxfer

Large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its holdings in shares of 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 buying an additional 253,670 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Luxfer by 13.6% during the second 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 last quarter. Earnest Partners LLC lifted its holdings in shares of Luxfer by 11.5% during the second quarter. Earnest Partners LLC now owns 558,449 shares of the industrial products company’s stock worth $6,472,000 after buying an additional 57,656 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Luxfer by 194.2% during the second quarter. Marshall Wace LLP now owns 82,935 shares of the industrial products company’s stock worth $961,000 after buying an additional 54,746 shares during the last quarter. Finally, FMR LLC lifted its holdings 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 buying an additional 43,559 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Luxfer Company Profile

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.