Luxfer (LXFR) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of Luxfer (NYSE:LXFR) from a hold rating to a sell rating in a report released on Wednesday.

According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “

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Separately, ValuEngine upgraded Luxfer from a hold rating to a buy rating in a report on Friday, February 2nd.

NYSE LXFR opened at $13.98 on Wednesday. Luxfer has a one year low of $10.85 and a one year high of $16.21. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.03 and a quick ratio of 1.06. The firm has a market capitalization of $375.36, a P/E ratio of 14.65 and a beta of 0.74.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Friday, April 13th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Thursday, April 12th. Luxfer’s payout ratio is currently 52.63%.

A number of large investors have recently modified their holdings of the business. State Street Corp grew its holdings in Luxfer by 1.3% in the 2nd quarter. State Street Corp now owns 16,786 shares of the industrial products company’s stock valued at $215,000 after buying an additional 222 shares in the last quarter. Smith Asset Management Group LP grew its holdings in shares of Luxfer by 114.5% during the 4th quarter. Smith Asset Management Group LP now owns 14,010 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 7,480 shares during the period. Virtu Financial LLC purchased a new position in shares of Luxfer during the 4th quarter worth $179,000. Investors Research Corp purchased a new position in shares of Luxfer during the 4th quarter worth $228,000. Finally, Paradice Investment Management LLC grew its holdings in shares of Luxfer by 1.2% during the 4th quarter. Paradice Investment Management LLC now owns 2,026,960 shares of the industrial products company’s stock worth $32,026,000 after purchasing an additional 24,560 shares during the period. Institutional investors own 80.17% of the company’s stock.

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Luxfer Company Profile

Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets in Europe, North America, and internationally. It operates in two segments, Gas Cylinders and Elektron.

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