Luxfer (NYSE:LXFR) Cut to Buy at StockNews.com

StockNews.com downgraded shares of Luxfer (NYSE:LXFR) from a strong-buy rating to a buy rating in a report published on Tuesday morning.

Luxfer Price Performance

NYSE LXFR opened at $13.13 on Tuesday. Luxfer has a one year low of $7.55 and a one year high of $15.64. The stock has a 50-day moving average of $13.91 and a 200 day moving average of $12.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17. The company has a market capitalization of $351.69 million, a price-to-earnings ratio of 39.79, a PEG ratio of 2.36 and a beta of 0.87.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 18th were given a dividend of $0.13 per share. The ex-dividend date was Friday, October 18th. This represents a $0.52 dividend on an annualized basis and a yield of 3.96%. Luxfer’s dividend payout ratio (DPR) is 157.58%.

Institutional Investors Weigh In On Luxfer

Large investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. purchased a new position in shares of Luxfer in the 2nd quarter worth $25,000. SG Americas Securities LLC bought a new stake in shares of Luxfer during the 3rd quarter valued at about $130,000. Algert Global LLC purchased a new stake in shares of Luxfer during the 2nd quarter valued at about $133,000. XTX Topco Ltd bought a new position in shares of Luxfer in the 3rd quarter worth approximately $146,000. Finally, MML Investors Services LLC boosted its holdings in shares of Luxfer by 75.4% in the third quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock worth $248,000 after buying an additional 8,223 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.