Luxfer (NYSE:LXFR) Rating Increased to Strong-Buy at StockNews.com

Luxfer (NYSE:LXFR) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Luxfer Stock Down 1.6 %

LXFR traded down $0.23 during trading on Thursday, reaching $14.36. 581,848 shares of the stock were exchanged, compared to its average volume of 155,979. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 2.39. The stock’s 50 day moving average price is $12.14 and its two-hundred day moving average price is $11.68. Luxfer has a twelve month low of $7.55 and a twelve month high of $15.15. The stock has a market cap of $393.28 million, a P/E ratio of 43.52, a price-to-earnings-growth ratio of 2.42 and a beta of 0.91.

Luxfer (NYSE:LXFR) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $99.70 million for the quarter, compared to analyst estimates of $99.70 million. Luxfer had a negative net margin of 1.28% and a positive return on equity of 6.24%. Equities analysts expect that Luxfer will post 0.75 EPS for the current year.

Insider Activity

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $10.83, for a total transaction of $70,395.00. Following the completion of the sale, the insider now owns 29,008 shares of the company’s stock, valued at $314,156.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Luxfer by 188.8% during the 1st quarter. Vanguard Group Inc. now owns 1,685,338 shares of the industrial products company’s stock worth $17,477,000 after purchasing an additional 1,101,856 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Luxfer by 23.1% in the second quarter. American Century Companies Inc. now owns 899,263 shares of the industrial products company’s stock valued at $10,422,000 after buying an additional 169,015 shares during the period. AQR Capital Management LLC grew its position in Luxfer by 7.0% during the second quarter. AQR Capital Management LLC now owns 561,878 shares of the industrial products company’s stock worth $6,512,000 after buying an additional 36,711 shares in the last quarter. Earnest Partners LLC increased its stake in Luxfer by 11.5% during the 2nd quarter. Earnest Partners LLC now owns 558,449 shares of the industrial products company’s stock worth $6,472,000 after acquiring an additional 57,656 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Luxfer by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 512,495 shares of the industrial products company’s stock valued at $5,940,000 after acquiring an additional 61,475 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

About Luxfer

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.