Luxfer (NYSE:LXFR) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Luxfer from a "hold" to a "buy" in a research note, indicating renewed analyst optimism for the stock.
• Other analysts remain cautious—Zacks cut Luxfer to a "strong sell" and Weiss kept a "hold," leaving the MarketBeat average rating at "Reduce".
• Shares trade around $12.13 with a $323.1M market cap, a PE of 41.8 and a 52-week range of $9.41–$16.02, while roughly 90.8% of the stock is held by institutions that have recently increased positions.

Luxfer (NYSE:LXFR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other analysts also recently issued reports on the company. Zacks Research downgraded Luxfer from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Luxfer in a research note on Monday, March 23rd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Luxfer presently has an average rating of "Reduce".

Luxfer Trading Down 0.1%

Shares of LXFR stock opened at $12.13 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.73 and a current ratio of 1.67. Luxfer has a 52-week low of $9.41 and a 52-week high of $16.02. The company has a market capitalization of $323.09 million, a PE ratio of 41.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The business's fifty day moving average is $13.62 and its 200 day moving average is $13.49.

Hedge Funds Weigh In On Luxfer

A number of hedge funds and other institutional investors have recently modified their holdings of LXFR. Royce & Associates LP increased its position in shares of Luxfer by 1.5% during the 4th quarter. Royce & Associates LP now owns 1,802,435 shares of the industrial products company's stock valued at $24,387,000 after purchasing an additional 26,046 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Luxfer by 2.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,700,550 shares of the industrial products company's stock worth $23,008,000 after buying an additional 38,108 shares during the last quarter. American Century Companies Inc. boosted its stake in Luxfer by 12.8% in the third quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company's stock worth $22,094,000 after buying an additional 180,199 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Luxfer by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 918,676 shares of the industrial products company's stock worth $12,430,000 after buying an additional 26,894 shares in the last quarter. Finally, Earnest Partners LLC grew its position in Luxfer by 24.9% during the fourth quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company's stock valued at $11,330,000 after acquiring an additional 167,023 shares during the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

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.

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