Luxfer (NYSE:LXFR) Stock Rating Lowered by Wall Street Zen

Key Points

• Luxfer's stock rating was downgraded from a "strong-buy" to a "buy" by Wall Street Zen, reflecting a shift in analysts' outlook on the company's performance.
• Insider transactions indicate selling activity, with CFO Stephen Webster and Director Clive Snowdon reducing their stock holdings by 13.73% and 15.83%, respectively.
• JPMorgan Chase & Co. significantly increased its holdings in Luxfer by 441.5% during the fourth quarter, showcasing strong institutional interest in the company.

Luxfer (NYSE:LXFR - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Luxfer Trading Down 1.2%

Shares of LXFR traded down $0.15 during trading hours on Friday, reaching $11.87. The stock had a trading volume of 188,849 shares, compared to its average volume of 128,446. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 0.10. Luxfer has a 52 week low of $9.41 and a 52 week high of $15.64. The firm has a 50-day moving average of $11.95 and a 200 day moving average of $12.07. The company has a market cap of $317.64 million, a P/E ratio of 13.19, a P/E/G ratio of 1.64 and a beta of 1.15.

Insider Transactions at Luxfer

In related news, Director Patrick K. Mullen sold 5,463 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.02, for a total value of $54,739.26. Following the completion of the sale, the director directly owned 35,617 shares in the company, valued at approximately $356,882.34. This trade represents a 13.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lisa G. Trimberger sold 4,108 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.02, for a total transaction of $41,162.16. Following the completion of the transaction, the director directly owned 15,858 shares in the company, valued at approximately $158,897.16. This represents a 20.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,987 shares of company stock worth $418,168. Company insiders own 1.17% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Northern Trust Corp raised its stake in Luxfer by 0.4% during the fourth quarter. Northern Trust Corp now owns 220,406 shares of the industrial products company's stock worth $2,885,000 after buying an additional 808 shares during the last quarter. First Wilshire Securities Management Inc. increased its stake in Luxfer by 0.6% in the first quarter. First Wilshire Securities Management Inc. now owns 354,736 shares of the industrial products company's stock valued at $4,207,000 after purchasing an additional 1,963 shares in the last quarter. New York State Teachers Retirement System bought a new stake in Luxfer in the first quarter valued at $29,000. CWM LLC increased its stake in Luxfer by 79.6% in the second quarter. CWM LLC now owns 6,920 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 3,068 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Luxfer by 0.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 402,553 shares of the industrial products company's stock valued at $5,269,000 after purchasing an additional 3,200 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

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.