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 stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

Luxfer Trading Down 0.4%

NYSE:LXFR traded down $0.05 during trading hours on Friday, hitting $11.78. 42,743 shares of the company were exchanged, compared to its average volume of 128,802. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $11.95 and a 200 day simple moving average of $12.05. The stock has a market capitalization of $315.23 million, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. Luxfer has a one year low of $9.41 and a one year high of $15.64.

Insider Buying and Selling at Luxfer

In related news, Director Clive Snowdon sold 4,120 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.02, for a total transaction of $41,282.40. Following the sale, the director directly owned 21,903 shares of the company's stock, valued at $219,468.06. This represents a 15.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa G. Trimberger sold 4,108 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 transaction of $41,162.16. Following the transaction, the director owned 15,858 shares of the company's stock, valued at $158,897.16. This trade represents a 20.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,987 shares of company stock valued at $418,168. 1.17% of the stock is owned by corporate insiders.

Institutional Trading of Luxfer

Hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in Luxfer in the first quarter worth about $29,000. Quantbot Technologies LP acquired a new stake in Luxfer in the 1st quarter valued at about $56,000. CWM LLC lifted its holdings in Luxfer by 79.6% in the 2nd quarter. CWM LLC now owns 6,920 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 3,068 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Luxfer in the 1st quarter valued at about $124,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Luxfer during the 4th quarter worth about $137,000. Hedge funds and other 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.