Luxfer (NYSE:LXFR) Stock Price Crosses Above 50 Day Moving Average on Analyst Downgrade

Key Points

• Luxfer shares crossed above their 50-day moving average, reaching $17.33 and last trading at $17.325; the average was $17.25.
• Analyst views are mixed: Weiss Ratings raised its rating from Hold (C) to Hold (C+), while Zacks Research cut its rating from Strong Buy to Hold. MarketBeat’s average rating is Hold, with a $16.40 average price target.
• Luxfer reported quarterly EPS of $0.25, below the $0.28 consensus estimate, and revenue of $89.3 million versus expectations of $93.7 million.

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday after Weiss Ratings upgraded the stock from a hold (c) rating to a hold (c+) rating. The stock has a fifty day moving average of $17.25 and traded as high as $17.33. Luxfer shares last traded at $17.3250, with a volume of 1,610,331 shares.

Separately, Zacks Research lowered Luxfer from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Luxfer currently has an average rating of "Hold" and an average target price of $16.40.

Institutional Trading of Luxfer

A number of institutional investors and hedge funds have recently bought and sold shares of LXFR. EverSource Wealth Advisors LLC lifted its stake in shares of Luxfer by 63.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company's stock worth $34,000 after purchasing an additional 1,083 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Luxfer by 61.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,120 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 1,191 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Luxfer in the second quarter worth about $34,000. First Wilshire Securities Management Inc. increased its holdings in shares of Luxfer by 0.7% in the 1st quarter. First Wilshire Securities Management Inc. now owns 342,174 shares of the industrial products company's stock valued at $4,168,000 after acquiring an additional 2,454 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new position in shares of Luxfer in the 3rd quarter worth about $83,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Luxfer Stock Performance

The company has a quick ratio of 1.19, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $17.25 and a 200 day simple moving average of $15.85. The company has a market capitalization of $463.62 million, a price-to-earnings ratio of 75.33, a P/E/G ratio of 2.56 and a beta of 1.13.

Luxfer (NYSE:LXFR - Get Free Report) last posted its earnings results on Wednesday, October 28th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). The company had revenue of $89.30 million during the quarter, compared to the consensus estimate of $93.70 million. Luxfer had a net margin of 1.71% and a return on equity of 11.86%. As a group, analysts anticipate that Luxfer Holdings PLC will post 0.96 earnings per share for the current fiscal year.

Luxfer Company Profile

Luxfer Holdings PLC NYSE: LXFR is a global manufacturer of engineered materials and high-pressure gas cylinders. The company serves industrial, healthcare, transportation, aerospace, defense, emergency response and other specialized markets with products designed for demanding applications.

Through its Luxfer Gas Cylinders business, the company produces aluminum, composite and other specialized cylinders used to store and transport medical oxygen, breathing air, industrial gases, alternative fuels such as compressed natural gas and hydrogen, and fire-suppression agents.

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