Luxfer (NYSE:LXFR) Upgraded at StockNews.com

StockNews.com upgraded shares of Luxfer (NYSE:LXFR) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning.

Luxfer Price Performance

LXFR stock opened at $14.20 on Friday. The business has a 50 day simple moving average of $13.64 and a 200-day simple moving average of $13.06. Luxfer has a twelve month low of $7.61 and a twelve month high of $15.64. The company has a market capitalization of $380.35 million, a P/E ratio of 43.03, a PEG ratio of 1.85 and a beta of 0.88. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 17th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Monday, January 27th. Luxfer’s dividend payout ratio is presently 157.58%.

Institutional Investors Weigh In On Luxfer

A number of institutional investors have recently added to or reduced their stakes in LXFR. FMR LLC raised its position in Luxfer by 1.6% in the third quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock worth $35,299,000 after acquiring an additional 43,559 shares in the last quarter. Barclays PLC grew its holdings in Luxfer by 64.2% in the third quarter. Barclays PLC now owns 66,809 shares of the industrial products company’s stock valued at $865,000 after purchasing an additional 26,112 shares during the period. MML Investors Services LLC raised its holdings in shares of Luxfer by 75.4% in the 3rd quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 8,223 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Luxfer by 129.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,727 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 15,641 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Luxfer by 0.3% during the third quarter. State Street Corp now owns 558,847 shares of the industrial products company’s stock valued at $7,237,000 after acquiring an additional 1,413 shares in the last quarter. 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.