Luxfer (NYSE:LXFR) Stock Rating Upgraded by StockNews.com

Luxfer (NYSE:LXFR) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Luxfer Stock Performance

Shares of LXFR stock opened at $14.30 on Thursday. The company has a current ratio of 2.17, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29. The company has a market cap of $382.95 million, a PE ratio of 43.36, a PEG ratio of 2.78 and a beta of 0.91. Luxfer has a 12-month low of $7.55 and a 12-month high of $15.15. The business’s fifty day simple moving average is $12.22 and its 200-day simple moving average is $11.70.

Luxfer (NYSE:LXFR) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. The business had revenue of $99.70 million for the quarter, compared to analyst estimates of $99.70 million. Analysts expect that Luxfer will post 0.75 earnings per share for the current fiscal year.

Insider Transactions at Luxfer

In other news, insider Graham Wardlow sold 6,500 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $10.83, for a total value of $70,395.00. Following the completion of the transaction, the insider now directly owns 29,008 shares in the company, valued at $314,156.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.17% of the company’s stock.

Institutional Investors Weigh In On Luxfer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Luxfer by 378.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,162 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 46,012 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of Luxfer during the first quarter worth approximately $432,000. First Eagle Investment Management LLC raised its stake in Luxfer by 17.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 287,707 shares of the industrial products company’s stock valued at $3,335,000 after purchasing an additional 42,668 shares during the last quarter. Kennedy Capital Management LLC purchased a new position in Luxfer in the 1st quarter valued at $2,242,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Luxfer during the 2nd quarter worth $656,000. 90.82% of the stock is owned by institutional investors and hedge funds.

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.