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

StockNews.com cut shares of Luxfer (NYSE:LXFR) from a strong-buy rating to a buy rating in a report released on Tuesday.

Luxfer Stock Down 0.9 %

Luxfer stock opened at $13.72 on Tuesday. Luxfer has a one year low of $7.55 and a one year high of $15.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17. The firm has a market capitalization of $367.36 million, a P/E ratio of 41.56, a P/E/G ratio of 2.36 and a beta of 0.87. The company has a 50-day simple moving average of $13.88 and a 200-day simple moving average of $12.44.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 18th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, October 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.79%. Luxfer’s dividend payout ratio is presently 157.58%.

Hedge Funds Weigh In On Luxfer

Several large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its stake in Luxfer by 14.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 104,399 shares of the industrial products company’s stock valued at $1,210,000 after acquiring an additional 12,847 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Luxfer in the second quarter worth $281,000. Panagora Asset Management Inc. bought a new position in shares of Luxfer in the 2nd quarter valued at approximately $925,000. Los Angeles Capital Management LLC acquired a new position in Luxfer in the 2nd quarter valued at $656,000. Finally, Acadian Asset Management LLC boosted its holdings in Luxfer by 40.4% during the second quarter. Acadian Asset Management LLC now owns 213,434 shares of the industrial products company’s stock valued at $2,471,000 after acquiring an additional 61,453 shares during the period. Institutional investors own 90.82% of the company’s stock.

About Luxfer

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.