Luxfer (NYSE:LXFR) Downgraded to Buy Rating by StockNews.com

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

Luxfer Stock Performance

NYSE LXFR opened at $13.72 on Tuesday. The business’s 50-day moving average price is $13.88 and its 200 day moving average price is $12.44. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. The firm has a market cap 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. Luxfer has a 52-week low of $7.55 and a 52-week high of $15.64.

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 $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Friday, October 18th. Luxfer’s dividend payout ratio (DPR) is 157.58%.

Institutional Investors Weigh In On Luxfer

A number of large investors have recently bought and sold shares of LXFR. State Street Corp increased its position in Luxfer by 0.3% during the 3rd quarter. State Street Corp now owns 558,847 shares of the industrial products company’s stock worth $7,237,000 after purchasing an additional 1,413 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Luxfer in the 2nd quarter worth $25,000. BNP Paribas Financial Markets grew its stake in shares of Luxfer by 10.7% during the third quarter. BNP Paribas Financial Markets now owns 25,639 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 2,470 shares in the last quarter. MML Investors Services LLC increased its holdings in Luxfer by 75.4% during 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 last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Luxfer in the 3rd quarter valued at approximately $130,000. Institutional investors and hedge funds 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.