StockNews.com Lowers Luxfer (NYSE:LXFR) to Hold

Posted by on May 3rd, 2023

Luxfer (NYSE:LXFR – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Other analysts also recently issued research reports about the company. EF Hutton Acquisition Co. I reissued a “buy” rating and issued a $25.00 price target on shares of Luxfer in a research note on Thursday, March 2nd. TheStreet raised Luxfer from a “c+” rating to a “b-” rating in a research report on Friday, February 3rd.

Luxfer Stock Performance

LXFR stock opened at $15.00 on Wednesday. The business’s 50-day moving average price is $15.89 and its two-hundred day moving average price is $15.39. The company has a current ratio of 1.91, a quick ratio of 0.82 and a debt-to-equity ratio of 0.31. The firm has a market cap of $403.95 million, a PE ratio of 20.83 and a beta of 0.98. Luxfer has a 1-year low of $12.71 and a 1-year high of $17.83.

Luxfer (NYSE:LXFR – Get Rating) last posted its earnings results on Tuesday, February 28th. The industrial products company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Luxfer had a return on equity of 15.07% and a net margin of 4.63%. The firm had revenue of $116.70 million for the quarter, compared to analyst estimates of $99.70 million. As a group, research analysts forecast that Luxfer will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On Luxfer

A number of institutional investors have recently bought and sold shares of LXFR. Swiss National Bank increased its position in Luxfer by 7.2% during the first quarter. Swiss National Bank now owns 65,500 shares of the industrial products company’s stock worth $1,100,000 after buying an additional 4,400 shares during the last quarter. Bank of New York Mellon Corp increased its position in Luxfer by 13.0% during the first quarter. Bank of New York Mellon Corp now owns 93,454 shares of the industrial products company’s stock worth $1,570,000 after buying an additional 10,746 shares during the last quarter. BlackRock Inc. increased its position in Luxfer by 40.2% during the first quarter. BlackRock Inc. now owns 2,210,379 shares of the industrial products company’s stock worth $37,134,000 after buying an additional 633,547 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Luxfer by 66.6% during the first quarter. Dimensional Fund Advisors LP now owns 105,712 shares of the industrial products company’s stock worth $1,776,000 after buying an additional 42,269 shares during the last quarter. Finally, Sei Investments Co. increased its position in Luxfer by 5.8% during the first quarter. Sei Investments Co. now owns 77,900 shares of the industrial products company’s stock worth $1,309,000 after buying an additional 4,270 shares during the last quarter. Institutional investors and hedge funds own 99.64% of the company’s stock.

Luxfer Company Profile

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Luxfer Holdings Plc is a global producer of highly-engineered industrial materials, which specializes in the design and manufacture of high-performance products for transportation, defense and emergency response, healthcare, and general industrial purposes. It operates through the Gas Cylinder and Elektron segments.

Further Reading

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