Luxfer (NYSE:LXFR) Stock Rating Lowered by Zacks Research

Luxfer (NYSE:LXFR) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.

Several other equities research analysts have also recently issued reports on the stock. Freedom Broker cut shares of Luxfer from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.50 to $16.40 in a research report on Friday, October 30th. Weiss Ratings downgraded shares of Luxfer from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. Finally, Piper Sandler set a $16.40 price target on shares of Luxfer in a research note on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.40.

Luxfer Stock Up 0.7%

Shares of NYSE:LXFR opened at $17.32 on Tuesday. The firm’s 50 day moving average price is $17.25 and its 200 day moving average price is $15.85. The stock has a market cap of $463.62 million, a price-to-earnings ratio of 75.33, a price-to-earnings-growth ratio of 2.56 and a beta of 1.13. Luxfer has a fifty-two week low of $11.26 and a fifty-two week high of $19.45. The company has a quick ratio of 1.19, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Luxfer (NYSE:LXFR) last issued its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Luxfer had a return on equity of 11.86% and a net margin of 1.71%. The firm had revenue of $89.30 million during the quarter, compared to analysts’ expectations of $93.70 million. As a group, equities research analysts predict that Luxfer will post 0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Luxfer

Large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in shares of Luxfer during the second quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its holdings in shares of Luxfer by 63.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 1,083 shares during the period. State of Alaska Department of Revenue raised its position in Luxfer by 61.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,120 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 1,191 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in Luxfer in the 3rd quarter valued at $83,000. Finally, Axxcess Wealth Management LLC acquired a new stake in Luxfer during the 3rd quarter worth $233,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Luxfer

Here are the key news stories impacting Luxfer this week:

• Neutral Sentiment: Shareholders approved the Wynnchurch transaction, a milestone for the acquisition; the $17.37-per-share offer is likely to remain the main reference point for LXFR shares while the deal proceeds.
• Negative Sentiment: Sidoti cut its EPS forecasts, lowering its FY2026 estimate to $0.96 from $1.10 and its FY2027 estimate to $1.20 from $1.32. The analyst also reduced several quarterly projections, signaling a weaker earnings outlook that could weigh on investor sentiment. Luxfer Shareholders Approve Wynnchurch Capital Transaction

Luxfer Company Profile

Luxfer Holdings PLC (NYSE: LXFR) is a global manufacturer of engineered materials and high-pressure gas cylinders. The company serves industrial, healthcare, transportation, aerospace, defense, emergency response and other specialized markets with products designed for demanding applications.

Through its Luxfer Gas Cylinders business, the company produces aluminum, composite and other specialized cylinders used to store and transport medical oxygen, breathing air, industrial gases, alternative fuels such as compressed natural gas and hydrogen, and fire-suppression agents.