Luxfer (NYSE:LXFR) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Luxfer (NYSE:LXFR) from a hold rating to a buy rating in a research report released on Saturday, November 11th. They currently have $15.00 target price on the industrial products company’s stock.

According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “

A number of other brokerages have also recently issued reports on LXFR. BidaskClub raised shares of Luxfer from a sell rating to a hold rating in a research report on Wednesday, August 30th. ValuEngine raised shares of Luxfer from a hold rating to a buy rating in a research report on Wednesday, October 11th.

Luxfer (NYSE:LXFR) traded up $0.09 during mid-day trading on Friday, reaching $14.43. 59,977 shares of the company’s stock were exchanged, compared to its average volume of 54,216. The company has a market capitalization of $383.81, a PE ratio of 15.97 and a beta of 0.84. Luxfer has a 1 year low of $10.82 and a 1 year high of $14.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.22 and a current ratio of 2.34.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Monday, October 16th were given a dividend of $0.125 per share. The ex-dividend date was Friday, October 13th. This represents a $0.50 annualized dividend and a yield of 3.47%. Luxfer’s dividend payout ratio is 75.00%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Paradice Investment Management LLC lifted its position in Luxfer by 0.8% during the second quarter. Paradice Investment Management LLC now owns 1,746,663 shares of the industrial products company’s stock worth $22,340,000 after purchasing an additional 14,300 shares during the period. Advisors Preferred LLC bought a new stake in Luxfer during the third quarter worth about $120,000. Deprince Race & Zollo Inc. lifted its position in Luxfer by 2.8% during the third quarter. Deprince Race & Zollo Inc. now owns 1,511,468 shares of the industrial products company’s stock worth $18,818,000 after purchasing an additional 40,737 shares during the period. Robecosam AG lifted its position in Luxfer by 12.0% during the third quarter. Robecosam AG now owns 450,000 shares of the industrial products company’s stock worth $5,594,000 after purchasing an additional 48,300 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Luxfer by 13.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 113,642 shares of the industrial products company’s stock worth $1,453,000 after purchasing an additional 13,500 shares during the period. 86.27% of the stock is owned by institutional investors and hedge funds.

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About Luxfer

Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.

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