Luxfer (NYSE:LXFR) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Luxfer (NYSE:LXFR) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.

Luxfer Stock Down 1.0 %

LXFR opened at $14.20 on Friday. The company has a fifty day moving average of $13.63 and a two-hundred day moving average of $13.01. The stock has a market capitalization of $380.28 million, a price-to-earnings ratio of 43.03, a PEG ratio of 1.87 and a beta of 0.88. Luxfer has a fifty-two week low of $7.61 and a fifty-two week 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.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 17th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Monday, January 27th. Luxfer’s dividend payout ratio is presently 157.58%.

Hedge Funds Weigh In On Luxfer

Hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC raised its stake in Luxfer by 9.6% in the 4th quarter. Squarepoint Ops LLC now owns 37,784 shares of the industrial products company’s stock valued at $495,000 after purchasing an additional 3,321 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of Luxfer during the fourth quarter worth $188,000. Millennium Management LLC acquired a new stake in shares of Luxfer in the fourth quarter valued at about $3,308,000. Lazard Asset Management LLC lifted its stake in shares of Luxfer by 98.3% in the fourth quarter. Lazard Asset Management LLC now owns 48,057 shares of the industrial products company’s stock worth $629,000 after buying an additional 23,820 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Luxfer by 90.0% during the fourth quarter. Deutsche Bank AG now owns 24,835 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 11,763 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Luxfer Company Profile

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.