Luxfer (NYSE:LXFR) Upgraded by Freedom Capital to Strong-Buy Rating

Luxfer (NYSE:LXFR) was upgraded by stock analysts at Freedom Capital to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on LXFR. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research note on Monday, March 23rd. Zacks Research raised shares of Luxfer from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised Luxfer from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Luxfer Stock Performance

Luxfer stock opened at $15.96 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.75 and a quick ratio of 0.81. The firm has a market capitalization of $430.99 million, a P/E ratio of 72.54, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. Luxfer has a 1-year low of $10.96 and a 1-year high of $16.02. The company’s 50-day moving average is $13.33 and its 200 day moving average is $13.63.

Hedge Funds Weigh In On Luxfer

Several institutional investors and hedge funds have recently bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new stake in shares of Luxfer during the 3rd quarter valued at $1,241,000. American Century Companies Inc. grew its stake in Luxfer by 12.8% during the 3rd quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock worth $22,094,000 after buying an additional 180,199 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in Luxfer by 18.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock worth $23,108,000 after buying an additional 258,957 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in Luxfer by 0.6% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 458,663 shares of the industrial products company’s stock valued at $6,375,000 after buying an additional 2,678 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in Luxfer in the fourth quarter valued at about $85,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

About Luxfer

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.