Luxfer Holdings PLC (LXFR) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Luxfer Holdings PLC (NYSE:LXFR) from a hold rating to a buy rating in a research report report published on Saturday morning. The firm currently has $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 also recently weighed in on LXFR. BidaskClub upgraded shares of Luxfer Holdings PLC from a sell rating to a hold rating in a research report on Wednesday, August 30th. ValuEngine upgraded shares of Luxfer Holdings PLC from a hold rating to a buy rating in a research report on Wednesday, October 11th.

Luxfer Holdings PLC (LXFR) opened at $13.72 on Friday. The firm has a market cap of $360.31, a P/E ratio of 14.73 and a beta of 0.85. Luxfer Holdings PLC has a 52-week low of $9.82 and a 52-week high of $13.84. The company has a current ratio of 2.34, a quick ratio of 1.22 and a debt-to-equity ratio of 0.61.

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The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Monday, October 16th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.50 dividend on an annualized basis and a yield of 3.64%. Luxfer Holdings PLC’s dividend payout ratio is currently 81.36%.

A number of hedge funds have recently made changes to their positions in LXFR. FMR LLC increased its holdings in Luxfer Holdings PLC by 42.2% during the second quarter. FMR LLC now owns 2,389,830 shares of the industrial products company’s stock valued at $30,566,000 after buying an additional 709,264 shares during the last quarter. Paradice Investment Management LLC increased its holdings in Luxfer Holdings PLC by 14.6% during the third quarter. Paradice Investment Management LLC now owns 2,002,400 shares of the industrial products company’s stock valued at $24,930,000 after buying an additional 255,737 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in Luxfer Holdings PLC by 4.9% during the second quarter. Deprince Race & Zollo Inc. now owns 1,470,731 shares of the industrial products company’s stock valued at $18,811,000 after buying an additional 68,109 shares during the last quarter. Kempen Capital Management N.V. increased its holdings in Luxfer Holdings PLC by 36.3% during the second quarter. Kempen Capital Management N.V. now owns 224,819 shares of the industrial products company’s stock valued at $2,875,000 after buying an additional 59,818 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Luxfer Holdings PLC by 28.8% during the third quarter. Wells Fargo & Company MN now owns 247,279 shares of the industrial products company’s stock valued at $3,079,000 after buying an additional 55,240 shares during the last quarter. 85.44% of the stock is owned by institutional investors and hedge funds.

Luxfer Holdings PLC Company Profile

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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