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

Luxfer (NYSE:LXFR) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Luxfer Stock Down 1.0 %

Luxfer stock traded down $0.15 on Friday, hitting $14.20. 208,619 shares of the stock traded hands, compared to its average volume of 119,356. The business’s fifty day simple moving average is $13.63 and its 200 day simple moving average is $13.01. The firm has a market cap of $380.28 million, a P/E ratio of 43.03, a price-to-earnings-growth ratio of 1.87 and a beta of 0.88. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. Luxfer has a 1 year low of $7.61 and a 1 year high of $15.64.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of Luxfer by 48.3% during the fourth quarter. Bank of America Corp DE now owns 1,854,220 shares of the industrial products company’s stock valued at $24,272,000 after buying an additional 603,954 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Luxfer by 2,131.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 312,400 shares of the industrial products company’s stock worth $4,089,000 after purchasing an additional 298,400 shares during the period. Royce & Associates LP raised its stake in Luxfer by 20.4% during the 4th quarter. Royce & Associates LP now owns 1,624,061 shares of the industrial products company’s stock valued at $21,259,000 after buying an additional 275,669 shares during the last quarter. Millennium Management LLC purchased a new stake in Luxfer during the 4th quarter valued at $3,308,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Luxfer by 441.5% during the 4th quarter. JPMorgan Chase & Co. now owns 150,150 shares of the industrial products company’s stock valued at $1,965,000 after buying an additional 122,423 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

About Luxfer

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.