Luxfer Holdings PLC (LXFR) Increases Dividend to $0.13 Per Share

Luxfer Holdings PLC (NYSE:LXFR) declared a dividend on Monday, September 26th. Stockholders of record on Friday, October 14th will be paid a dividend of 0.125 per share on Wednesday, November 2nd. The ex-dividend date is Wednesday, October 12th. This is an increase from Luxfer Holdings PLC’s previous dividend of $0.12.

Luxfer Holdings PLC (NYSE:LXFR) opened at 11.36 on Friday. The firm has a market cap of $298.76 million, a PE ratio of 10.65 and a beta of 0.63. The stock’s 50 day moving average is $11.27 and its 200 day moving average is $11.87. Luxfer Holdings PLC has a 12 month low of $9.17 and a 12 month high of $13.60.

Luxfer Holdings PLC (NYSE:LXFR) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Luxfer Holdings PLC had a return on equity of 18.51% and a net margin of 6.56%. The firm earned $111 million during the quarter, compared to the consensus estimate of $113.92 million. On average, equities analysts forecast that Luxfer Holdings PLC will post $1.14 earnings per share for the current year.

Several equities research analysts recently weighed in on the company. TheStreet downgraded Luxfer Holdings PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $16.00 price target on shares of Luxfer Holdings PLC in a report on Sunday, July 10th. Finally, Zacks Investment Research raised Luxfer Holdings PLC from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd.

A hedge fund recently raised its stake in Luxfer Holdings PLC stock. O Shaughnessy Asset Management LLC raised its stake in Luxfer Holdings PLC (NYSE:LXFR) by 163.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,228 shares of the company’s stock after buying an additional 8,209 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Luxfer Holdings PLC were worth $159,000 at the end of the most recent reporting period. 84.65% of the stock is owned by institutional investors and hedge funds.

About Luxfer Holdings PLC

Luxfer Holdings PLC is a holding company. The Company is a global materials technology company specializing in the design, manufacture and supply of materials, components and high-pressure gas-containment devices for healthcare, environmental, protection and specialty end-markets. Its segments include Elektron division and Gas Cylinders division.

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