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 have also issued reports on LXFR. TheStreet lowered shares of Luxfer Holdings PLC from a buy rating to a hold rating in a report on Tuesday, August 9th. Credit Suisse Group AG reissued a buy rating and issued a $16.00 price objective on shares of Luxfer Holdings PLC in a report on Sunday, July 10th.
Luxfer Holdings PLC (NYSE:LXFR) opened at 9.91 on Wednesday. The company has a market cap of $260.62 million, a price-to-earnings ratio of 9.29 and a beta of 0.63. Luxfer Holdings PLC has a 1-year low of $9.17 and a 1-year high of $13.60. The company’s 50 day moving average is $11.25 and its 200 day moving average is $11.86.
Luxfer Holdings PLC (NYSE:LXFR) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.29. Luxfer Holdings PLC had a net margin of 6.56% and a return on equity of 18.51%. The firm earned $111 million during the quarter, compared to analyst estimates of $113.92 million. Equities research analysts forecast that Luxfer Holdings PLC will post $1.14 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Friday, October 14th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Wednesday, October 12th. This is a positive change from Luxfer Holdings PLC’s previous quarterly dividend of $0.12. Luxfer Holdings PLC’s dividend payout ratio (DPR) is 33.33%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. raised its position in shares of Luxfer Holdings PLC by 31.5% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 142,711 shares of the company’s stock valued at $1,654,000 after buying an additional 34,182 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Luxfer Holdings PLC during the second quarter valued at approximately $114,000. State Street Corp raised its position in Luxfer Holdings PLC by 2.1% in the second quarter. State Street Corp now owns 16,322 shares of the company’s stock valued at $196,000 after buying an additional 337 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Luxfer Holdings PLC by 163.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 13,228 shares of the company’s stock valued at $159,000 after buying an additional 8,209 shares during the last quarter. Finally, Paradice Investment Management LLC raised its position in Luxfer Holdings PLC by 9.0% in the second quarter. Paradice Investment Management LLC now owns 1,732,363 shares of the company’s stock valued at $20,840,000 after buying an additional 143,139 shares during the last quarter. 84.65% of the stock is owned by institutional investors.
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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