Zacks Investment Research upgraded shares of Luxfer Holdings PLC (NYSE:LXFR) from a sell rating to a hold rating in a research note published on Wednesday morning.
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. “
LXFR has been the subject of several other reports. Credit Suisse Group AG reaffirmed a buy rating and set a $16.00 target price on shares of Luxfer Holdings PLC in a research note on Sunday, July 10th. TheStreet lowered shares of Luxfer Holdings PLC from a buy rating to a hold rating in a research report on Tuesday, August 9th.
Luxfer Holdings PLC (NYSE:LXFR) opened at 9.74 on Wednesday. Luxfer Holdings PLC has a 52-week low of $9.17 and a 52-week high of $13.60. The stock has a market cap of $256.15 million, a PE ratio of 9.13 and a beta of 0.63. The firm has a 50 day moving average of $11.21 and a 200-day moving average of $11.88.
Luxfer Holdings PLC (NYSE:LXFR) last posted its earnings results on Tuesday, August 9th. The company reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The company earned $111 million during the quarter, compared to analysts’ expectations of $113.92 million. Luxfer Holdings PLC had a net margin of 6.56% and a return on equity of 18.51%. Equities analysts anticipate that Luxfer Holdings PLC will post $1.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Friday, October 14th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.50 annualized dividend and a yield of 5.13%. 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%.
A number of institutional investors have recently added to or reduced their stakes in LXFR. Dalton Greiner Hartman Maher & Co. raised its stake in 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 purchased a new stake in Luxfer Holdings PLC during the second quarter valued at about $114,000. State Street Corp raised its stake 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 period. O Shaughnessy Asset Management LLC raised its stake 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 period. Finally, Paradice Investment Management LLC raised its stake 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 period. Institutional investors and hedge funds own 84.65% of the company’s stock.
Luxfer Holdings PLC Company Profile
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.