Luxfer Holdings (NYSE:LXFR) declared a quarterly dividend on Friday, March 30th, Wall Street Journal reports. Stockholders of record on Friday, April 13th will be paid a dividend of 0.125 per share by the industrial products company on Wednesday, May 2nd. This represents a $0.50 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Thursday, April 12th.
Luxfer has raised its dividend payment by an average of 8.1% per year over the last three years. Luxfer has a payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings.
Shares of NYSE:LXFR opened at $13.05 on Friday. Luxfer has a twelve month low of $10.85 and a twelve month high of $16.21. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $339.43, a PE ratio of 13.25 and a beta of 0.74.
Several equities analysts have recently weighed in on LXFR shares. ValuEngine upgraded shares of Luxfer from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Luxfer from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd.
A hedge fund recently raised its stake in Luxfer stock. State Street Corp lifted its holdings in Luxfer Holdings (NYSE:LXFR) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,786 shares of the industrial products company’s stock after purchasing an additional 222 shares during the period. State Street Corp owned about 0.06% of Luxfer worth $215,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 80.17% of the company’s stock.
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Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets in Europe, North America, and internationally. It operates in two segments, Gas Cylinders and Elektron.
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