Luxfer Holdings PLC (NYSE:LXFR) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $25.50 and last traded at $26.00, with a volume of 13036 shares changing hands. The stock had previously closed at $23.08.
A number of research firms recently issued reports on LXFR. Zacks Investment Research downgraded shares of Luxfer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 18th. KeyCorp set a $24.00 target price on shares of Luxfer and gave the company a “buy” rating in a research report on Tuesday, September 18th. Finally, ValuEngine upgraded shares of Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 22nd.
The stock has a market cap of $586.68 million, a PE ratio of 27.07 and a beta of 0.91. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.55.
Luxfer (NYSE:LXFR) last posted its earnings results on Wednesday, August 1st. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. The company had revenue of $128.20 million during the quarter. Luxfer had a net margin of 4.51% and a return on equity of 19.79%. On average, research analysts forecast that Luxfer Holdings PLC will post 1.45 EPS for the current fiscal year.
The firm also recently announced a dividend, which will be paid on Wednesday, November 7th. Investors of record on Friday, October 19th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, October 18th. This is an increase from Luxfer’s previous dividend of $0.12. Luxfer’s payout ratio is currently 13.68%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D acquired a new position in Luxfer during the third quarter valued at $280,000. Aperio Group LLC lifted its position in Luxfer by 21.9% during the second quarter. Aperio Group LLC now owns 17,927 shares of the industrial products company’s stock valued at $313,000 after purchasing an additional 3,216 shares during the period. Granite Investment Partners LLC acquired a new position in shares of Luxfer in the second quarter worth about $400,000. Citadel Advisors LLC acquired a new position in shares of Luxfer in the second quarter worth about $619,000. Finally, Bank of Montreal Can raised its position in shares of Luxfer by 641.6% in the third quarter. Bank of Montreal Can now owns 35,604 shares of the industrial products company’s stock worth $828,000 after acquiring an additional 30,803 shares during the period. Institutional investors own 86.82% of the company’s stock.
About Luxfer (NYSE:LXFR)
Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for transportation, defense and emergency response, healthcare, and general industrial applications in Europe, North America, the Asia Pacific, and internationally.
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