Luxfer Holdings PLC (LXFR) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Shares of Luxfer Holdings PLC (NYSE:LXFR) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price objective of $24.00 for the company and are predicting that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also given Luxfer an industry rank of 101 out of 255 based on the ratings given to its competitors.

A number of analysts recently commented on the company. Zacks Investment Research lowered Luxfer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 18th. KeyCorp set a $24.00 price objective on Luxfer and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Finally, ValuEngine upgraded Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 22nd.

Shares of NYSE:LXFR traded up $0.95 during midday trading on Friday, reaching $26.61. The company’s stock had a trading volume of 137,328 shares, compared to its average volume of 111,575. Luxfer has a fifty-two week low of $12.25 and a fifty-two week high of $26.95.

Luxfer (NYSE:LXFR) last announced its earnings results on Wednesday, August 1st. The industrial products company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.09. The business had revenue of $128.20 million during the quarter.

The company also recently disclosed a dividend, which will be paid on Wednesday, November 7th. Investors of record on Friday, October 19th will be given a $0.125 dividend. This is a positive change from Luxfer’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, October 18th.

A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in shares of Luxfer during the 2nd quarter worth about $619,000. Aperio Group LLC grew its position in shares of Luxfer by 21.9% during the 2nd quarter. Aperio Group LLC now owns 17,927 shares of the industrial products company’s stock worth $313,000 after buying an additional 3,216 shares during the period. Russell Investments Group Ltd. grew its position in shares of Luxfer by 3,428.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 154,423 shares of the industrial products company’s stock worth $2,697,000 after buying an additional 150,047 shares during the period. Putnam Investments LLC acquired a new position in shares of Luxfer during the 2nd quarter worth about $1,061,000. Finally, Renaissance Technologies LLC grew its position in shares of Luxfer by 5.8% during the 2nd quarter. Renaissance Technologies LLC now owns 765,300 shares of the industrial products company’s stock worth $13,377,000 after buying an additional 42,000 shares during the period. Hedge funds and other institutional investors own 86.82% of the company’s stock.

About Luxfer

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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