Luxfer Holdings PLC (NYSE:LXFR) – Investment analysts at KeyCorp lifted their FY2018 earnings per share estimates for shares of Luxfer in a note issued to investors on Sunday, November 4th. KeyCorp analyst P. Gibbs now anticipates that the industrial products company will post earnings of $1.67 per share for the year, up from their prior estimate of $1.45. KeyCorp has a “Overweight” rating and a $30.00 price objective on the stock. KeyCorp also issued estimates for Luxfer’s Q4 2018 earnings at $0.31 EPS and FY2019 earnings at $1.90 EPS.
Several other analysts also recently issued reports on the company. ValuEngine raised Luxfer from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 22nd. Zacks Investment Research raised Luxfer from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research note on Thursday, August 9th.
Shares of LXFR opened at $26.87 on Tuesday. The company has a market cap of $702.90 million, a P/E ratio of 18.10 and a beta of 0.75. Luxfer has a 12-month low of $12.25 and a 12-month high of $27.29. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.44.
The company also recently declared a dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Friday, October 19th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, October 18th. This is a boost from Luxfer’s previous dividend of $0.12. Luxfer’s dividend payout ratio (DPR) is currently 13.68%.
Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of Luxfer by 1.1% in the 3rd quarter. Wells Fargo & Company MN now owns 183,855 shares of the industrial products company’s stock worth $4,275,000 after purchasing an additional 1,961 shares during the period. Monarch Partners Asset Management LLC purchased a new position in shares of Luxfer in the 3rd quarter worth approximately $979,000. Acadian Asset Management LLC boosted its holdings in shares of Luxfer by 37.7% in the 3rd quarter. Acadian Asset Management LLC now owns 590,208 shares of the industrial products company’s stock worth $13,720,000 after purchasing an additional 161,559 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Luxfer by 108.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 321,664 shares of the industrial products company’s stock worth $7,473,000 after purchasing an additional 167,241 shares during the period. Finally, Essex Investment Management Co. LLC boosted its holdings in shares of Luxfer by 4.2% in the 3rd quarter. Essex Investment Management Co. LLC now owns 111,413 shares of the industrial products company’s stock worth $2,590,000 after purchasing an additional 4,516 shares during the period. Hedge funds and other institutional investors own 87.45% of the company’s stock.
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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