Luxfer (LXFR) Reaches New 1-Year High at $27.96

Luxfer Holdings PLC (NYSE:LXFR) reached a new 52-week high during trading on Wednesday . The company traded as high as $27.96 and last traded at $27.53, with a volume of 5676 shares. The stock had previously closed at $26.96.

A number of research analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Luxfer from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Monday. ValuEngine upgraded shares of Luxfer from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 22nd. Finally, Zacks Investment Research upgraded shares of Luxfer from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Thursday, August 9th.

The firm has a market cap of $702.90 million, a PE ratio of 29.04 and a beta of 0.75. The company has a current ratio of 2.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

The firm also recently disclosed a dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Friday, October 19th will be issued a dividend of $0.125 per share. This is a boost from Luxfer’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, October 18th. Luxfer’s dividend payout ratio (DPR) is currently 13.68%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LXFR. Millennium Management LLC lifted its position in shares of Luxfer by 378.0% during the first quarter. Millennium Management LLC now owns 231,935 shares of the industrial products company’s stock valued at $2,969,000 after purchasing an additional 183,416 shares in the last quarter. Granahan Investment Management Inc. MA bought a new position in shares of Luxfer during the second quarter valued at about $3,021,000. Russell Investments Group Ltd. lifted its position in shares of Luxfer by 108.3% during the third quarter. Russell Investments Group Ltd. now owns 321,664 shares of the industrial products company’s stock valued at $7,473,000 after purchasing an additional 167,241 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Luxfer by 37.7% during the third quarter. Acadian Asset Management LLC now owns 590,208 shares of the industrial products company’s stock valued at $13,720,000 after purchasing an additional 161,559 shares in the last quarter. Finally, Engine Capital Management LP bought a new position in shares of Luxfer during the second quarter valued at about $1,795,000. 87.45% of the stock is currently owned by institutional investors.

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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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