Luxfer Holdings PLC (NYSE:LXFR) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target of $30.00 for the company and are forecasting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given Luxfer an industry rank of 81 out of 257 based on the ratings given to its competitors.
Several research analysts have weighed in on the stock. KeyCorp upped their target price on shares of Luxfer from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, November 5th. ValuEngine upgraded shares of Luxfer from a “buy” rating to a “strong-buy” rating in a research 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 target on the stock in a research report on Thursday, August 9th.
The firm also recently declared a dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, October 19th were given a $0.125 dividend. The ex-dividend date was Thursday, October 18th. This is a positive change from Luxfer’s previous dividend of $0.12. Luxfer’s dividend payout ratio is currently 13.68%.
Several hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in shares of Luxfer during the third quarter valued at approximately $275,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Luxfer during the third quarter valued at approximately $280,000. Aperio Group LLC lifted its stake in shares of 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 buying an additional 3,216 shares during the period. Granite Investment Partners LLC purchased a new position in shares of Luxfer during the second quarter valued at approximately $400,000. Finally, Citadel Advisors LLC purchased a new position in shares of Luxfer during the second quarter valued at approximately $619,000. Institutional investors and hedge funds own 95.65% 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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