Luxfer Holdings PLC (NYSE:LXFR) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday.
Several other equities research analysts have also recently issued reports on the company. TheStreet raised Luxfer Holdings PLC from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. Zacks Investment Research raised Luxfer Holdings PLC from a “sell” rating to a “hold” rating and set a $14.00 target price on the stock in a report on Wednesday, May 10th.
Luxfer Holdings PLC (NYSE LXFR) opened at 12.75 on Thursday. Luxfer Holdings PLC has a 12-month low of $9.28 and a 12-month high of $13.49. The stock has a 50 day moving average price of $12.56 and a 200-day moving average price of $11.71. The stock has a market capitalization of $336.59 million, a PE ratio of 17.02 and a beta of 0.82.
Luxfer Holdings PLC (NYSE:LXFR) last issued its earnings results on Monday, May 8th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.07. Luxfer Holdings PLC had a return on equity of 16.02% and a net margin of 4.84%. The firm had revenue of $103.40 million for the quarter. On average, equities analysts anticipate that Luxfer Holdings PLC will post $1.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Friday, July 14th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.50 annualized dividend and a yield of 3.92%. This is a positive change from Luxfer Holdings PLC’s previous quarterly dividend of $0.12. Luxfer Holdings PLC’s dividend payout ratio (DPR) is currently 64.86%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in Luxfer Holdings PLC by 0.5% in the first quarter. Wells Fargo & Company MN now owns 189,160 shares of the industrial products company’s stock valued at $2,300,000 after buying an additional 999 shares in the last quarter. Renaissance Group LLC raised its position in Luxfer Holdings PLC by 8.2% in the first quarter. Renaissance Group LLC now owns 27,942 shares of the industrial products company’s stock valued at $340,000 after buying an additional 2,107 shares in the last quarter. UBS Group AG raised its position in Luxfer Holdings PLC by 48.4% in the first quarter. UBS Group AG now owns 23,506 shares of the industrial products company’s stock valued at $286,000 after buying an additional 7,666 shares in the last quarter. Karp Capital Management Corp bought a new position in Luxfer Holdings PLC during the first quarter valued at approximately $140,000. Finally, Renaissance Technologies LLC raised its position in Luxfer Holdings PLC by 3.0% in the first quarter. Renaissance Technologies LLC now owns 412,500 shares of the industrial products company’s stock valued at $5,016,000 after buying an additional 12,000 shares in the last quarter. Institutional investors own 84.52% of the company’s stock.
Luxfer Holdings PLC Company Profile
Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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