ValuEngine upgraded shares of Luxfer (NYSE:LXFR) from a hold rating to a buy rating in a research note issued to investors on Friday morning.
A number of other research firms have also weighed in on LXFR. Zacks Investment Research raised shares of Luxfer from a strong sell rating to a hold rating in a research note on Wednesday, October 11th. BidaskClub raised shares of Luxfer from a hold rating to a buy rating in a research note on Friday, October 27th.
Shares of Luxfer (LXFR) opened at $13.93 on Friday. The stock has a market cap of $371.39, a price-to-earnings ratio of 15.45 and a beta of 0.77. Luxfer has a one year low of $10.85 and a one year high of $16.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.22 and a current ratio of 2.34.
Luxfer (NYSE:LXFR) last issued its earnings results on Monday, November 6th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $115.20 million during the quarter. Luxfer had a net margin of 4.04% and a return on equity of 15.13%. sell-side analysts predict that Luxfer will post 1.05 EPS for the current fiscal year.
The firm also recently disclosed a None dividend, which will be paid on Wednesday, February 7th. Investors of record on Friday, January 19th will be paid a $0.125 dividend. The ex-dividend date is Thursday, January 18th. This is a positive change from Luxfer’s previous None dividend of $0.12. This represents a yield of 3.33%. Luxfer’s dividend payout ratio is 78.13%.
A number of large investors have recently added to or reduced their stakes in LXFR. Wells Fargo & Company MN lifted its stake in Luxfer by 1.5% in the second quarter. Wells Fargo & Company MN now owns 192,039 shares of the industrial products company’s stock worth $2,456,000 after acquiring an additional 2,879 shares during the period. FMR LLC lifted its stake in Luxfer by 42.2% in the second quarter. FMR LLC now owns 2,389,830 shares of the industrial products company’s stock worth $30,566,000 after acquiring an additional 709,264 shares during the period. Parametric Portfolio Associates LLC lifted its stake in Luxfer by 11.1% in the second quarter. Parametric Portfolio Associates LLC now owns 15,916 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 1,589 shares during the period. State Street Corp lifted its stake in Luxfer by 1.3% in the second quarter. State Street Corp now owns 16,786 shares of the industrial products company’s stock worth $215,000 after acquiring an additional 222 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Luxfer by 13.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 113,642 shares of the industrial products company’s stock worth $1,453,000 after acquiring an additional 13,500 shares during the period. 85.57% of the stock is owned by institutional investors.
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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.
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