Luxfer (NYSE:LXFR) Stock Price Up 7.1%

Luxfer Holdings PLC (NYSE:LXFR) shares rose 7.1% on Tuesday . The company traded as high as $22.09 and last traded at $22.01. Approximately 2,303 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 92,689 shares. The stock had previously closed at $20.56.

Separately, Zacks Investment Research cut Luxfer from a “hold” rating to a “sell” rating in a report on Thursday, September 30th.

The firm has a fifty day moving average price of $20.43 and a 200-day moving average price of $21.13. The company has a quick ratio of 1.14, a current ratio of 2.13 and a debt-to-equity ratio of 0.26. The firm has a market cap of $586.47 million, a price-to-earnings ratio of 16.38, a PEG ratio of 1.42 and a beta of 1.09.

Luxfer (NYSE:LXFR) last issued its earnings results on Sunday, October 24th. The industrial products company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Luxfer had a return on equity of 18.59% and a net margin of 9.87%. The firm had revenue of $91.20 million during the quarter, compared to analysts’ expectations of $90.60 million. During the same period last year, the business posted $0.22 earnings per share. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. Equities research analysts anticipate that Luxfer Holdings PLC will post 1.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 3rd. Stockholders of record on Friday, October 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, October 14th. Luxfer’s payout ratio is 53.76%.

In related news, Director David Landless sold 4,000 shares of the firm’s stock in a transaction on Friday, July 30th. The stock was sold at an average price of $19.75, for a total transaction of $79,000.00. Following the transaction, the director now directly owns 6,223 shares in the company, valued at $122,904.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Kempen Capital Management N.V. grew its position in Luxfer by 4.1% in the second quarter. Kempen Capital Management N.V. now owns 1,901,543 shares of the industrial products company’s stock worth $42,310,000 after acquiring an additional 74,814 shares in the last quarter. BlackRock Inc. increased its stake in shares of Luxfer by 2.5% during the 2nd quarter. BlackRock Inc. now owns 1,694,120 shares of the industrial products company’s stock worth $37,694,000 after purchasing an additional 41,046 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Luxfer by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 1,053,002 shares of the industrial products company’s stock worth $23,429,000 after purchasing an additional 29,821 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Luxfer by 2.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 661,774 shares of the industrial products company’s stock worth $14,725,000 after purchasing an additional 14,061 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Luxfer by 1.2% in the 2nd quarter. Northern Trust Corp now owns 237,026 shares of the industrial products company’s stock valued at $5,273,000 after buying an additional 2,874 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

About Luxfer (NYSE:LXFR)

Luxfer Holdings Plc is a global producer of highly-engineered industrial materials, which specializes in the design and manufacture of high-performance products for transportation, defense and emergency response, healthcare, and general industrial purposes. It operates through the Gas Cylinder and Elektron segments.

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