Luxfer Holdings PLC (LXFR) Rating Increased to B at TheStreet
Luxfer Holdings PLC (NYSE:LXFR) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Wednesday.
Separately, Zacks Investment Research raised Luxfer Holdings PLC from a “sell” rating to a “hold” rating and set a $14.00 price objective for the company in a research note on Wednesday, May 10th.
Shares of Luxfer Holdings PLC (NYSE:LXFR) traded up 2.7595% during midday trading on Wednesday, reaching $12.6497. 31,873 shares of the company were exchanged. The company has a 50 day moving average price of $11.69 and a 200-day moving average price of $11.25. The stock has a market capitalization of $333.94 million, a P/E ratio of 16.8888 and a beta of 0.85. Luxfer Holdings PLC has a 12-month low of $9.28 and a 12-month high of $13.50.
Luxfer Holdings PLC (NYSE:LXFR) last posted its quarterly earnings data on Monday, May 8th. The industrial products company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.07. The firm had revenue of $103.40 million during the quarter. Luxfer Holdings PLC had a return on equity of 17.81% and a net margin of 6.13%. On average, analysts forecast that Luxfer Holdings PLC will post $1.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 3rd. Shareholders of record on Thursday, April 13th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Tuesday, April 11th. Luxfer Holdings PLC’s dividend payout ratio is presently 49.48%.
Hedge funds have recently bought and sold shares of the stock. Karp Capital Management Corp acquired a new position in Luxfer Holdings PLC during the first quarter valued at about $140,000. Russell Investments Group Ltd. acquired a new position in Luxfer Holdings PLC during the fourth quarter valued at about $151,000. Parametric Portfolio Associates LLC acquired a new position in Luxfer Holdings PLC during the first quarter valued at about $174,000. State Street Corp boosted its position in Luxfer Holdings PLC by 2.3% in the fourth quarter. State Street Corp now owns 16,194 shares of the industrial products company’s stock valued at $176,000 after buying an additional 366 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Luxfer Holdings PLC during the first quarter valued at about $207,000. 88.01% of the stock is owned by hedge funds and other institutional investors.
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.
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