Luxfer Holdings PLC (NYSE:LXFR) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other equities research analysts have also issued reports on the company. TheStreet upgraded Luxfer Holdings PLC from a “c+” rating to a “b” rating in a research report on Wednesday, May 17th. Zacks Investment Research upgraded Luxfer Holdings PLC from a “sell” rating to a “hold” rating and set a $14.00 price target for the company in a research report on Wednesday, May 10th.

Luxfer Holdings PLC (NYSE LXFR) traded down 0.70% during midday trading on Thursday, hitting $12.75. The stock had a trading volume of 102,648 shares. Luxfer Holdings PLC has a 12-month low of $9.28 and a 12-month high of $13.49. The company has a market cap of $336.59 million, a PE ratio of 17.02 and a beta of 0.82. The firm has a 50-day moving average of $12.56 and a 200-day moving average of $11.71.

Luxfer Holdings PLC (NYSE:LXFR) last posted its quarterly earnings results on Monday, May 8th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The business had revenue of $103.40 million during the quarter. Luxfer Holdings PLC had a return on equity of 16.02% and a net margin of 4.84%. Equities research analysts forecast that Luxfer Holdings PLC will post $1.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Investors of record on Friday, July 14th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, July 12th. This is a boost from Luxfer Holdings PLC’s previous quarterly dividend of $0.12. This represents a $0.50 dividend on an annualized basis and a yield of 3.92%. Luxfer Holdings PLC’s dividend payout ratio is currently 64.86%.

ILLEGAL ACTIVITY WARNING: “ValuEngine Upgrades Luxfer Holdings PLC (LXFR) to Buy” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/08/valuengine-upgrades-luxfer-holdings-plc-lxfr-to-buy.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp acquired a new position in Luxfer Holdings PLC during the first quarter worth approximately $140,000. Russell Investments Group Ltd. acquired a new position in Luxfer Holdings PLC during the fourth quarter worth approximately $151,000. Parametric Portfolio Associates LLC acquired a new position in Luxfer Holdings PLC during the first quarter worth approximately $174,000. Trexquant Investment LP acquired a new position in Luxfer Holdings PLC during the first quarter worth approximately $207,000. Finally, UBS Group AG boosted 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 worth $286,000 after buying an additional 7,666 shares in the last quarter. Hedge funds and other institutional investors own 84.52% of the company’s stock.

About Luxfer Holdings PLC

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.

Receive News & Ratings for Luxfer Holdings PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxfer Holdings PLC and related companies with MarketBeat.com's FREE daily email newsletter.