ValuEngine Upgrades Luxfer Holdings PLC (LXFR) to Buy
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%.
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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.
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