Millennium Management LLC increased its position in Luxfer Holdings PLC (NYSE:LXFR) by 62.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 375,802 shares of the industrial products company’s stock after purchasing an additional 143,867 shares during the quarter. Millennium Management LLC owned approximately 1.42% of Luxfer worth $6,569,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in LXFR. Aperio Group LLC increased its position in Luxfer by 21.9% in the second quarter. Aperio Group LLC now owns 17,927 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 3,216 shares during the period. Granite Investment Partners LLC acquired a new position in shares of Luxfer during the 2nd quarter worth about $400,000. Citadel Advisors LLC acquired a new position in shares of Luxfer during the 2nd quarter worth about $619,000. TD Asset Management Inc. grew its position in shares of Luxfer by 19.5% during the 2nd quarter. TD Asset Management Inc. now owns 50,200 shares of the industrial products company’s stock worth $877,000 after buying an additional 8,200 shares during the period. Finally, Engine Capital Management LP acquired a new position in shares of Luxfer during the 2nd quarter worth about $1,795,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.
Luxfer stock opened at $21.63 on Friday. The stock has a market cap of $614.15 million, a PE ratio of 22.77 and a beta of 0.91. Luxfer Holdings PLC has a 1 year low of $12.06 and a 1 year high of $24.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.43 and a quick ratio of 1.10.
Luxfer (NYSE:LXFR) last posted its earnings results on Wednesday, August 1st. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.09. The company had revenue of $128.20 million during the quarter. Luxfer had a return on equity of 19.79% and a net margin of 4.51%. Equities analysts forecast that Luxfer Holdings PLC will post 1.45 EPS for the current year.
The firm also recently disclosed a dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Friday, October 19th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, October 18th. This is a boost from Luxfer’s previous dividend of $0.12. Luxfer’s payout ratio is 26.32%.
Several research firms have recently issued reports on LXFR. Zacks Investment Research upgraded Luxfer from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research report on Thursday, August 9th. KeyCorp restated a “buy” rating and set a $23.00 target price (up from $19.00) on shares of Luxfer in a research report on Monday, August 6th. Finally, ValuEngine upgraded Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 22nd.
Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for transportation, defense and emergency response, healthcare, and general industrial applications in Europe, North America, the Asia Pacific, and internationally.
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