Luxfer (NYSE:LXFR – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $1.35-$1.50 for the period, compared to the consensus EPS estimate of $1.42. The company issued revenue guidance of -.
Luxfer Stock Up 2.4 %
Shares of NYSE LXFR traded up $0.39 during mid-day trading on Friday, reaching $16.34. 150,668 shares of the company’s stock were exchanged, compared to its average volume of 139,784. The firm has a market capitalization of $461.41 million, a price-to-earnings ratio of 19.69, a PEG ratio of 0.86 and a beta of 0.97. The company has a current ratio of 2.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $15.68 and a 200 day simple moving average of $16.59. Luxfer has a twelve month low of $14.26 and a twelve month high of $23.71.
Luxfer Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Friday, July 15th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, July 14th. This is a positive change from Luxfer’s previous quarterly dividend of $0.13. Luxfer’s dividend payout ratio (DPR) is currently 62.65%.
Analysts Set New Price Targets
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC bought a new stake in Luxfer in the 1st quarter valued at $42,000. BNP Paribas Arbitrage SA boosted its stake in Luxfer by 87.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 17,573 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 8,217 shares during the period. Engineers Gate Manager LP boosted its stake in Luxfer by 8.4% in the 1st quarter. Engineers Gate Manager LP now owns 19,314 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 1,497 shares during the period. Invesco Ltd. boosted its stake in Luxfer by 8.4% in the 1st quarter. Invesco Ltd. now owns 45,363 shares of the industrial products company’s stock valued at $762,000 after purchasing an additional 3,519 shares during the period. Finally, Swiss National Bank boosted its stake in Luxfer by 7.2% in the 1st quarter. Swiss National Bank now owns 65,500 shares of the industrial products company’s stock valued at $1,100,000 after purchasing an additional 4,400 shares during the period. 94.58% of the stock is currently owned by institutional investors.
Luxfer Company Profile
Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and emergency response, healthcare, transportation, and general industrial end-market applications. It operates in two segments, Elektron and Gas Cylinders.
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