Luxfer (NYSE:LXFR) Releases FY 2022 Earnings Guidance

Luxfer (NYSE:LXFRGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.35-$1.50 for the period, compared to the consensus estimate of $1.42. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Luxfer from a buy rating to a hold rating in a research note on Thursday, April 28th.

Luxfer Stock Performance

Shares of NYSE LXFR traded up $0.39 during midday trading on Friday, hitting $16.34. 150,668 shares of the company’s stock were exchanged, compared to its average volume of 139,784. The company’s 50 day moving average price is $15.68 and its 200 day moving average price is $16.59. The firm has a market capitalization of $461.41 million, a PE ratio of 19.69, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. Luxfer has a 12 month low of $14.26 and a 12 month high of $23.71. The company has a quick ratio of 1.01, a current ratio of 2.08 and a debt-to-equity ratio of 0.42.

Luxfer Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Friday, July 15th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, July 14th. This is an increase from Luxfer’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 3.18%. Luxfer’s payout ratio is 62.65%.

Institutional Trading of Luxfer

Several institutional investors have recently added to or reduced their stakes in the company. 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. Goldman Sachs Group Inc. raised its holdings in Luxfer by 34.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 869,677 shares of the industrial products company’s stock valued at $14,610,000 after acquiring an additional 221,349 shares in the last quarter. Engineers Gate Manager LP raised its holdings 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 acquiring an additional 1,497 shares in the last quarter. Invesco Ltd. raised its holdings 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 acquiring an additional 3,519 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Luxfer by 422.2% in the 1st quarter. Renaissance Technologies LLC now owns 91,900 shares of the industrial products company’s stock valued at $1,544,000 after acquiring an additional 74,300 shares in the last quarter. 94.58% of the stock is currently owned by institutional investors.

Luxfer Company Profile

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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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