Luxfer Holdings PLC (LXFR) Upgraded at Zacks Investment Research
Luxfer Holdings PLC (NYSE:LXFR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “
LXFR has been the subject of several other research reports. Credit Suisse Group AG reiterated a “buy” rating and issued a $16.00 target price on shares of Luxfer Holdings PLC in a research note on Sunday, July 10th. TheStreet cut shares of Luxfer Holdings PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th.
Luxfer Holdings PLC (NYSE:LXFR) opened at 10.11 on Wednesday. Luxfer Holdings PLC has a 1-year low of $9.17 and a 1-year high of $13.60. The company has a 50 day moving average price of $11.31 and a 200 day moving average price of $11.90. The firm has a market cap of $265.88 million, a PE ratio of 9.48 and a beta of 0.63.
Luxfer Holdings PLC (NYSE:LXFR) last released its earnings results on Tuesday, August 9th. The company reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. Luxfer Holdings PLC had a net margin of 6.56% and a return on equity of 18.51%. The business earned $111 million during the quarter, compared to analysts’ expectations of $113.92 million. On average, equities research analysts forecast that Luxfer Holdings PLC will post $1.14 earnings per share for the current year.
The firm also recently declared a dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Friday, October 14th will be paid a dividend of $0.125 per share. This is a boost from Luxfer Holdings PLC’s previous dividend of $0.12. The ex-dividend date of this dividend is Wednesday, October 12th. Luxfer Holdings PLC’s dividend payout ratio (DPR) is currently 42.59%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Luxfer Holdings PLC during the second quarter worth approximately $114,000. State Street Corp raised its stake in Luxfer Holdings PLC by 2.1% in the second quarter. State Street Corp now owns 16,322 shares of the company’s stock valued at $196,000 after buying an additional 337 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Luxfer Holdings PLC by 163.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 13,228 shares of the company’s stock valued at $159,000 after buying an additional 8,209 shares during the last quarter. Paradice Investment Management LLC raised its stake in Luxfer Holdings PLC by 9.0% in the second quarter. Paradice Investment Management LLC now owns 1,732,363 shares of the company’s stock valued at $20,840,000 after buying an additional 143,139 shares during the last quarter. Finally, Nationwide Fund Advisors purchased a new stake in Luxfer Holdings PLC during the second quarter valued at $1,026,000. Hedge funds and other institutional investors own 84.65% of the company’s stock.
Luxfer Holdings PLC Company Profile
Luxfer Holdings PLC is a holding company. The Company is a global materials technology company specializing in the design, manufacture and supply of materials, components and high-pressure gas-containment devices for healthcare, environmental, protection and specialty end-markets. Its segments include Elektron division and Gas Cylinders division.
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