Luxfer (NYSE:LXFR – Get Rating) posted its quarterly earnings data on Monday. The industrial products company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04, MarketWatch Earnings reports. The firm had revenue of $97.00 million during the quarter, compared to analysts’ expectations of $97.68 million. Luxfer had a net margin of 7.99% and a return on equity of 17.79%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS.
Shares of LXFR stock opened at $17.08 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.95 and a debt-to-equity ratio of 0.29. Luxfer has a 52 week low of $15.34 and a 52 week high of $23.91. The stock has a market capitalization of $470.21 million, a PE ratio of 15.96, a P/E/G ratio of 1.04 and a beta of 1.01. The firm has a 50 day moving average of $17.58 and a two-hundred day moving average of $18.76.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 4th. Shareholders of record on Thursday, April 14th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, April 13th. This is a boost from Luxfer’s previous quarterly dividend of $0.13. Luxfer’s dividend payout ratio (DPR) is currently 48.60%.
Several institutional investors and hedge funds have recently made changes to their positions in LXFR. Morgan Stanley raised its holdings in shares of Luxfer by 1,323.4% in the 2nd quarter. Morgan Stanley now owns 26,375 shares of the industrial products company’s stock valued at $587,000 after purchasing an additional 24,522 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Luxfer in the 2nd quarter valued at $648,000. Dimensional Fund Advisors LP acquired a new stake in shares of Luxfer in the 3rd quarter valued at $739,000. Invesco Ltd. raised its holdings in shares of Luxfer by 9.0% in the 3rd quarter. Invesco Ltd. now owns 45,076 shares of the industrial products company’s stock valued at $885,000 after purchasing an additional 3,720 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Luxfer by 39.2% in the 3rd quarter. Royal Bank of Canada now owns 3,497 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 984 shares in the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.
About Luxfer (Get Rating)
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, Gas Cylinders and Elektron.
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