Bank of America Corp DE Increases Holdings in Luxfer Holdings PLC (NYSE:LXFR)

Bank of America Corp DE boosted its position in shares of Luxfer Holdings PLC (NYSE:LXFR) by 48.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,854,220 shares of the industrial products company’s stock after purchasing an additional 603,954 shares during the quarter. Bank of America Corp DE owned about 6.92% of Luxfer worth $24,272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Luxfer by 129.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,727 shares of the industrial products company’s stock valued at $359,000 after buying an additional 15,641 shares in the last quarter. SG Americas Securities LLC grew its holdings in Luxfer by 26.9% during the fourth quarter. SG Americas Securities LLC now owns 12,692 shares of the industrial products company’s stock worth $166,000 after acquiring an additional 2,690 shares during the period. R Squared Ltd acquired a new position in shares of Luxfer in the 4th quarter valued at $42,000. Rhumbline Advisers boosted its holdings in Luxfer by 5.6% during the fourth quarter. Rhumbline Advisers now owns 44,790 shares of the industrial products company’s stock worth $586,000 after buying an additional 2,382 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Luxfer by 20.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 60,530 shares of the industrial products company’s stock valued at $792,000 after purchasing an additional 10,140 shares during the period. 90.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Luxfer from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st.

Luxfer Price Performance

LXFR stock opened at $12.03 on Monday. Luxfer Holdings PLC has a 52-week low of $9.41 and a 52-week high of $15.64. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. The stock has a market cap of $327.66 million, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 1.85 and a beta of 1.09. The business has a fifty day moving average of $11.03 and a two-hundred day moving average of $12.81.

Luxfer (NYSE:LXFR) last posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The company had revenue of $103.40 million during the quarter, compared to analysts’ expectations of $89.50 million. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. As a group, research analysts anticipate that Luxfer Holdings PLC will post 0.85 earnings per share for the current year.

Luxfer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Friday, April 18th were paid a $0.13 dividend. The ex-dividend date was Thursday, April 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.32%. Luxfer’s dividend payout ratio (DPR) is presently 66.67%.

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 first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.