Separately, Zacks Investment Research raised shares of Luxfer from a hold rating to a buy rating and set a $28.00 price target for the company in a report on Tuesday, May 7th.
Shares of Luxfer stock traded up $0.48 during trading hours on Wednesday, hitting $26.06. The company’s stock had a trading volume of 873 shares, compared to its average volume of 177,838. Luxfer has a 1-year low of $16.17 and a 1-year high of $28.06. The firm has a market capitalization of $635.04 million, a P/E ratio of 14.63 and a beta of 1.12. The company has a quick ratio of 0.96, a current ratio of 1.92 and a debt-to-equity ratio of 0.47.
Luxfer (NYSE:LXFR) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.08). The firm had revenue of $120.40 million for the quarter, compared to analyst estimates of $115.00 million. Luxfer had a net margin of 2.11% and a return on equity of 24.27%. On average, research analysts expect that Luxfer will post 1.86 EPS for the current fiscal year.
The company also recently declared a dividend, which was paid on Wednesday, May 1st. Investors of record on Friday, April 12th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, April 11th.
In related news, Director David Landless sold 1,250 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $23.46, for a total transaction of $29,325.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Bonn sold 10,041 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $22.30, for a total transaction of $223,914.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,599 shares of company stock valued at $260,139. Company insiders own 1.46% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its position in Luxfer by 48.3% in the 3rd quarter. Morgan Stanley now owns 134,678 shares of the industrial products company’s stock valued at $3,131,000 after purchasing an additional 43,836 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Luxfer in the 4th quarter valued at about $34,000. Acadian Asset Management LLC lifted its position in Luxfer by 24.9% in the 4th quarter. Acadian Asset Management LLC now owns 736,997 shares of the industrial products company’s stock valued at $12,990,000 after purchasing an additional 146,789 shares during the last quarter. New York State Common Retirement Fund increased its stake in Luxfer by 11.5% during the 4th quarter. New York State Common Retirement Fund now owns 112,867 shares of the industrial products company’s stock valued at $1,990,000 after buying an additional 11,599 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Luxfer during the 4th quarter valued at about $234,000. 97.18% of the stock is owned by institutional investors and hedge funds.
Luxfer Company Profile
Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas cylinders for transportation, defense and emergency response, healthcare, and general industrial applications. It operates in two segments, Gas Cylinders and Elektron.
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