Fmr LLC increased its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 44.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,680,566 shares of the industrial products company’s stock after buying an additional 518,357 shares during the period. Fmr LLC owned 6.36% of Luxfer Holdings PLC worth $20,436,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LXFR. Wellington Management Group LLP increased its stake in shares of Luxfer Holdings PLC by 1.4% in the first quarter. Wellington Management Group LLP now owns 3,544,918 shares of the industrial products company’s stock valued at $43,106,000 after buying an additional 50,120 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in Luxfer Holdings PLC by 47.0% in the first quarter. Deprince Race & Zollo Inc. now owns 1,402,622 shares of the industrial products company’s stock worth $17,056,000 after buying an additional 448,491 shares during the period. Robecosam AG increased its position in Luxfer Holdings PLC by 9.3% in the first quarter. Robecosam AG now owns 410,000 shares of the industrial products company’s stock worth $4,957,000 after buying an additional 35,000 shares during the period. Norges Bank purchased a new position in Luxfer Holdings PLC during the fourth quarter worth approximately $2,569,000. Finally, Wells Fargo & Company MN increased its position in Luxfer Holdings PLC by 0.5% in the first quarter. Wells Fargo & Company MN now owns 189,160 shares of the industrial products company’s stock worth $2,300,000 after buying an additional 999 shares during the period. 84.52% of the stock is currently owned by institutional investors.
Luxfer Holdings PLC (NYSE:LXFR) opened at 12.65 on Tuesday. The firm’s 50-day moving average is $12.56 and its 200 day moving average is $11.71. Luxfer Holdings PLC has a 52-week low of $9.28 and a 52-week high of $13.49. The stock has a market capitalization of $333.95 million, a PE ratio of 16.89 and a beta of 0.82.
Luxfer Holdings PLC (NYSE:LXFR) last posted its earnings results on Monday, May 8th. The industrial products company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.07. The company had revenue of $103.40 million for the quarter. Luxfer Holdings PLC had a net margin of 4.84% and a return on equity of 16.02%. On average, equities analysts forecast that Luxfer Holdings PLC will post $1.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 2nd. Shareholders of record on Friday, July 14th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, July 12th. This is a positive change from Luxfer Holdings PLC’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a yield of 3.95%. Luxfer Holdings PLC’s dividend payout ratio (DPR) is 64.86%.
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LXFR has been the subject of a number of research reports. ValuEngine upgraded Luxfer Holdings PLC from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research cut Luxfer Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, TheStreet raised Luxfer Holdings PLC from a “c+” rating to a “b” rating in a report on Wednesday, May 17th.
About Luxfer Holdings PLC
Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.
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