Connor Clark & Lunn Investment Management Ltd. Has $1.50 Million Stake in Luxfer Holdings PLC (NYSE:LXFR)

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in Luxfer Holdings PLC (NYSE:LXFR) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,385 shares of the industrial products company’s stock after selling 12,170 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.43% of Luxfer worth $1,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LXFR. FMR LLC increased its position in Luxfer by 1.6% in the 3rd quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock valued at $35,299,000 after acquiring an additional 43,559 shares in the last quarter. Barclays PLC grew its stake in shares of Luxfer by 64.2% during the third quarter. Barclays PLC now owns 66,809 shares of the industrial products company’s stock valued at $865,000 after purchasing an additional 26,112 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Luxfer by 75.8% in the third quarter. Stifel Financial Corp now owns 40,379 shares of the industrial products company’s stock valued at $523,000 after purchasing an additional 17,405 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Luxfer by 129.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,727 shares of the industrial products company’s stock worth $359,000 after buying an additional 15,641 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Luxfer by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 627,817 shares of the industrial products company’s stock valued at $8,132,000 after buying an additional 15,030 shares during the period. 90.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Shares of LXFR opened at $12.14 on Thursday. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The stock has a market cap of $324.54 million, a P/E ratio of 36.78, a price-to-earnings-growth ratio of 1.85 and a beta of 0.93. The stock’s 50-day moving average price is $13.35 and its two-hundred day moving average price is $13.27. Luxfer Holdings PLC has a 1 year low of $9.26 and a 1 year high of $15.64.

Luxfer (NYSE:LXFR) last issued its quarterly earnings data 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. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. The business had revenue of $103.40 million for the quarter, compared to the consensus estimate of $89.50 million. On average, equities analysts predict that Luxfer Holdings PLC will post 0.85 earnings per share for the current year.

Luxfer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Monday, January 27th. Luxfer’s dividend payout ratio (DPR) is presently 76.47%.

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.