Luxfer Holdings PLC (LXFR) To Go Ex-Dividend on April 17th

Luxfer Holdings PLC (NYSE:LXFR) declared a quarterly dividend on Wednesday, April 8th. Investors of record on Friday, April 17th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, May 6th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, April 17th.

Luxfer has raised its dividend payment by an average of 0.0%annually over the last three years. Luxfer has a dividend payout ratio of 44.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Luxfer to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 53.6%.

Luxfer Stock Down 0.4%

Shares of Luxfer stock opened at $13.31 on Wednesday. The company has a market cap of $354.58 million, a price-to-earnings ratio of 45.90, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98. The company’s 50 day moving average is $13.30 and its 200 day moving average is $13.42. Luxfer has a twelve month low of $9.46 and a twelve month high of $16.02. The company has a quick ratio of 0.73, a current ratio of 1.67 and a debt-to-equity ratio of 0.06.

Institutional Trading of Luxfer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Tennessee Department of Treasury purchased a new stake in Luxfer during the fourth quarter valued at approximately $235,000. Empowered Funds LLC increased its holdings in Luxfer by 10.7% during the fourth quarter. Empowered Funds LLC now owns 113,183 shares of the industrial products company’s stock valued at $1,531,000 after buying an additional 10,897 shares during the last quarter. Millennium Management LLC purchased a new stake in Luxfer during the fourth quarter valued at approximately $416,000. Bridgeway Capital Management LLC increased its holdings in Luxfer by 6.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 188,283 shares of the industrial products company’s stock valued at $2,547,000 after buying an additional 10,897 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Luxfer by 1.0% during the fourth quarter. AQR Capital Management LLC now owns 427,838 shares of the industrial products company’s stock valued at $5,789,000 after buying an additional 4,110 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

About Luxfer

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.