Luxfer (NYSE:LXFR) Announces Earnings Results, Beats Expectations By $0.01 EPS

Luxfer (NYSE:LXFR) issued its earnings results on Tuesday. The industrial products company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01, FiscalAI reports. Luxfer had a return on equity of 12.14% and a net margin of 1.56%.The firm had revenue of $95.70 million for the quarter, compared to the consensus estimate of $90.30 million.

Luxfer Stock Down 0.3%

Shares of NYSE LXFR traded down $0.04 during mid-day trading on Tuesday, reaching $17.08. 586,349 shares of the company traded hands, compared to its average volume of 187,748. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.75. The stock has a market cap of $461.25 million, a PE ratio of 77.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12. The company’s fifty day moving average is $17.36 and its two-hundred day moving average is $15.11. Luxfer has a fifty-two week low of $11.19 and a fifty-two week high of $19.45.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Friday, July 17th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, July 17th. Luxfer’s dividend payout ratio is 236.36%.

Insiders Place Their Bets

In other Luxfer news, Director Clive Snowdon sold 4,015 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total transaction of $60,425.75. Following the transaction, the director owned 26,841 shares in the company, valued at $403,957.05. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sylvia Ann Stein sold 4,010 shares of Luxfer stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total transaction of $60,350.50. Following the completion of the transaction, the director directly owned 14,844 shares in the company, valued at approximately $223,402.20. This represents a 21.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,368 shares of company stock worth $321,588 in the last three months. 2.00% of the stock is owned by insiders.

Institutional Trading of Luxfer

A number of institutional investors and hedge funds have recently modified their holdings of LXFR. First Trust Advisors LP grew its stake in Luxfer by 2.3% in the 4th quarter. First Trust Advisors LP now owns 84,480 shares of the industrial products company’s stock valued at $1,143,000 after buying an additional 1,918 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Luxfer by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,540 shares of the industrial products company’s stock worth $1,063,000 after acquiring an additional 635 shares during the period. Barclays PLC lifted its position in Luxfer by 6.1% during the 4th quarter. Barclays PLC now owns 70,947 shares of the industrial products company’s stock worth $960,000 after acquiring an additional 4,055 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Luxfer by 125.5% during the third quarter. Franklin Resources Inc. now owns 43,293 shares of the industrial products company’s stock valued at $602,000 after acquiring an additional 24,094 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in Luxfer by 2.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 42,034 shares of the industrial products company’s stock valued at $569,000 after acquiring an additional 902 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.

More Luxfer News

Here are the key news stories impacting Luxfer this week:

• Positive Sentiment: Luxfer agreed to be acquired by an affiliate of Wynnchurch Capital in an all-cash transaction valued at approximately $463 million. Shareholders would receive $17.37 per ordinary share, and the company would become privately held after closing. The transaction was unanimously approved by the directors in attendance, providing a defined cash value for investors. Luxfer Enters Into Agreement to Be Acquired for $17.37 Per Share in All-Cash Transaction
• Neutral Sentiment: The takeover announcement caused trading in LXFR to be temporarily halted pending news. With the stock below the proposed cash consideration, the market is pricing in a deal-spread discount tied to closing uncertainty rather than continued exposure to Luxfer’s long-term operating performance. Wynnchurch Capital to Acquire Luxfer Holdings PLC in Take-Private Transaction
• Negative Sentiment: Halper Sadeh, Monteverde & Associates, and Brodsky & Smith separately announced investigations into the transaction. The firms are examining whether Luxfer’s board obtained the best price reasonably available and whether shareholders received sufficient information. These announcements could increase legal, procedural, or timing risks, although such investigations do not by themselves prevent the deal from closing. Halper Sadeh Investigation

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LXFR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a research note on Thursday, June 18th. Freedom Capital raised Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Wall Street Zen downgraded Luxfer from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. Finally, Zacks Research lowered shares of Luxfer from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Luxfer Company Profile

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.