Globeflex Capital L P Invests $101,000 in Luxfer Holdings PLC (NYSE:LXFR)

Globeflex Capital L P purchased a new position in Luxfer Holdings PLC (NYSE:LXFR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,700 shares of the industrial products company’s stock, valued at approximately $101,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LXFR. Royce & Associates LP lifted its stake in shares of Luxfer by 23.2% in the third quarter. Royce & Associates LP now owns 1,348,392 shares of the industrial products company’s stock worth $17,462,000 after buying an additional 253,670 shares in the last quarter. FMR LLC increased its position in Luxfer by 1.6% during the third quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock worth $35,299,000 after purchasing an additional 43,559 shares during the last quarter. BNP Paribas Financial Markets increased its position in Luxfer by 10.7% during the third quarter. BNP Paribas Financial Markets now owns 25,639 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 2,470 shares during the last quarter. Stifel Financial Corp increased its position in Luxfer by 75.8% during the third quarter. Stifel Financial Corp now owns 40,379 shares of the industrial products company’s stock worth $523,000 after purchasing an additional 17,405 shares during the last quarter. Finally, State Street Corp increased its position in Luxfer by 0.3% during the third quarter. State Street Corp now owns 558,847 shares of the industrial products company’s stock worth $7,237,000 after purchasing an additional 1,413 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st.

Luxfer Price Performance

Luxfer stock opened at $12.12 on Friday. Luxfer Holdings PLC has a 12-month low of $9.26 and a 12-month high of $15.64. The stock has a market cap of $324.01 million, a P/E ratio of 36.72, a PEG ratio of 1.85 and a beta of 0.93. The company has a 50-day moving average price of $13.39 and a 200 day moving average price of $13.24. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.

Luxfer (NYSE:LXFR) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. The business had revenue of $103.40 million during the quarter, compared to analysts’ expectations of $89.50 million. Sell-side analysts anticipate that Luxfer Holdings PLC will post 0.85 earnings per share for the current year.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 17th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Monday, January 27th. Luxfer’s dividend payout ratio is presently 76.47%.

About Luxfer

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.