Luxfer (NYSE:LXFR) Announces Earnings Results, Beats Expectations By $0.02 EPS

Luxfer (NYSE:LXFR) posted its earnings results on Tuesday. The industrial products company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02, Zacks reports. Luxfer had a net margin of 3.60% and a return on equity of 11.58%.

Luxfer Stock Up 2.3%

Luxfer stock traded up $0.34 during midday trading on Tuesday, reaching $15.51. The company’s stock had a trading volume of 92,474 shares, compared to its average volume of 123,770. Luxfer has a 52-week low of $9.41 and a 52-week high of $16.02. The stock has a market capitalization of $414.53 million, a P/E ratio of 29.27, a PEG ratio of 1.83 and a beta of 1.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.66 and a quick ratio of 0.71. The stock’s 50-day simple moving average is $14.75 and its 200-day simple moving average is $13.65.

Luxfer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 4th. Investors of record on Friday, January 23rd were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, January 23rd. Luxfer’s payout ratio is 98.11%.

Hedge Funds Weigh In On Luxfer

Several hedge funds have recently made changes to their positions in the company. State of Tennessee Department of Treasury acquired a new position in Luxfer in the 4th quarter worth approximately $235,000. Empowered Funds LLC boosted its position in Luxfer by 10.7% during the fourth quarter. Empowered Funds LLC now owns 113,183 shares of the industrial products company’s stock worth $1,531,000 after purchasing an additional 10,897 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Luxfer during the 4th quarter valued at approximately $416,000. Bridgeway Capital Management LLC grew its position in shares of Luxfer by 6.1% in 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 purchasing an additional 10,897 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Luxfer by 1.0% in the 4th quarter. AQR Capital Management LLC now owns 427,838 shares of the industrial products company’s stock worth $5,789,000 after buying an additional 4,110 shares during the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

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.