Luxfer Holdings PLC (LXFR) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Luxfer Holdings PLC (NYSE:LXFR) from a buy rating to a hold rating in a report released on Wednesday, July 12th.

According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “

A number of other analysts also recently weighed in on the stock. ValuEngine raised shares of Luxfer Holdings PLC from a hold rating to a buy rating in a report on Thursday, July 6th. TheStreet raised shares of Luxfer Holdings PLC from a c+ rating to a b rating in a report on Wednesday, May 17th.

Shares of Luxfer Holdings PLC (NYSE:LXFR) opened at 12.09 on Wednesday. Luxfer Holdings PLC has a 12-month low of $9.28 and a 12-month high of $13.49. The stock’s 50 day moving average is $12.71 and its 200 day moving average is $11.98. The firm has a market cap of $319.16 million, a price-to-earnings ratio of 16.14 and a beta of 0.82.

Luxfer Holdings PLC (NYSE:LXFR) last issued its quarterly earnings results on Monday, May 8th. The industrial products company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.07. Luxfer Holdings PLC had a net margin of 6.38% and a return on equity of 17.93%. The company had revenue of $103.40 million during the quarter. Equities analysts expect that Luxfer Holdings PLC will post $1.06 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Friday, July 14th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Wednesday, July 12th. This is an increase from Luxfer Holdings PLC’s previous quarterly dividend of $0.12. Luxfer Holdings PLC’s dividend payout ratio is 82.76%.

Hedge funds have recently modified their holdings of the company. Paradice Investment Management LLC increased its stake in shares of Luxfer Holdings PLC by 0.8% in the second quarter. Paradice Investment Management LLC now owns 1,746,663 shares of the industrial products company’s stock worth $22,340,000 after buying an additional 14,300 shares during the period. Renaissance Group LLC increased its stake in shares of Luxfer Holdings PLC by 10.6% in the second quarter. Renaissance Group LLC now owns 30,913 shares of the industrial products company’s stock worth $395,000 after buying an additional 2,971 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Luxfer Holdings PLC by 4.9% in the second quarter. Deprince Race & Zollo Inc. now owns 1,470,731 shares of the industrial products company’s stock worth $18,811,000 after buying an additional 68,109 shares during the period. TD Asset Management Inc. boosted its position in Luxfer Holdings PLC by 24.7% in the second quarter. TD Asset Management Inc. now owns 37,300 shares of the industrial products company’s stock worth $477,000 after buying an additional 7,400 shares in the last quarter. Finally, Baker Ellis Asset Management LLC boosted its position in Luxfer Holdings PLC by 6.7% in the second quarter. Baker Ellis Asset Management LLC now owns 11,200 shares of the industrial products company’s stock worth $143,000 after buying an additional 700 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

About Luxfer Holdings PLC

Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.

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