Luxfer (NYSE:LXFR) Stock Crosses Above Two Hundred Day Moving Average of $9.92

Luxfer Holdings PLC (NYSE:LXFR)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.92 and traded as high as $11.49. Luxfer shares last traded at $11.46, with a volume of 115,056 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Luxfer from a “hold” rating to a “buy” rating in a research note on Monday, May 13th.

Luxfer Price Performance

The company has a quick ratio of 1.33, a current ratio of 2.56 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $314.12 million, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. The stock’s 50-day moving average price is $11.36 and its 200-day moving average price is $9.92.

Luxfer (NYSE:LXFR) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.12. The company had revenue of $89.40 million for the quarter, compared to analyst estimates of $82.90 million. Luxfer had a net margin of 0.08% and a return on equity of 6.59%. Equities research analysts anticipate that Luxfer Holdings PLC will post 0.77 earnings per share for the current year.

Luxfer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Friday, April 19th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, April 18th. This represents a $0.52 annualized dividend and a yield of 4.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of Luxfer by 208.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 261,248 shares of the industrial products company’s stock valued at $3,409,000 after buying an additional 176,603 shares during the last quarter. FMR LLC increased its position in Luxfer by 7.6% during the third quarter. FMR LLC now owns 2,692,233 shares of the industrial products company’s stock worth $35,134,000 after buying an additional 190,922 shares during the last quarter. Algert Global LLC raised its stake in Luxfer by 27.1% in the third quarter. Algert Global LLC now owns 71,670 shares of the industrial products company’s stock valued at $935,000 after buying an additional 15,300 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Luxfer by 180.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,636 shares of the industrial products company’s stock worth $530,000 after acquiring an additional 26,149 shares during the period. Finally, Earnest Partners LLC increased its holdings in shares of Luxfer by 77.8% during the 3rd quarter. Earnest Partners LLC now owns 731,774 shares of the industrial products company’s stock worth $9,550,000 after acquiring an additional 320,282 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

Luxfer Company Profile

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.