Luxfer (NYSE:LXFR) Share Price Crosses Above 200-Day Moving Average of $10.01

Shares of Luxfer Holdings PLC (NYSE:LXFR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.01 and traded as high as $11.63. Luxfer shares last traded at $11.46, with a volume of 89,281 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 report on Monday, May 13th.

Luxfer Stock Up 0.6 %

The stock’s 50-day simple moving average is $11.57 and its 200 day simple moving average is $10.01. 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 firm has a market cap of $314.12 million, a P/E ratio of 21.90, a PEG ratio of 2.11 and a beta of 0.94.

Luxfer (NYSE:LXFR) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.06 by $0.12. Luxfer had a return on equity of 6.59% and a net margin of 0.08%. The business had revenue of $89.40 million during the quarter, compared to analysts’ expectations of $82.90 million. As a group, research analysts forecast that Luxfer Holdings PLC will post 0.77 EPS for the current fiscal year.

Luxfer Announces Dividend

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

Institutional Trading of Luxfer

Several large investors have recently made changes to their positions in LXFR. Vanguard Group Inc. boosted its holdings in Luxfer by 188.8% in the first quarter. Vanguard Group Inc. now owns 1,685,338 shares of the industrial products company’s stock worth $17,477,000 after acquiring an additional 1,101,856 shares in the last quarter. Invenomic Capital Management LP bought a new stake in shares of Luxfer during the first quarter worth about $2,841,000. Kennedy Capital Management LLC acquired a new stake in shares of Luxfer in the 1st quarter worth about $2,242,000. Envestnet Asset Management Inc. lifted its position in 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 acquiring an additional 176,603 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in Luxfer by 56.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 427,153 shares of the industrial products company’s stock valued at $3,819,000 after purchasing an additional 154,085 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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.