Zacks Investment Research upgraded shares of Luxfer Holdings PLC (NYSE:LXFR) from a hold rating to a buy rating in a report released on Saturday morning. The brokerage currently has $15.00 target price on the industrial products company’s stock.
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 have also commented on LXFR. BidaskClub lowered Luxfer Holdings PLC from a buy rating to a hold rating in a research note on Tuesday, November 7th. ValuEngine raised Luxfer Holdings PLC from a hold rating to a buy rating in a research note on Wednesday, October 11th.
Shares of Luxfer Holdings PLC (NYSE:LXFR) opened at $13.53 on Friday. Luxfer Holdings PLC has a 52 week low of $9.76 and a 52 week high of $13.84. The firm has a market capitalization of $353.96, a P/E ratio of 14.73 and a beta of 0.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.22 and a current ratio of 2.34.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Monday, October 16th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Friday, October 13th. Luxfer Holdings PLC’s payout ratio is 75.00%.
A number of hedge funds have recently made changes to their positions in LXFR. FMR LLC lifted its stake in Luxfer Holdings PLC by 42.2% in the second quarter. FMR LLC now owns 2,389,830 shares of the industrial products company’s stock worth $30,566,000 after acquiring an additional 709,264 shares during the period. Paradice Investment Management LLC lifted its stake in Luxfer Holdings PLC by 14.6% in the third quarter. Paradice Investment Management LLC now owns 2,002,400 shares of the industrial products company’s stock worth $24,930,000 after acquiring an additional 255,737 shares during the period. Deprince Race & Zollo Inc. lifted its stake in 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 acquiring an additional 68,109 shares during the period. Kempen Capital Management N.V. lifted its stake in Luxfer Holdings PLC by 36.3% in the second quarter. Kempen Capital Management N.V. now owns 224,819 shares of the industrial products company’s stock worth $2,875,000 after acquiring an additional 59,818 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Luxfer Holdings PLC by 28.8% in the third quarter. Wells Fargo & Company MN now owns 247,279 shares of the industrial products company’s stock worth $3,079,000 after acquiring an additional 55,240 shares during the period. 85.44% 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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