Luxfer Holdings PLC (LXFR) to Issue Quarterly Dividend of $0.13 on May 5th

Luxfer Holdings PLC (NYSE:LXFR) declared a quarterly dividend on Tuesday, April 6th, Wall Street Journal reports. Investors of record on Friday, April 16th will be paid a dividend of 0.125 per share by the industrial products company on Wednesday, May 5th. This represents a $0.50 annualized dividend and a yield of 2.41%. The ex-dividend date is Thursday, April 15th.

Luxfer has decreased its dividend by 50.0% over the last three years and has increased its dividend annually for the last 1 consecutive years.

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Shares of LXFR stock opened at $20.76 on Thursday. Luxfer has a 1-year low of $11.42 and a 1-year high of $22.16. The company has a current ratio of 1.72, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28. The stock has a market cap of $573.72 million, a price-to-earnings ratio of 56.11, a PEG ratio of 1.25 and a beta of 0.99. The stock has a 50-day moving average of $20.34 and a 200-day moving average of $16.55.

Luxfer (NYSE:LXFR) last posted its quarterly earnings data on Wednesday, February 24th. The industrial products company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. The company had revenue of $82.10 million for the quarter, compared to analyst estimates of $89.35 million. Luxfer had a net margin of 2.74% and a return on equity of 13.81%. Luxfer’s quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts forecast that Luxfer will post 0.85 earnings per share for the current year.

LXFR has been the topic of a number of recent analyst reports. B. Riley boosted their price objective on Luxfer from $19.00 to $24.50 and gave the company a “buy” rating in a research note on Thursday, February 25th. Roth Capital boosted their price target on Luxfer from $22.50 to $30.00 and gave the company a “buy” rating in a research note on Monday, March 22nd. Finally, Zacks Investment Research downgraded shares of Luxfer from a “hold” rating to a “sell” rating in a research report on Tuesday, March 23rd.

In other news, insider James Gardella sold 20,614 shares of the firm’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $21.35, for a total value of $440,108.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.46% of the stock is owned by corporate insiders.

Luxfer Company Profile

Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas cylinders for transportation, defense and emergency response, healthcare, and general industrial end-market applications. It operates in two segments, Gas Cylinders and Elektron.

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