Zacks Investment Research upgraded shares of Luxfer Holdings PLC (NYSE:LXFR) from a sell rating to a hold rating in a research report report published on Wednesday morning.

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. “

Several other equities research analysts also recently commented on LXFR. TheStreet downgraded shares of Luxfer Holdings PLC from a buy rating to a hold rating in a research report on Tuesday, August 9th. Credit Suisse Group AG reiterated a buy rating and set a $16.00 target price on shares of Luxfer Holdings PLC in a research report on Sunday, July 10th.

Shares of Luxfer Holdings PLC (NYSE:LXFR) opened at 9.97 on Wednesday. The firm has a 50-day moving average of $11.29 and a 200 day moving average of $11.88. Luxfer Holdings PLC has a 52 week low of $9.17 and a 52 week high of $13.60. The company has a market cap of $262.20 million, a P/E ratio of 9.34 and a beta of 0.63.

Luxfer Holdings PLC (NYSE:LXFR) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Luxfer Holdings PLC had a net margin of 6.56% and a return on equity of 18.51%. The company had revenue of $111 million for the quarter, compared to the consensus estimate of $113.92 million. Equities analysts anticipate that Luxfer Holdings PLC will post $1.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Friday, October 14th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Wednesday, October 12th. This is a positive change from Luxfer Holdings PLC’s previous quarterly dividend of $0.12. Luxfer Holdings PLC’s payout ratio is 42.59%.

A number of hedge funds have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. acquired a new stake in shares of Luxfer Holdings PLC during the first quarter worth approximately $429,000. Kempen Capital Management N.V. raised its stake in shares of Luxfer Holdings PLC by 79.2% in the first quarter. Kempen Capital Management N.V. now owns 27,600 shares of the company’s stock worth $293,000 after buying an additional 12,200 shares during the period. Geode Capital Management LLC acquired a new stake in shares of Luxfer Holdings PLC during the first quarter worth approximately $305,000. Nantahala Capital Management LLC raised its stake in shares of Luxfer Holdings PLC by 14.9% in the first quarter. Nantahala Capital Management LLC now owns 791,155 shares of the company’s stock worth $8,394,000 after buying an additional 102,729 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of Luxfer Holdings PLC by 692.1% in the second quarter. Acadian Asset Management LLC now owns 366,768 shares of the company’s stock worth $4,412,000 after buying an additional 320,466 shares during the period. Institutional investors and hedge funds own 84.65% of the company’s stock.

About Luxfer Holdings PLC

Luxfer Holdings PLC is a holding company. The Company is a global materials technology company specializing in the design, manufacture and supply of materials, components and high-pressure gas-containment devices for healthcare, environmental, protection and specialty end-markets. Its segments include Elektron division and Gas Cylinders division.

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