Luxfer (NYSE:LXFR) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• Luxfer reported $0.27 EPS for the quarter, exceeding analysts' expectations of $0.23 by $0.04.
• The company announced a quarterly dividend of $0.13, providing a 4.21% yield to shareholders.
• An institutional investor, Jane Street Group LLC, increased its stake in Luxfer by 115% during the first quarter, reflecting a growing institutional interest in the company.

Luxfer (NYSE:LXFR - Get Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.04, Zacks reports. Luxfer had a net margin of 6.02% and a return on equity of 11.75%. The business had revenue of $104.00 million for the quarter, compared to analysts' expectations of $98.20 million. Luxfer updated its FY 2025 guidance to 0.970-1.050 EPS.

Luxfer Price Performance

Luxfer stock traded down $0.15 during trading hours on Friday, hitting $11.87. 188,849 shares of the company traded hands, compared to its average volume of 118,999. The firm has a market cap of $323.30 million, a P/E ratio of 13.19, a P/E/G ratio of 1.67 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 0.10. The firm's 50-day simple moving average is $11.95 and its two-hundred day simple moving average is $12.08. Luxfer has a 1-year low of $9.41 and a 1-year high of $15.64.

Luxfer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, July 18th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.52 annualized dividend and a yield of 4.4%. Luxfer's dividend payout ratio (DPR) is presently 57.78%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Luxfer from a "strong-buy" rating to a "buy" rating in a report on Saturday.

Insider Activity

In other Luxfer news, Director Patrick K. Mullen sold 5,463 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.02, for a total transaction of $54,739.26. Following the transaction, the director owned 35,617 shares of the company's stock, valued at approximately $356,882.34. This trade represents a 13.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clive Snowdon sold 4,120 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.02, for a total transaction of $41,282.40. Following the transaction, the director directly owned 21,903 shares in the company, valued at approximately $219,468.06. The trade was a 15.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,987 shares of company stock worth $418,168 in the last 90 days. 1.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Luxfer

A hedge fund recently raised its stake in Luxfer stock. Jane Street Group LLC grew its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 115.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,689 shares of the industrial products company's stock after purchasing an additional 24,969 shares during the period. Jane Street Group LLC owned approximately 0.17% of Luxfer worth $554,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 90.82% of the company's stock.

About Luxfer

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.