Luxfer Holdings PLC Declares Quarterly Dividend of $0.13 (NYSE:LXFR)

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) declared a quarterly dividend on Tuesday, April 9th, Zacks reports. Stockholders of record on Friday, April 19th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, May 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, April 18th.

Luxfer has increased its dividend by an average of 1.3% annually over the last three years. Luxfer has a payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Luxfer to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 51.5%.

Luxfer Price Performance

Shares of LXFR stock traded up $0.39 during midday trading on Thursday, reaching $10.34. 141,865 shares of the company traded hands, compared to its average volume of 211,505. The firm has a market cap of $277.42 million, a PE ratio of -129.23, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.60 and a quick ratio of 1.12. The firm's 50 day simple moving average is $9.45 and its two-hundred day simple moving average is $9.31. Luxfer has a 1-year low of $7.55 and a 1-year high of $16.58.

Luxfer (NYSE:LXFR - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.07 EPS for the quarter. The business had revenue of $95.90 million for the quarter, compared to analyst estimates of $89.70 million. Luxfer had a negative net margin of 0.47% and a positive return on equity of 6.63%. On average, equities research analysts expect that Luxfer will post 0.66 EPS for the current fiscal year.

Institutional Trading of Luxfer

A number of hedge funds have recently bought and sold shares of the company. Swiss National Bank boosted its stake in Luxfer by 7.2% in the 1st quarter. Swiss National Bank now owns 65,500 shares of the industrial products company's stock worth $1,100,000 after buying an additional 4,400 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Luxfer by 13.0% in the first quarter. Bank of New York Mellon Corp now owns 93,454 shares of the industrial products company's stock worth $1,570,000 after acquiring an additional 10,746 shares during the last quarter. BlackRock Inc. grew its holdings in Luxfer by 40.2% in the first quarter. BlackRock Inc. now owns 2,210,379 shares of the industrial products company's stock valued at $37,134,000 after purchasing an additional 633,547 shares during the period. Dimensional Fund Advisors LP increased its position in Luxfer by 66.6% during the first quarter. Dimensional Fund Advisors LP now owns 105,712 shares of the industrial products company's stock worth $1,776,000 after purchasing an additional 42,269 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Luxfer by 5.8% during the first quarter. Sei Investments Co. now owns 77,900 shares of the industrial products company's stock worth $1,309,000 after purchasing an additional 4,270 shares during the period. Institutional investors and hedge funds own 90.82% of the company's stock.

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.