Luxfer (NYSE:LXFR) Issues Quarterly Earnings Results

Luxfer (NYSE:LXFR) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01, FiscalAI reports. The company had revenue of $95.70 million for the quarter, compared to analyst estimates of $90.30 million. Luxfer had a net margin of 1.56% and a return on equity of 12.14%.

Luxfer Stock Performance

LXFR traded up $0.01 during trading on Wednesday, hitting $17.06. 874,951 shares of the company traded hands, compared to its average volume of 187,976. Luxfer has a one year low of $11.19 and a one year high of $19.45. The stock’s fifty day moving average is $17.40 and its 200 day moving average is $15.13. The company has a quick ratio of 0.81, a current ratio of 1.75 and a debt-to-equity ratio of 0.15. The firm has a market cap of $460.72 million, a P/E ratio of 77.49, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Friday, July 17th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. Luxfer’s payout ratio is 236.36%.

Wall Street Analyst Weigh In

LXFR has been the topic of several recent analyst reports. Zacks Research lowered shares of Luxfer from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen downgraded shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. Freedom Capital raised shares of Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Luxfer in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Insiders Place Their Bets

In related news, Director Lisa G. Trimberger sold 4,010 shares of Luxfer stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $60,350.50. Following the sale, the director owned 20,801 shares of the company’s stock, valued at approximately $313,055.05. The trade was a 16.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Clive Snowdon sold 4,015 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $60,425.75. Following the completion of the transaction, the director owned 26,841 shares in the company, valued at approximately $403,957.05. The trade was a 13.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 21,368 shares of company stock valued at $321,588. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LXFR. Raymond James Financial Inc. bought a new stake in Luxfer in the 2nd quarter valued at about $29,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Luxfer in the third quarter worth about $159,000. Intech Investment Management LLC increased its stake in shares of Luxfer by 8.7% in the third quarter. Intech Investment Management LLC now owns 14,713 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 1,178 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Luxfer by 13.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,485 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 1,832 shares during the period. Finally, Creative Planning purchased a new stake in shares of Luxfer during the 3rd quarter valued at approximately $211,000. Institutional investors own 90.82% of the company’s stock.

Luxfer Company Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.