Luxfer Holdings PLC Declares Quarterly Dividend of $0.13 (LXFR)
Luxfer Holdings PLC (NYSE:LXFR) announced a quarterly dividend on Thursday, October 5th, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be paid a dividend of 0.125 per share by the industrial products company on Wednesday, November 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Friday, October 13th.
Luxfer Holdings PLC has decreased its dividend by an average of 1.8% annually over the last three years. Luxfer Holdings PLC has a dividend payout ratio of 47.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Luxfer Holdings PLC to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 41.0%.
Shares of Luxfer Holdings PLC (NYSE:LXFR) traded up 1.0700% during midday trading on Thursday, hitting $12.2699. The stock had a trading volume of 35,532 shares. The stock has a market cap of $323.91 million, a P/E ratio of 20.8317 and a beta of 0.84. The stock has a 50-day moving average price of $12.26 and a 200-day moving average price of $12.28. Luxfer Holdings PLC has a 12-month low of $9.28 and a 12-month high of $13.49.
An institutional investor recently raised its position in Luxfer Holdings PLC stock. State Street Corp grew its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,786 shares of the industrial products company’s stock after acquiring an additional 222 shares during the period. State Street Corp owned about 0.06% of Luxfer Holdings PLC worth $215,000 as of its most recent SEC filing. Institutional investors and hedge funds own 87.67% of the company’s stock.
A number of research firms have recently commented on LXFR. BidaskClub downgraded Luxfer Holdings PLC from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded Luxfer Holdings PLC from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, ValuEngine upgraded Luxfer Holdings PLC from a “hold” rating to a “buy” rating in a report on Thursday, July 6th.
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Luxfer Holdings PLC Company Profile
Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.
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