Royce & Associates LP Buys 275,669 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Royce & Associates LP boosted its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,624,061 shares of the industrial products company’s stock after purchasing an additional 275,669 shares during the quarter. Royce & Associates LP owned about 6.06% of Luxfer worth $21,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC raised its stake in Luxfer by 23.3% in the fourth quarter. First Eagle Investment Management LLC now owns 425,656 shares of the industrial products company’s stock valued at $5,572,000 after buying an additional 80,500 shares during the last quarter. FMR LLC raised its stake in Luxfer by 1.6% in the third quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock valued at $35,299,000 after buying an additional 43,559 shares during the last quarter. Barclays PLC raised its stake in Luxfer by 64.2% in the third quarter. Barclays PLC now owns 66,809 shares of the industrial products company’s stock valued at $865,000 after buying an additional 26,112 shares during the last quarter. Stifel Financial Corp raised its stake in Luxfer by 75.8% in the third quarter. Stifel Financial Corp now owns 40,379 shares of the industrial products company’s stock valued at $523,000 after buying an additional 17,405 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Luxfer by 129.4% in the third quarter. JPMorgan Chase & Co. now owns 27,727 shares of the industrial products company’s stock valued at $359,000 after buying an additional 15,641 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Luxfer Trading Up 0.9 %

Shares of NYSE:LXFR opened at $12.12 on Monday. Luxfer Holdings PLC has a 52-week low of $9.26 and a 52-week high of $15.64. The stock has a market cap of $324.01 million, a price-to-earnings ratio of 36.72, a PEG ratio of 1.85 and a beta of 0.93. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $13.39 and a 200-day moving average price of $13.26.

Luxfer (NYSE:LXFR) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. The firm had revenue of $103.40 million during the quarter, compared to analysts’ expectations of $89.50 million. Equities analysts predict that Luxfer Holdings PLC will post 0.85 EPS for the current year.

Luxfer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Monday, January 27th. Luxfer’s payout ratio is 76.47%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Luxfer from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st.

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.