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

Luxfer Holdings PLC (NYSE:LXFR) announced a quarterly dividend on Tuesday, April 9th, Zacks reports. Shareholders of record on Friday, April 19th will be paid 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 5.21%. The ex-dividend date of this dividend is Thursday, April 18th.

Luxfer has raised its dividend payment by an average of 1.3% annually over the last three years. Luxfer has a dividend payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.6 %

Shares of LXFR stock opened at $9.99 on Wednesday. The stock’s fifty day moving average price is $9.54 and its two-hundred day moving average price is $9.22. Luxfer has a fifty-two week low of $7.55 and a fifty-two week high of $16.58. The company has a quick ratio of 1.12, a current ratio of 2.60 and a debt-to-equity ratio of 0.32.

Luxfer (NYSE:LXFR) last issued its earnings results on Tuesday, February 27th. The industrial products company reported $0.07 earnings per share for the quarter. The firm had revenue of $95.90 million for the quarter, compared to the consensus estimate of $89.70 million. Luxfer had a positive return on equity of 6.63% and a negative net margin of 0.47%. On average, equities analysts forecast that Luxfer will post 0.66 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LXFR. Lazard Asset Management LLC bought a new position in shares of Luxfer in the 1st quarter valued at $42,000. Point72 Middle East FZE bought a new position in shares of Luxfer in the 2nd quarter valued at $56,000. Royal Bank of Canada lifted its stake in shares of Luxfer by 106.4% in the 2nd quarter. Royal Bank of Canada now owns 4,001 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 2,063 shares during the last quarter. Osaic Holdings Inc. raised its position in Luxfer by 50.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,857 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 2,292 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Luxfer by 478.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,486 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 6,191 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

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.