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 annualized dividend and a 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 payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of Luxfer stock opened at $9.99 on Wednesday. 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 company’s fifty day moving average price is $9.54 and its two-hundred day moving average price is $9.22. Luxfer has a 52-week low of $7.55 and a 52-week high of $16.58.

Luxfer (NYSE:LXFR) last posted its earnings results on Tuesday, February 27th. The industrial products company reported $0.07 earnings per share for the quarter. Luxfer had a negative net margin of 0.47% and a positive return on equity of 6.63%. The business had revenue of $95.90 million for the quarter, compared to analyst estimates of $89.70 million. Analysts anticipate that Luxfer will post 0.66 earnings per share for the current year.

Institutional Investors Weigh In On Luxfer

A number of large investors have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new position in shares of Luxfer in the first quarter worth about $42,000. Point72 Middle East FZE acquired a new stake in shares of Luxfer in the 2nd quarter valued at $56,000. Royal Bank of Canada raised its position in shares of Luxfer by 106.4% during the second quarter. Royal Bank of Canada now owns 4,001 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 2,063 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Luxfer by 50.2% during the second quarter. Osaic Holdings Inc. now owns 6,857 shares of the industrial products company’s stock valued at $98,000 after acquiring an additional 2,292 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Luxfer by 478.1% in the second quarter. Tower Research Capital LLC TRC now owns 7,486 shares of the industrial products company’s stock valued at $107,000 after acquiring 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.