Tower Research Capital LLC TRC Boosts Stock Holdings in Luxfer Holdings PLC (NYSE:LXFR)

Tower Research Capital LLC TRC increased its stake in Luxfer Holdings PLC (NYSE:LXFR) by 855.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,971 shares of the industrial products company’s stock after purchasing an additional 5,346 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Luxfer were worth $53,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Luxfer in the third quarter worth approximately $159,000. Oxford Asset Management LLP bought a new position in Luxfer in the fourth quarter worth approximately $113,000. Dynamic Technology Lab Private Ltd bought a new position in Luxfer in the fourth quarter worth approximately $131,000. Jump Financial LLC bought a new position in Luxfer in the fourth quarter worth approximately $325,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Luxfer by 180.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,636 shares of the industrial products company’s stock worth $530,000 after acquiring an additional 26,149 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Luxfer Price Performance

Shares of LXFR stock traded down $0.28 on Tuesday, hitting $9.66. 158,523 shares of the stock traded hands, compared to its average volume of 196,141. The firm has a market cap of $259.18 million, a price-to-earnings ratio of -120.73, a PEG ratio of 2.11 and a beta of 0.84. Luxfer Holdings PLC has a 52 week low of $7.55 and a 52 week high of $16.58. The firm has a 50 day simple moving average of $9.96 and a two-hundred day simple moving average of $9.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.60 and a quick ratio of 1.12.

Luxfer (NYSE:LXFR) last announced its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.07 EPS 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 negative net margin of 0.47% and a positive return on equity of 6.63%. As a group, equities research analysts predict that Luxfer Holdings PLC will post 0.66 earnings per share for the current fiscal year.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, April 19th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.52 dividend on an annualized basis and a yield of 5.38%. Luxfer’s dividend payout ratio is currently -649.92%.

Luxfer Profile

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.