Luxfer (NYSE:LXFR) Share Price Crosses Above 200-Day Moving Average of $10.01

Luxfer Holdings PLC (NYSE:LXFR)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.01 and traded as high as $11.63. Luxfer shares last traded at $11.46, with a volume of 89,281 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Luxfer from a “hold” rating to a “buy” rating in a report on Monday, May 13th.

Luxfer Stock Up 0.6 %

The company has a current ratio of 2.56, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average price is $11.57 and its two-hundred day moving average price is $10.01. The firm has a market cap of $314.12 million, a P/E ratio of 21.90, a P/E/G ratio of 2.11 and a beta of 0.94.

Luxfer (NYSE:LXFR) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.12. The company had revenue of $89.40 million for the quarter, compared to analyst estimates of $82.90 million. Luxfer had a return on equity of 6.59% and a net margin of 0.08%. As a group, equities research analysts anticipate that Luxfer Holdings PLC will post 0.77 EPS for the current year.

Luxfer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Friday, April 19th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $0.52 annualized dividend and a yield of 4.54%.

Institutional Investors Weigh In On Luxfer

Several hedge funds and other institutional investors have recently made changes to their positions in LXFR. Envestnet Asset Management Inc. boosted its stake in Luxfer by 208.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 261,248 shares of the industrial products company’s stock valued at $3,409,000 after purchasing an additional 176,603 shares during the period. American Century Companies Inc. grew its stake in shares of Luxfer by 0.6% in the third quarter. American Century Companies Inc. now owns 995,642 shares of the industrial products company’s stock worth $12,993,000 after acquiring an additional 6,398 shares during the last quarter. SG Americas Securities LLC increased its position in Luxfer by 26.5% during the fourth quarter. SG Americas Securities LLC now owns 15,428 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 3,234 shares during the period. Jump Financial LLC acquired a new position in Luxfer during the 4th quarter valued at $325,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Luxfer by 94.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 75,093 shares of the industrial products company’s stock valued at $644,000 after purchasing an additional 36,440 shares during the period. 90.82% of the stock is owned by institutional investors and hedge funds.

Luxfer Company 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.