Rhumbline Advisers Purchases 2,382 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Rhumbline Advisers lifted its position in shares of Luxfer Holdings PLC (NYSE:LXFR) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,790 shares of the industrial products company’s stock after purchasing an additional 2,382 shares during the quarter. Rhumbline Advisers owned about 0.17% of Luxfer worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Luxfer by 1.6% during the third quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock valued at $35,299,000 after purchasing an additional 43,559 shares in the last quarter. Barclays PLC grew its stake in shares of Luxfer by 64.2% in the 3rd quarter. Barclays PLC now owns 66,809 shares of the industrial products company’s stock worth $865,000 after buying an additional 26,112 shares during the last quarter. MML Investors Services LLC increased its position in Luxfer by 75.4% during the 3rd quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock valued at $248,000 after buying an additional 8,223 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Luxfer by 129.4% during 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. Finally, State Street Corp boosted its holdings in Luxfer by 0.3% in the third quarter. State Street Corp now owns 558,847 shares of the industrial products company’s stock worth $7,237,000 after acquiring an additional 1,413 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Luxfer Stock Up 0.3 %

Shares of Luxfer stock opened at $12.13 on Friday. The company has a 50-day simple moving average of $13.48 and a two-hundred day simple moving average of $13.17. The stock has a market capitalization of $324.43 million, a PE ratio of 36.76, a price-to-earnings-growth ratio of 1.85 and a beta of 0.93. Luxfer Holdings PLC has a 52-week low of $9.26 and a 52-week high of $15.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17.

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

Luxfer Announces Dividend

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

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.