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

Luxfer Holdings PLC (NYSE:LXFR) announced a dividend on Tuesday, July 2nd, Fidelity reports. Stockholders of record on Friday, July 19th will be paid a dividend of 0.125 per share by the industrial products company on Wednesday, August 7th. The ex-dividend date is Thursday, July 18th.

Luxfer has raised its dividend by an average of 9.6% annually over the last three years and has increased its dividend every year for the last 2 years. Luxfer has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Luxfer to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 24.4%.

Shares of NYSE LXFR opened at $22.11 on Wednesday. The firm has a market cap of $598.46 million, a PE ratio of 13.08 and a beta of 1.02. Luxfer has a 12 month low of $16.39 and a 12 month high of $28.06. The stock’s 50 day moving average price is $23.65. The company has a quick ratio of 0.96, a current ratio of 1.92 and a debt-to-equity ratio of 0.47.

Luxfer (NYSE:LXFR) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm had revenue of $120.40 million during the quarter, compared to analysts’ expectations of $115.00 million. Luxfer had a net margin of 2.11% and a return on equity of 24.27%. On average, equities analysts forecast that Luxfer will post 1.72 EPS for the current year.

In other Luxfer news, Director Peter Gibbons sold 1,450 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $25.40, for a total value of $36,830.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Gardella sold 5,200 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $25.58, for a total value of $133,016.00. Following the completion of the sale, the insider now directly owns 45,068 shares of the company’s stock, valued at $1,152,839.44. The disclosure for this sale can be found here. Insiders sold a total of 12,863 shares of company stock worth $323,643 in the last 90 days. 1.46% of the stock is currently owned by insiders.

LXFR has been the topic of a number of research reports. Zacks Investment Research lowered Home Bancshares from a “hold” rating to a “sell” rating in a report on Friday, June 7th. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th.

Luxfer Company Profile

Luxfer Holdings Plc is a technology company, which designs, manufactures, and supplies materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets. It operates through the Gas Cylinder and Elektron segments. The Gas Cylinders segment manufactures and markets high-pressure aluminum and composite cylinders, systems, and accessories under the Luxfer Gas Cylinders and Superform brands.

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Dividend History for Luxfer (NYSE:LXFR)

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