Luxfer (NYSE:LXFR) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Luxfer (NYSE:LXFR) posted its earnings results on Tuesday. The industrial products company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01, FiscalAI reports. Luxfer had a net margin of 2.20% and a return on equity of 12.16%. The firm had revenue of $95.70 million for the quarter, compared to the consensus estimate of $90.30 million.

Luxfer Stock Performance

NYSE:LXFR traded down $0.02 during midday trading on Thursday, reaching $17.03. The stock had a trading volume of 12,943 shares, compared to its average volume of 197,889. The company has a quick ratio of 0.81, a current ratio of 1.75 and a debt-to-equity ratio of 0.15. The stock has a market cap of $459.98 million, a P/E ratio of 56.82, a P/E/G ratio of 2.21 and a beta of 1.12. The firm has a fifty day simple moving average of $17.42 and a two-hundred day simple moving average of $15.15. Luxfer has a 12-month low of $11.19 and a 12-month high of $19.45.

Luxfer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Friday, July 17th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, July 17th. Luxfer’s dividend payout ratio (DPR) is 236.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LXFR shares. Zacks Research lowered Luxfer from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Freedom Capital upgraded Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Wall Street Zen downgraded Luxfer from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Luxfer in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Insider Activity at Luxfer

In other news, Director Patrick K. Mullen sold 5,323 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $15.05, for a total transaction of $80,111.15. Following the transaction, the director directly owned 42,145 shares in the company, valued at $634,282.25. The trade was a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Clive Snowdon sold 4,015 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $15.05, for a total transaction of $60,425.75. Following the completion of the sale, the director owned 26,841 shares of the company’s stock, valued at approximately $403,957.05. The trade was a 13.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,368 shares of company stock worth $321,588 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Luxfer

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Luxfer during the second quarter worth about $29,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Luxfer during the 3rd quarter valued at approximately $159,000. Intech Investment Management LLC boosted its stake in shares of Luxfer by 8.7% during the 3rd quarter. Intech Investment Management LLC now owns 14,713 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 1,178 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Luxfer by 13.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,485 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 1,832 shares in the last quarter. Finally, Creative Planning acquired a new stake in shares of Luxfer in the 3rd quarter worth approximately $211,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

About Luxfer

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.