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

Luxfer Holdings PLC (NYSE:LXFR) announced a quarterly dividend on Monday, October 6th. Investors of record on Friday, October 17th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, November 5th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, October 17th.

Luxfer has a payout ratio of 44.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Luxfer to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 53.6%.

Luxfer Stock Down 1.0%

NYSE:LXFR opened at $13.66 on Tuesday. Luxfer has a 1-year low of $9.41 and a 1-year high of $15.64. The firm’s 50-day moving average price is $13.16 and its 200-day moving average price is $12.03. The company has a market capitalization of $365.54 million, a PE ratio of 15.18, a P/E/G ratio of 1.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.65 and a quick ratio of 0.83.

Institutional Investors Weigh In On Luxfer

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its position in Luxfer by 53.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,861 shares of the industrial products company’s stock worth $409,000 after purchasing an additional 12,214 shares during the period. New York State Teachers Retirement System bought a new position in Luxfer in the first quarter worth about $29,000. Envestnet Asset Management Inc. increased its position in shares of Luxfer by 7.6% during the first quarter. Envestnet Asset Management Inc. now owns 439,684 shares of the industrial products company’s stock worth $5,215,000 after purchasing an additional 31,123 shares in the last quarter. Royce & Associates LP raised its stake in Luxfer by 8.4% in the first quarter. Royce & Associates LP now owns 1,759,749 shares of the industrial products company’s stock valued at $20,871,000 after buying an additional 135,688 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its position in shares of Luxfer by 13.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 87,744 shares of the industrial products company’s stock valued at $1,041,000 after purchasing an additional 10,413 shares during the last quarter. 90.82% of the stock is owned by institutional investors.

About Luxfer

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.