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

Luxfer Holdings PLC (NYSE:LXFR) announced a quarterly dividend on Tuesday, January 13th. Shareholders of record on Friday, January 23rd will be given a dividend of 0.13 per share by the industrial products company on Wednesday, February 4th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, January 23rd.

Luxfer has raised its dividend payment by an average of 0.0%annually over the last three years. Luxfer has a payout ratio of 44.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance

NYSE LXFR opened at $14.68 on Wednesday. The company has a 50-day simple moving average of $13.13 and a two-hundred day simple moving average of $13.00. Luxfer has a 12-month low of $9.41 and a 12-month high of $14.95. The firm has a market cap of $392.15 million, a price-to-earnings ratio of 27.69, a PEG ratio of 1.70 and a beta of 0.99. The company has a quick ratio of 0.71, a current ratio of 1.66 and a debt-to-equity ratio of 0.08.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Inspire Investing LLC bought a new stake in shares of Luxfer in the 3rd quarter worth approximately $1,003,000. Artisan Partners Limited Partnership lifted its stake in Luxfer by 11.9% in the second quarter. Artisan Partners Limited Partnership now owns 1,403,485 shares of the industrial products company’s stock worth $17,094,000 after acquiring an additional 149,807 shares during the period. American Century Companies Inc. boosted its holdings in Luxfer by 11.4% in the second quarter. American Century Companies Inc. now owns 1,409,329 shares of the industrial products company’s stock valued at $17,166,000 after acquiring an additional 144,156 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in Luxfer by 33.1% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 455,985 shares of the industrial products company’s stock valued at $5,554,000 after purchasing an additional 113,385 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Luxfer in the 1st quarter worth about $504,000. Hedge funds and other institutional investors 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.