Luxfer (NYSE:LXFR) Posts Earnings Results, Beats Estimates By $0.02 EPS

by · The Cerbat Gem

Luxfer (NYSE:LXFR – Get Free Report) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02, Zacks reports. Luxfer had a net margin of 3.60% and a return on equity of 11.58%.

Luxfer Price Performance

LXFR traded up $0.34 during trading on Tuesday, reaching $15.51. 92,474 shares of the company traded hands, compared to its average volume of 123,770. The company has a market cap of $414.53 million, a P/E ratio of 29.27, a PEG ratio of 1.83 and a beta of 1.00. The firm has a fifty day simple moving average of $14.75 and a 200 day simple moving average of $13.65. Luxfer has a 12-month low of $9.41 and a 12-month high of $16.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.71 and a current ratio of 1.66.

Luxfer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Friday, January 23rd were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, January 23rd. Luxfer’s dividend payout ratio (DPR) is 98.11%.

Institutional Trading of Luxfer

Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in Luxfer by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 78,540 shares of the industrial products company’s stock worth $1,063,000 after purchasing an additional 635 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in shares of Luxfer by 2.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 42,034 shares of the industrial products company’s stock valued at $569,000 after purchasing an additional 902 shares during the period. Intech Investment Management LLC lifted its holdings in Luxfer by 8.7% during the 3rd quarter. Intech Investment Management LLC now owns 14,713 shares of the industrial products company’s stock valued at $205,000 after buying an additional 1,178 shares in the last quarter. Alliancebernstein L.P. raised its position in Luxfer by 7.1% during the 3rd quarter. Alliancebernstein L.P. now owns 21,200 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Luxfer by 0.9% during the second quarter. Marshall Wace LLP now owns 172,736 shares of the industrial products company’s stock valued at $2,104,000 after buying an additional 1,570 shares during the period. Institutional investors own 90.82% of the company’s stock.

Luxfer Company Profile

(Get Free Report)

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.

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