Bailard Inc. Acquires 7,200 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Bailard Inc. raised its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 51.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,300 shares of the industrial products company’s stock after acquiring an additional 7,200 shares during the quarter. Bailard Inc.’s holdings in Luxfer were worth $279,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LXFR. FMR LLC lifted its position in Luxfer by 1.6% during the third quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock valued at $35,299,000 after acquiring an additional 43,559 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Luxfer by 23.2% during the 3rd quarter. Royce & Associates LP now owns 1,348,392 shares of the industrial products company’s stock valued at $17,462,000 after purchasing an additional 253,670 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Luxfer by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 627,817 shares of the industrial products company’s stock worth $8,132,000 after purchasing an additional 15,030 shares in the last quarter. State Street Corp grew its stake in Luxfer by 0.3% during the 3rd quarter. State Street Corp now owns 558,847 shares of the industrial products company’s stock worth $7,237,000 after buying an additional 1,413 shares during the last quarter. Finally, Barclays PLC increased its position in Luxfer by 64.2% during the 3rd quarter. Barclays PLC now owns 66,809 shares of the industrial products company’s stock valued at $865,000 after buying an additional 26,112 shares in the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Luxfer Stock Up 2.6 %

LXFR stock opened at $12.27 on Thursday. The stock has a market capitalization of $328.12 million, a PE ratio of 37.18, a price-to-earnings-growth ratio of 1.85 and a beta of 0.88. Luxfer Holdings PLC has a 52 week low of $9.26 and a 52 week high of $15.64. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $13.53 and a 200 day moving average of $13.16.

Luxfer (NYSE:LXFR) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. The firm had revenue of $103.40 million for the quarter, compared to analyst estimates of $89.50 million. Sell-side analysts forecast that Luxfer Holdings PLC will post 0.85 earnings per share for the current year.

Luxfer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Monday, January 27th. Luxfer’s dividend payout ratio is presently 76.47%.

Analysts Set New Price Targets

Separately, StockNews.com raised Luxfer from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st.

Luxfer Company Profile

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.