Hillsdale Investment Management Inc. Purchases 298,400 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Hillsdale Investment Management Inc. grew its position in shares of Luxfer Holdings PLC (NYSE:LXFR) by 2,131.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 312,400 shares of the industrial products company’s stock after purchasing an additional 298,400 shares during the period. Hillsdale Investment Management Inc.’s holdings in Luxfer were worth $4,089,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its position in Luxfer by 1.6% in the 3rd quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock worth $35,299,000 after buying an additional 43,559 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Luxfer by 20.4% in the 4th quarter. Royce & Associates LP now owns 1,624,061 shares of the industrial products company’s stock worth $21,259,000 after acquiring an additional 275,669 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $8,132,000 after purchasing an additional 15,030 shares in the last quarter. State Street Corp grew its holdings in shares of Luxfer by 0.3% during the 3rd quarter. State Street Corp now owns 558,847 shares of the industrial products company’s stock valued at $7,237,000 after purchasing an additional 1,413 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Luxfer by 23.3% in the fourth quarter. First Eagle Investment Management LLC now owns 425,656 shares of the industrial products company’s stock worth $5,572,000 after purchasing an additional 80,500 shares during the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Luxfer Trading Down 2.8 %

NYSE:LXFR opened at $11.56 on Friday. The firm has a market capitalization of $309.00 million, a P/E ratio of 35.02, a P/E/G ratio of 1.85 and a beta of 0.93. 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 company has a fifty day moving average of $13.32 and a 200 day moving average of $13.27.

Luxfer (NYSE:LXFR) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share for the quarter, topping 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 company had revenue of $103.40 million during the quarter, compared to analyst estimates of $89.50 million. On average, research analysts predict that Luxfer Holdings PLC will post 0.85 earnings per share for the current year.

Luxfer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th were given a $0.13 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.50%. Luxfer’s dividend payout ratio is currently 76.47%.

Luxfer 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.