Kennedy Capital Management LLC Invests $2.24 Million in Luxfer Holdings PLC (NYSE:LXFR)

Kennedy Capital Management LLC bought a new position in Luxfer Holdings PLC (NYSE:LXFR) in the first quarter, HoldingsChannel.com reports. The fund bought 216,182 shares of the industrial products company’s stock, valued at approximately $2,242,000.

A number of other hedge funds have also modified their holdings of LXFR. SG Americas Securities LLC raised its holdings in shares of Luxfer by 26.5% in the 4th quarter. SG Americas Securities LLC now owns 15,428 shares of the industrial products company’s stock worth $138,000 after buying an additional 3,234 shares in the last quarter. Jump Financial LLC acquired a new stake in Luxfer during the 4th quarter valued at $325,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Luxfer by 94.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 75,093 shares of the industrial products company’s stock valued at $644,000 after purchasing an additional 36,440 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Luxfer during the 4th quarter valued at $131,000. Finally, Trexquant Investment LP acquired a new stake in Luxfer during the 4th quarter valued at $736,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Luxfer Trading Down 2.9 %

LXFR traded down $0.38 during mid-day trading on Wednesday, reaching $12.57. The stock had a trading volume of 43,759 shares, compared to its average volume of 164,833. The stock has a market capitalization of $344.54 million, a P/E ratio of 11.06, a P/E/G ratio of 2.43 and a beta of 0.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 2.56. The firm’s fifty day simple moving average is $11.91 and its two-hundred day simple moving average is $10.47. Luxfer Holdings PLC has a 52 week low of $7.55 and a 52 week high of $13.52.

Luxfer (NYSE:LXFR) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $99.70 million for the quarter, compared to analyst estimates of $99.70 million. Luxfer had a return on equity of 6.59% and a net margin of 0.08%. On average, equities analysts predict that Luxfer Holdings PLC will post 0.77 EPS for the current year.

Luxfer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Friday, July 19th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.52 annualized dividend and a yield of 4.14%. Luxfer’s dividend payout ratio is presently 47.71%.

Analyst Ratings Changes

Separately, StockNews.com raised Luxfer from a “hold” rating to a “buy” rating in a report on Monday, May 13th.

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.