Luxfer (NYSE:LXFR) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Luxfer Holdings PLC (NYSE:LXFR)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.60 and traded as high as $15.99. Luxfer shares last traded at $15.8640, with a volume of 192,566 shares traded.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Luxfer from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Freedom Capital upgraded shares of Luxfer to a “strong-buy” rating in a research report on Thursday. Finally, Zacks Research upgraded shares of Luxfer from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Luxfer presently has an average rating of “Moderate Buy”.

Luxfer Stock Up 2.1%

The company has a current ratio of 1.75, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $438.59 million, a price-to-earnings ratio of 73.81, a PEG ratio of 2.07 and a beta of 1.10. The firm’s 50 day simple moving average is $13.42 and its 200-day simple moving average is $13.64.

Luxfer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, April 17th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, April 17th. Luxfer’s payout ratio is currently 236.36%.

Hedge Funds Weigh In On Luxfer

Several institutional investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new position in shares of Luxfer during the 3rd quarter worth $1,241,000. American Century Companies Inc. grew its stake in shares of Luxfer by 12.8% during the 3rd quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock worth $22,094,000 after purchasing an additional 180,199 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Luxfer by 18.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock worth $23,108,000 after purchasing an additional 258,957 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of Luxfer during the 4th quarter worth $235,000. Finally, Creative Planning acquired a new position in shares of Luxfer during the 3rd quarter worth $211,000. 90.82% of the stock is owned by institutional investors and hedge funds.

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.