Luxfer (NYSE:LXFR) Director Sells $60,350.50 in Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Richard Hipple sold 4,010 shares of Luxfer stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total transaction of $60,350.50. Following the transaction, the director owned 32,920 shares in the company, valued at approximately $495,446. This trade represents a 10.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Luxfer Stock Up 0.6%

LXFR opened at $18.30 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.75. Luxfer Holdings PLC has a fifty-two week low of $11.16 and a fifty-two week high of $18.74. The firm’s fifty day moving average is $15.37 and its 200 day moving average is $14.32. The stock has a market cap of $494.31 million, a price-to-earnings ratio of 83.19, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, April 17th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, April 17th. Luxfer’s payout ratio is currently 236.36%.

Wall Street Analyst Weigh In

LXFR has been the topic of a number of research reports. Zacks Research upgraded shares of Luxfer from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Wall Street Zen downgraded shares of Luxfer from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. Freedom Capital upgraded shares of Luxfer to a “strong-buy” rating in a report on Thursday, May 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Luxfer

Several large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in Luxfer by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,540 shares of the industrial products company’s stock valued at $1,063,000 after buying an additional 635 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in Luxfer by 2.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 42,034 shares of the industrial products company’s stock valued at $569,000 after buying an additional 902 shares during the period. EverSource Wealth Advisors LLC boosted its position in Luxfer by 63.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock valued at $34,000 after buying an additional 1,083 shares during the period. Intech Investment Management LLC boosted its position in Luxfer by 8.7% in 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 during the period. Finally, Alliancebernstein L.P. boosted its position in Luxfer by 7.1% in the 3rd quarter. Alliancebernstein L.P. now owns 21,200 shares of the industrial products company’s stock valued at $295,000 after buying an additional 1,400 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

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.