Luxfer (NYSE:LXFR) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Luxfer Holdings PLC (NYSE:LXFR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.52 and traded as high as $15.89. Luxfer shares last traded at $15.6450, with a volume of 149,856 shares.

Luxfer Price Performance

The stock has a market capitalization of $418.03 million, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. The business’s 50-day moving average price is $14.57 and its 200 day moving average price is $13.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.71 and a current ratio of 1.66.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Friday, January 23rd were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, January 23rd. Luxfer’s payout ratio is currently 98.11%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LXFR. Artisan Partners Limited Partnership raised its position in Luxfer by 18.5% during the third quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock valued at $23,108,000 after purchasing an additional 258,957 shares in the last quarter. American Century Companies Inc. lifted its position in Luxfer by 12.8% in 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 buying an additional 180,199 shares during the last quarter. Earnest Partners LLC boosted its stake in Luxfer by 24.9% in the fourth quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company’s stock worth $11,330,000 after buying an additional 167,023 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Luxfer by 332.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company’s stock valued at $2,466,000 after purchasing an additional 136,402 shares in the last quarter. Finally, Nuveen LLC boosted its stake in shares of Luxfer by 80.6% in the 4th quarter. Nuveen LLC now owns 300,565 shares of the industrial products company’s stock valued at $4,067,000 after purchasing an additional 134,120 shares in the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Luxfer Company Profile

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.