Insider Selling: Luxfer (NYSE:LXFR) Director Sells 5,323 Shares of Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Patrick Mullen sold 5,323 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $80,111.15. Following the completion of the transaction, the director owned 42,145 shares of the company’s stock, valued at $634,282.25. The trade was a 11.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Luxfer Stock Up 0.5%

LXFR opened at $18.17 on Monday. Luxfer Holdings PLC has a fifty-two week low of $11.16 and a fifty-two week high of $18.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.75 and a quick ratio of 0.81. The firm’s fifty day moving average price is $15.01 and its two-hundred day moving average price is $14.20. The company has a market capitalization of $490.77 million, a P/E ratio of 82.59, a P/E/G ratio of 2.35 and a beta of 1.13.

Luxfer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, April 17th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, April 17th. This represents a $0.52 dividend on an annualized basis and a yield of 2.9%. Luxfer’s dividend payout ratio (DPR) is currently 236.36%.

Institutional Trading of Luxfer

Hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 worth $1,063,000 after acquiring an additional 635 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in Luxfer by 2.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 42,034 shares of the industrial products company’s stock worth $569,000 after acquiring an additional 902 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Luxfer by 63.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 1,083 shares in the last quarter. Intech Investment Management LLC increased its holdings in Luxfer by 8.7% during the 3rd quarter. Intech Investment Management LLC now owns 14,713 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 1,178 shares in the last quarter. Finally, Alliancebernstein L.P. raised 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 purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Zacks Research upgraded Luxfer from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Freedom Capital upgraded Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Wall Street Zen lowered Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

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.