Luxfer (NYSE:LXFR) Hits New 1-Year High – Time to Buy?

Luxfer Holdings PLC (NYSE:LXFR)’s stock price reached a new 52-week high on Monday . The company traded as high as $18.65 and last traded at $18.5950, with a volume of 6495 shares trading hands. The stock had previously closed at $18.08.

Analysts Set New Price Targets

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

Luxfer Price Performance

The business has a 50 day moving average of $15.01 and a 200 day moving average of $14.20. The company has a market cap of $488.61 million, a PE ratio of 82.23, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.75 and a quick ratio of 0.81.

Luxfer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, April 17th were paid a $0.13 dividend. The ex-dividend date of this dividend 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 presently 236.36%.

Insider Buying and Selling

In related news, Director Sylvia Ann Stein sold 4,010 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total value of $60,350.50. Following the completion of the sale, the director owned 14,844 shares of the company’s stock, valued at $223,402.20. This trade represents a 21.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard J. Hipple sold 4,010 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total value of $60,350.50. Following the completion of the sale, the director directly owned 32,920 shares of the company’s stock, valued at $495,446. The trade was a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,368 shares of company stock valued at $321,588 over the last three months. Insiders own 2.00% of the company’s stock.

Institutional Trading of Luxfer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in Luxfer by 63.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 1,083 shares during the period. Empowered Funds LLC raised its holdings in Luxfer by 21.2% in the first quarter. Empowered Funds LLC now owns 137,186 shares of the industrial products company’s stock worth $1,671,000 after purchasing an additional 24,003 shares in the last quarter. Renaissance Technologies LLC bought a new position in Luxfer in the first quarter worth $956,000. Arrowstreet Capital Limited Partnership raised its holdings in Luxfer by 17.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 488,252 shares of the industrial products company’s stock worth $5,947,000 after purchasing an additional 70,989 shares in the last quarter. Finally, First Wilshire Securities Management Inc. raised its holdings in Luxfer by 0.7% in the first quarter. First Wilshire Securities Management Inc. now owns 342,174 shares of the industrial products company’s stock worth $4,168,000 after purchasing an additional 2,454 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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.