Luxfer (NYSE:LXFR) Director Clive Snowdon Sells 4,015 Shares of Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Clive Snowdon sold 4,015 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total transaction of $60,425.75. Following the completion of the transaction, the director owned 26,841 shares of the company’s stock, valued at $403,957.05. The trade was a 13.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Luxfer Stock Performance

NYSE LXFR opened at $17.99 on Tuesday. 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 firm has a market capitalization of $485.86 million, a price-to-earnings ratio of 81.77, a P/E/G ratio of 2.35 and a beta of 1.13. The firm’s 50 day simple moving average is $15.12 and its 200 day simple moving average is $14.24. Luxfer Holdings PLC has a 1 year low of $11.16 and a 1 year high of $18.74.

Luxfer Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.9%. Luxfer’s dividend payout ratio is presently 236.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Zacks Research raised Luxfer from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Finally, Freedom Capital raised Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Institutional Trading of Luxfer

A number of hedge funds and other institutional investors have recently modified their holdings of LXFR. Artisan Partners Limited Partnership lifted its stake in shares of Luxfer by 18.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock valued at $23,108,000 after acquiring an additional 258,957 shares during the last quarter. American Century Companies Inc. grew its position in 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 acquiring an additional 180,199 shares during the last quarter. Earnest Partners LLC grew its position in Luxfer by 24.9% during the 4th quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company’s stock worth $11,330,000 after acquiring an additional 167,023 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in Luxfer by 332.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company’s stock worth $2,466,000 after purchasing an additional 136,402 shares in the last quarter. Finally, Nuveen LLC increased its holdings in Luxfer by 80.6% in the 4th quarter. Nuveen LLC now owns 300,565 shares of the industrial products company’s stock worth $4,067,000 after purchasing an additional 134,120 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

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.