Sylvia Ann Stein Sells 4,010 Shares of Luxfer (NYSE:LXFR) Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Sylvia Ann Stein sold 4,010 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $60,350.50. Following the completion of the transaction, the director directly owned 14,844 shares in the company, valued at $223,402.20. This represents a 21.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Luxfer Trading Up 0.9%

NYSE LXFR opened at $18.16 on Wednesday. The stock has a market capitalization of $490.61 million, a P/E ratio of 82.57, a P/E/G ratio of 2.34 and a beta of 1.13. The business has a 50 day simple moving average of $15.24 and a 200 day simple moving average of $14.28. 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 Holdings PLC has a one year low of $11.16 and a one year high of $18.74.

Luxfer Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have commented on LXFR. 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 cut shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. Freedom Capital upgraded Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Luxfer

A number of hedge funds have recently added to or reduced their stakes in LXFR. Artisan Partners Limited Partnership grew its position in 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 worth $23,108,000 after purchasing an additional 258,957 shares in the last quarter. American Century Companies Inc. lifted its position in shares of 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 buying an additional 180,199 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Luxfer by 24.9% in the 4th 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 during 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 worth $2,466,000 after buying an additional 136,402 shares during the last quarter. Finally, Nuveen LLC grew its holdings in shares of Luxfer by 80.6% in the fourth quarter. Nuveen LLC now owns 300,565 shares of the industrial products company’s stock valued at $4,067,000 after acquiring an additional 134,120 shares in the last quarter. Institutional investors and hedge funds 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.