Luxfer (NYSE:LXFR) Reaches New 52-Week High – Should You Buy?

Luxfer Holdings PLC (NYSE:LXFR) shares hit a new 52-week high on Monday . The stock traded as high as $19.50 and last traded at $19.3050, with a volume of 435 shares. The stock had previously closed at $19.08.

Wall Street Analyst Weigh In

Several research firms have commented on LXFR. Zacks Research raised shares of Luxfer from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Wall Street Zen downgraded shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Freedom Capital raised shares of Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Luxfer in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Luxfer currently has a consensus rating of “Buy”.

Luxfer Stock Up 0.2%

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 cap of $516.49 million, a PE ratio of 86.91, a price-to-earnings-growth ratio of 2.48 and a beta of 1.13. The stock has a fifty day simple moving average of $15.63 and a two-hundred day simple moving average of $14.41.

Luxfer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, April 17th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, April 17th. Luxfer’s dividend payout ratio (DPR) is presently 236.36%.

Insider Activity

In related news, Director Lisa G. Trimberger sold 4,010 shares of Luxfer stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total transaction of $60,350.50. Following the completion of the sale, the director owned 20,801 shares of the company’s stock, valued at approximately $313,055.05. This trade represents a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard J. Hipple sold 4,010 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $15.05, for a total value of $60,350.50. Following the transaction, the director owned 32,920 shares of the company’s stock, valued at approximately $495,446. The trade was a 10.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 21,368 shares of company stock worth $321,588. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Luxfer

A number of large investors have recently modified their holdings of the business. Artisan Partners Limited Partnership grew its position in Luxfer by 18.5% in the third quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock worth $23,108,000 after acquiring an additional 258,957 shares in the last quarter. American Century Companies Inc. increased its stake in Luxfer by 12.8% in the third quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock valued at $22,094,000 after acquiring an additional 180,199 shares during the last quarter. Earnest Partners LLC raised its position in Luxfer by 24.9% during the fourth quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company’s stock valued at $11,330,000 after purchasing an additional 167,023 shares in the last quarter. Bridgeway Capital Management LLC raised its position in Luxfer by 332.8% during the third 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 lifted its stake in Luxfer by 80.6% during the fourth 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 during the last quarter. 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.