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

Shares of Luxfer Holdings PLC (NYSE:LXFR) 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 changing hands. The stock had previously closed at $18.08.

Wall Street Analysts Forecast Growth

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

Luxfer Stock Up 0.1%

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 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 fifty day moving average price of $15.01 and a 200 day moving average price of $14.20.

Luxfer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, April 17th were issued 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 payout ratio is presently 236.36%.

Insiders Place Their Bets

In other Luxfer news, Director Lisa G. Trimberger sold 4,010 shares of the company’s stock in a transaction that occurred 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 20,801 shares of the company’s stock, valued at $313,055.05. This represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Hipple sold 4,010 shares of the company’s stock in a transaction that occurred 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 approximately $495,446. This represents a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,368 shares of company stock valued at $321,588 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Luxfer

Several hedge funds and other institutional investors have recently bought and sold shares of LXFR. AQR Capital Management LLC boosted its stake in Luxfer by 1.9% in the first quarter. AQR Capital Management LLC now owns 257,371 shares of the industrial products company’s stock worth $3,052,000 after buying an additional 4,772 shares in the last quarter. Jane Street Group LLC boosted its stake in Luxfer by 115.0% in the first quarter. Jane Street Group LLC now owns 46,689 shares of the industrial products company’s stock worth $554,000 after buying an additional 24,969 shares in the last quarter. Franklin Resources Inc. boosted its stake in Luxfer by 20.5% in the second quarter. Franklin Resources Inc. now owns 19,199 shares of the industrial products company’s stock worth $234,000 after buying an additional 3,268 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Luxfer by 0.9% during the second quarter. Marshall Wace LLP now owns 172,736 shares of the industrial products company’s stock valued at $2,104,000 after purchasing an additional 1,570 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Luxfer by 58.9% during the second quarter. Qube Research & Technologies Ltd now owns 133,343 shares of the industrial products company’s stock valued at $1,624,000 after purchasing an additional 49,419 shares during the period. Hedge funds and other 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.