Luxfer (NYSE:LXFR) Director Sells $60,350.50 in Stock

Luxfer Holdings PLC (NYSE:LXFR) 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 transaction, the director owned 14,844 shares in the company, valued at approximately $223,402.20. This trade represents a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Luxfer Stock Performance

Shares of LXFR opened at $18.17 on Monday. The firm has a market capitalization of $490.77 million, a P/E ratio of 82.59, a PEG 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 Holdings PLC has a one year low of $11.16 and a one year high of $18.41. The business has a fifty day moving average of $15.01 and a 200 day moving average of $14.20.

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 paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, April 17th. Luxfer’s payout ratio is currently 236.36%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LXFR. Artisan Partners Limited Partnership lifted its position in shares of Luxfer by 18.5% during 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 buying an additional 258,957 shares in the last quarter. American Century Companies Inc. increased its holdings in Luxfer by 12.8% in 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 in the last quarter. Earnest Partners LLC increased its holdings in 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 acquiring an additional 167,023 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Luxfer by 332.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company’s stock worth $2,466,000 after acquiring an additional 136,402 shares during the period. Finally, Nuveen LLC raised its stake in Luxfer by 80.6% during the 4th quarter. Nuveen LLC now owns 300,565 shares of the industrial products company’s stock worth $4,067,000 after acquiring an additional 134,120 shares during the period. Institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

LXFR has been the topic of several recent research reports. Zacks Research upgraded shares of Luxfer from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Freedom Capital raised shares of Luxfer to a “strong-buy” rating in a report on Thursday, May 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Finally, Wall Street Zen cut shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.