Richard Hipple Sells 4,010 Shares of Luxfer (NYSE:LXFR) Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Richard Hipple sold 4,010 shares of the business’s 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 32,920 shares of the company’s stock, valued at $495,446. The trade was a 10.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Luxfer Price Performance

NYSE LXFR opened at $18.16 on Wednesday. Luxfer Holdings PLC has a 1 year low of $11.16 and a 1 year high of $18.74. The company has a fifty day simple moving average of $15.24 and a 200 day simple moving average of $14.28. 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 company has a market cap 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.

Luxfer Dividend Announcement

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

Institutional Trading of Luxfer

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Luxfer by 63.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 1,083 shares during the period. Empowered Funds LLC boosted its stake in Luxfer by 21.2% during the first quarter. Empowered Funds LLC now owns 137,186 shares of the industrial products company’s stock worth $1,671,000 after buying an additional 24,003 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Luxfer during the first quarter worth $956,000. Arrowstreet Capital Limited Partnership increased its holdings in Luxfer by 17.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 488,252 shares of the industrial products company’s stock valued at $5,947,000 after buying an additional 70,989 shares during the period. Finally, First Wilshire Securities Management Inc. increased its holdings in Luxfer by 0.7% in the 1st quarter. First Wilshire Securities Management Inc. now owns 342,174 shares of the industrial products company’s stock valued at $4,168,000 after buying an additional 2,454 shares during the period. Institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

LXFR has been the topic of a number of recent analyst reports. Zacks Research upgraded Luxfer from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Freedom Capital raised 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 report on Monday, March 23rd. Finally, Wall Street Zen cut Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

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.