Luxfer (NYSE:LXFR) Director Sells $60,425.75 in Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Clive Snowdon sold 4,015 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 value of $60,425.75. Following the sale, the director directly owned 26,841 shares in the company, valued at $403,957.05. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Luxfer Stock Up 0.6%

Shares of Luxfer stock opened at $18.30 on Thursday. The stock’s fifty day moving average is $15.37 and its 200-day moving average is $14.32. The firm has a market capitalization of $494.31 million, a PE ratio of 83.19, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. The company has a quick ratio of 0.81, a current ratio of 1.75 and a debt-to-equity ratio of 0.15. Luxfer Holdings PLC has a 12-month low of $11.16 and a 12-month high of $18.74.

Luxfer Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.8%. Luxfer’s payout ratio is 236.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. Zacks Research raised Luxfer from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Freedom Capital upgraded Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a research note 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 company’s stock. Based on data from MarketBeat.com, Luxfer presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Luxfer

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Luxfer by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,540 shares of the industrial products company’s stock worth $1,063,000 after purchasing an additional 635 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in Luxfer by 2.2% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 42,034 shares of the industrial products company’s stock worth $569,000 after purchasing an additional 902 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Luxfer by 63.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock worth $34,000 after buying an additional 1,083 shares during the last quarter. Intech Investment Management LLC increased its position in Luxfer by 8.7% during the third quarter. Intech Investment Management LLC now owns 14,713 shares of the industrial products company’s stock worth $205,000 after buying an additional 1,178 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Luxfer by 7.1% during the third quarter. Alliancebernstein L.P. now owns 21,200 shares of the industrial products company’s stock worth $295,000 after buying an additional 1,400 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

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.