Luxfer Holdings PLC (NYSE:LXFR) Short Interest Down 31.6% in October

Luxfer Holdings PLC (NYSE:LXFR) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 372,500 shares, a decline of 31.6% from the September 30th total of 544,200 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 120,200 shares, the short-interest ratio is presently 3.1 days. Based on an average daily trading volume, of 120,200 shares, the short-interest ratio is presently 3.1 days. Currently, 1.4% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

LXFR has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Luxfer in a report on Wednesday, October 8th. Wall Street Zen cut Luxfer from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Luxfer presently has an average rating of “Hold”.

Luxfer Price Performance

NYSE:LXFR traded down $0.09 during midday trading on Tuesday, hitting $12.34. 112,886 shares of the stock were exchanged, compared to its average volume of 125,370. Luxfer has a one year low of $9.41 and a one year high of $15.64. The company has a market capitalization of $329.62 million, a price-to-earnings ratio of 23.28, a P/E/G ratio of 1.64 and a beta of 1.10. The business has a 50-day moving average price of $13.46 and a two-hundred day moving average price of $12.37. The company has a current ratio of 1.66, a quick ratio of 0.71 and a debt-to-equity ratio of 0.08.

Luxfer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Friday, October 17th will be given a $0.13 dividend. The ex-dividend date is Friday, October 17th. This represents a $0.52 annualized dividend and a yield of 4.2%. Luxfer’s payout ratio is 98.11%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new position in Luxfer in the first quarter worth approximately $29,000. Allspring Global Investments Holdings LLC grew its position in Luxfer by 53.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 34,861 shares of the industrial products company’s stock worth $409,000 after buying an additional 12,214 shares during the last quarter. American Century Companies Inc. grew its position in Luxfer by 5.5% in the first quarter. American Century Companies Inc. now owns 1,265,173 shares of the industrial products company’s stock worth $15,005,000 after buying an additional 65,470 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Luxfer by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 439,684 shares of the industrial products company’s stock worth $5,215,000 after buying an additional 31,123 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Luxfer by 1.5% in the first quarter. Vanguard Group Inc. now owns 1,510,311 shares of the industrial products company’s stock worth $17,912,000 after buying an additional 21,797 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Luxfer Company Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.