The Manufacturers Life Insurance Company Lowers Position in Luxfer Holdings PLC (NYSE:LXFR)

The Manufacturers Life Insurance Company decreased its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 11.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,429 shares of the industrial products company’s stock after selling 2,080 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of Luxfer worth $328,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LXFR. Kempen Capital Management N.V. raised its stake in Luxfer by 26.4% during the fourth quarter. Kempen Capital Management N.V. now owns 1,623,923 shares of the industrial products company’s stock valued at $26,665,000 after buying an additional 339,272 shares during the last quarter. Comerica Bank purchased a new position in shares of Luxfer in the first quarter worth $2,485,000. William Blair Investment Management LLC raised its stake in shares of Luxfer by 5.6% in the fourth quarter. William Blair Investment Management LLC now owns 1,700,597 shares of the industrial products company’s stock worth $27,924,000 after purchasing an additional 90,940 shares during the last quarter. Robecosam AG raised its stake in shares of Luxfer by 13.2% in the fourth quarter. Robecosam AG now owns 600,000 shares of the industrial products company’s stock worth $9,852,000 after purchasing an additional 70,000 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Luxfer by 181.4% in the fourth quarter. JPMorgan Chase & Co. now owns 84,159 shares of the industrial products company’s stock worth $1,382,000 after purchasing an additional 54,252 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

In other Luxfer news, insider Graham Wardlow sold 6,400 shares of the business’s stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of $21.80, for a total transaction of $139,520.00. Following the completion of the sale, the insider now owns 25,225 shares of the company’s stock, valued at $549,905. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Gardella sold 20,614 shares of the business’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $21.35, for a total value of $440,108.90. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

Several research firms have recently weighed in on LXFR. Zacks Investment Research upgraded Luxfer from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, May 18th. Roth Capital lifted their price objective on Luxfer from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, April 29th. Finally, B. Riley lifted their price objective on Luxfer from $24.50 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th.

Shares of LXFR opened at $22.76 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.40 and a debt-to-equity ratio of 0.41. Luxfer Holdings PLC has a one year low of $11.74 and a one year high of $23.91. The company has a market capitalization of $652.07 million, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.55 and a beta of 1.10. The business has a fifty day moving average price of $21.75.

Luxfer (NYSE:LXFR) last released its quarterly earnings results on Sunday, April 25th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.14. Luxfer had a return on equity of 15.90% and a net margin of 8.15%. The business had revenue of $85.20 million during the quarter, compared to analyst estimates of $83.40 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. Luxfer’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, research analysts anticipate that Luxfer Holdings PLC will post 1.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 5th. Shareholders of record on Friday, April 16th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, April 15th. Luxfer’s dividend payout ratio is presently 53.76%.

About Luxfer

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and emergency response, healthcare, transportation, and general industrial end-market applications. It operates in two segments, Gas Cylinders and Elektron.

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Institutional Ownership by Quarter for Luxfer (NYSE:LXFR)

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