Luxfer (NYSE:LXFR) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Luxfer Holdings PLC (NYSE:LXFR)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.44 and traded as high as $17.19. Luxfer shares last traded at $17.18, with a volume of 203,421 shares.

Analyst Ratings Changes

LXFR has been the topic of a number of research reports. Zacks Research downgraded shares of Luxfer from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a research report on Thursday, June 18th. Freedom Capital upgraded shares of Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen lowered shares of Luxfer from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Luxfer Trading Up 0.1%

The firm has a market capitalization of $459.18 million, a PE ratio of 57.20, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. The company has a quick ratio of 1.05, a current ratio of 2.33 and a debt-to-equity ratio of 0.26. The company’s 50-day simple moving average is $17.31 and its 200 day simple moving average is $15.45.

Luxfer (NYSE:LXFR) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Luxfer had a net margin of 2.20% and a return on equity of 12.22%. The firm had revenue of $95.70 million for the quarter, compared to the consensus estimate of $90.30 million. As a group, sell-side analysts expect that Luxfer Holdings PLC will post 1.1 EPS for the current year.

Luxfer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Friday, July 17th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, July 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.0%. Luxfer’s dividend payout ratio is presently 173.33%.

Insider Activity

In other news, Director Patrick K. Mullen sold 5,323 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 $80,111.15. Following the completion of the sale, the director owned 42,145 shares of the company’s stock, valued at $634,282.25. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the director directly owned 14,844 shares of the company’s stock, valued at $223,402.20. The trade was a 21.27% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 21,368 shares of company stock worth $321,588. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Luxfer

A number of large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Luxfer during the second quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its position in Luxfer by 63.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 1,083 shares during the last quarter. LSV Asset Management purchased a new stake in Luxfer during the 4th quarter worth approximately $85,000. California State Teachers Retirement System increased its stake in Luxfer by 362.5% during the 2nd quarter. California State Teachers Retirement System now owns 6,693 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 5,246 shares in the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in Luxfer during the 4th quarter valued at approximately $101,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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.