Luxfer (NYSE:LXFR) Director Clive Snowdon Sells 4,015 Shares

Luxfer Holdings PLC (NYSE:LXFR) Director Clive Snowdon sold 4,015 shares of Luxfer stock in a transaction that occurred 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 transaction, the director owned 26,841 shares of the company’s stock, valued at $403,957.05. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Luxfer Stock Up 0.5%

LXFR opened at $18.17 on Monday. Luxfer Holdings PLC has a 1-year low of $11.16 and a 1-year high of $18.41. The stock’s fifty day simple moving average is $15.01 and its 200 day simple moving average is $14.20. 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 stock has a market cap of $490.77 million, a PE ratio of 82.59, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13.

Luxfer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, April 17th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, April 17th. Luxfer’s payout ratio is currently 236.36%.

Wall Street Analysts Forecast Growth

LXFR has been the subject of a number of research reports. Wall Street Zen cut shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Zacks Research upgraded shares of Luxfer from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Luxfer in a report on Monday, March 23rd. Finally, Freedom Capital upgraded Luxfer to a “strong-buy” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Luxfer has an average rating of “Buy”.

Institutional Investors Weigh In On Luxfer

Hedge funds and other institutional investors have recently modified their holdings of the company. Artisan Partners Limited Partnership boosted its position in shares of Luxfer by 18.5% in the third quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock valued at $23,108,000 after acquiring an additional 258,957 shares during the period. American Century Companies Inc. increased its position in Luxfer by 12.8% during the third quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock worth $22,094,000 after acquiring an additional 180,199 shares during the period. Earnest Partners LLC increased its position in Luxfer by 24.9% during the fourth quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company’s stock worth $11,330,000 after acquiring an additional 167,023 shares during the period. Bridgeway Capital Management LLC raised its stake in Luxfer by 332.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company’s stock worth $2,466,000 after purchasing an additional 136,402 shares in the last quarter. Finally, Nuveen LLC raised its stake in Luxfer by 80.6% in the 4th quarter. Nuveen LLC now owns 300,565 shares of the industrial products company’s stock worth $4,067,000 after purchasing an additional 134,120 shares in the last quarter. Institutional investors and hedge funds 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.