Luxfer Holdings PLC (NYSE:LXFR) Plans Quarterly Dividend of $0.13

Luxfer Holdings PLC (NYSE:LXFR) declared a quarterly dividend on Monday, July 6th. Stockholders of record on Friday, July 17th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, August 5th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th.

Luxfer has raised its dividend by an average of 0.0%annually over the last three years. Luxfer has a payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Luxfer to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 38.5%.

Luxfer Stock Performance

Shares of LXFR traded down $0.58 on Tuesday, reaching $16.77. 15,317 shares of the company’s stock traded hands, compared to its average volume of 176,092. 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 $452.96 million, a PE ratio of 76.23, a PEG ratio of 2.23 and a beta of 1.12. The stock’s 50 day simple moving average is $16.76 and its two-hundred day simple moving average is $14.78. Luxfer has a 52-week low of $11.19 and a 52-week high of $19.45.

Insiders Place Their Bets

In other news, Director Sylvia Ann Stein sold 4,010 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total transaction of $60,350.50. Following the transaction, the director owned 14,844 shares of the company’s stock, valued at $223,402.20. This represents a 21.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Clive Snowdon sold 4,015 shares of the 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 transaction, the director owned 26,841 shares of the company’s stock, valued at $403,957.05. The trade was a 13.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 21,368 shares of company stock valued at $321,588. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Luxfer

Several institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted 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 purchasing an additional 180,199 shares during the period. Strs Ohio bought a new stake in shares of Luxfer in the first quarter valued at approximately $318,000. Ritholtz Wealth Management purchased a new stake in shares of Luxfer during the 1st quarter valued at approximately $146,000. Royce & Associates LP lifted its stake in shares of Luxfer by 1.5% during the 4th quarter. Royce & Associates LP now owns 1,802,435 shares of the industrial products company’s stock valued at $24,387,000 after buying an additional 26,046 shares in the last quarter. Finally, LSV Asset Management bought a new position in Luxfer in the 4th quarter worth approximately $85,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

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.