Luxfer (NYSE:LXFR) Share 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 Tuesday . The stock has a two hundred day moving average of $13.50 and traded as high as $15.33. Luxfer shares last traded at $15.0790, with a volume of 98,636 shares traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LXFR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Wall Street Zen raised Luxfer from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research raised Luxfer from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Luxfer presently has an average rating of “Hold”.

Luxfer Price Performance

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 company has a market cap of $407.28 million, a PE ratio of 68.54, a P/E/G ratio of 2.01 and a beta of 1.10. The firm has a 50 day moving average of $12.89 and a two-hundred day moving average of $13.50.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, April 17th were paid a $0.13 dividend. The ex-dividend date was Friday, April 17th. This represents a $0.52 annualized dividend and a dividend yield of 3.4%. Luxfer’s dividend payout ratio is presently 236.36%.

Institutional Trading of Luxfer

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Wilshire Securities Management Inc. grew its stake in shares of Luxfer by 0.7% in the 1st quarter. First Wilshire Securities Management Inc. now owns 342,174 shares of the industrial products company’s stock worth $4,168,000 after buying an additional 2,454 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Luxfer by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 976,873 shares of the industrial products company’s stock worth $11,898,000 after buying an additional 58,197 shares during the last quarter. Strs Ohio purchased a new stake in shares of Luxfer in the 1st quarter worth approximately $318,000. Ritholtz Wealth Management purchased a new stake in shares of Luxfer in the 1st quarter worth approximately $146,000. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of Luxfer in the 4th quarter worth approximately $235,000. 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.