Insider Selling: Luxfer (NYSE:LXFR) Director Sells 4,010 Shares of Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Lisa Trimberger sold 4,010 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 20,801 shares of the company’s stock, valued at approximately $313,055.05. This represents a 16.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Luxfer Trading Up 0.5%

Shares of LXFR stock opened at $18.17 on Monday. The company has a market capitalization 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 Holdings PLC has a 52-week low of $11.16 and a 52-week high of $18.41. The business’s fifty day moving average is $15.01 and its 200 day moving average is $14.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.75.

Luxfer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, April 17th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, April 17th. Luxfer’s dividend payout ratio (DPR) is 236.36%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Luxfer

Institutional investors have recently modified their holdings of the company. Artisan Partners Limited Partnership raised its holdings in shares of Luxfer by 18.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock valued at $23,108,000 after buying an additional 258,957 shares in the last quarter. American Century Companies Inc. boosted its stake in Luxfer by 12.8% in 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 buying an additional 180,199 shares in the last quarter. Earnest Partners LLC grew 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 valued at $11,330,000 after acquiring an additional 167,023 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Luxfer by 332.8% during the third quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company’s stock worth $2,466,000 after acquiring an additional 136,402 shares in the last quarter. Finally, Nuveen LLC lifted its holdings in shares of 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 acquiring an additional 134,120 shares during the last quarter. 90.82% of the stock is currently owned by 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.