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

Luxfer Holdings PLC (NYSE:LXFR) Director Clive Snowdon sold 4,015 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were 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 approximately $403,957.05. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Luxfer Stock Up 0.9%

LXFR stock opened at $18.16 on Wednesday. The company has a market capitalization of $490.61 million, a P/E ratio of 82.57, a PEG ratio of 2.34 and a beta of 1.13. The company has a current ratio of 1.75, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Luxfer Holdings PLC has a twelve month low of $11.16 and a twelve month high of $18.74. The firm has a 50 day simple moving average of $15.24 and a 200-day simple moving average of $14.28.

Luxfer Dividend Announcement

The company 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. This represents a $0.52 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, April 17th. Luxfer’s dividend payout ratio (DPR) is 236.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in shares of Luxfer during the fourth quarter valued at about $26,000. Raymond James Financial Inc. bought a new stake in shares of Luxfer during the 2nd quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Luxfer by 63.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 1,083 shares in the last quarter. LSV Asset Management acquired a new position in shares of Luxfer during the fourth quarter valued at approximately $85,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in Luxfer during the fourth quarter worth approximately $101,000. Institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LXFR shares. Freedom Capital raised shares of Luxfer to a “strong-buy” rating in a report on Thursday, May 21st. Zacks Research raised shares of Luxfer from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Finally, Wall Street Zen downgraded Luxfer from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

About Luxfer

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.