Luxfer (NYSE:LXFR) Director Sells $60,350.50 in Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Sylvia Ann Stein sold 4,010 shares of Luxfer stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $60,350.50. Following the completion of the sale, the director directly owned 14,844 shares of the company’s stock, valued at $223,402.20. This trade represents a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Luxfer Stock Up 0.6%

NYSE LXFR opened at $18.30 on Thursday. The stock has a fifty day moving average of $15.37 and a 200-day moving average of $14.32. The stock has a market capitalization of $494.31 million, a P/E ratio of 83.19, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. Luxfer Holdings PLC has a 52 week low of $11.16 and a 52 week high of $18.74. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, April 17th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, April 17th. Luxfer’s dividend payout ratio (DPR) is 236.36%.

Analyst Ratings Changes

LXFR has been the subject of several research reports. Freedom Capital raised Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Zacks Research raised Luxfer from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a research note on Monday, March 23rd. Finally, Wall Street Zen cut Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. 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”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LXFR. State of Alaska Department of Revenue bought a new position in Luxfer during the fourth quarter worth about $26,000. Raymond James Financial Inc. bought a new position in Luxfer during the second quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its holdings in Luxfer by 63.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 1,083 shares in the last quarter. LSV Asset Management bought a new position in Luxfer during the fourth quarter worth about $85,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in Luxfer during the fourth quarter worth about $101,000. 90.82% of the stock is currently owned by institutional investors.

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.