Luxfer Holdings PLC (NYSE:LXFR – Get Rating)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.47 and traded as low as $15.50. Luxfer shares last traded at $15.72, with a volume of 63,071 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Luxfer from a “buy” rating to a “hold” rating in a report on Tuesday.
Luxfer Stock Performance
The stock has a market cap of $431.01 million, a PE ratio of 20.15 and a beta of 0.96. The company has a fifty day moving average price of $16.10 and a 200 day moving average price of $16.47. The company has a quick ratio of 0.96, a current ratio of 2.08 and a debt-to-equity ratio of 0.37.
Luxfer Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 3rd. Investors of record on Friday, July 15th were paid a $0.13 dividend. The ex-dividend date was Thursday, July 14th. This is a boost from Luxfer’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a dividend yield of 3.31%. Luxfer’s dividend payout ratio (DPR) is presently 66.67%.
Insider Buying and Selling
In other news, Director Patrick K. Mullen acquired 6,200 shares of the business’s stock in a transaction on Friday, July 29th. The shares were acquired at an average cost of $16.12 per share, with a total value of $99,944.00. Following the transaction, the director now owns 7,450 shares in the company, valued at approximately $120,094. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by insiders.
Institutional Trading of Luxfer
A number of hedge funds have recently made changes to their positions in LXFR. Dimensional Fund Advisors LP boosted its position in shares of Luxfer by 68.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 63,443 shares of the industrial products company’s stock worth $1,225,000 after purchasing an additional 25,789 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Luxfer by 38.0% in the 4th quarter. BNP Paribas Arbitrage SA now owns 9,356 shares of the industrial products company’s stock worth $181,000 after acquiring an additional 2,578 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Luxfer by 26.0% in the 4th quarter. GSA Capital Partners LLP now owns 30,691 shares of the industrial products company’s stock worth $593,000 after acquiring an additional 6,333 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Luxfer by 132.9% in the 1st quarter. Russell Investments Group Ltd. now owns 209,246 shares of the industrial products company’s stock worth $3,514,000 after acquiring an additional 119,408 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in Luxfer by 1.3% in the 1st quarter. Royce & Associates LP now owns 1,026,516 shares of the industrial products company’s stock worth $17,245,000 after acquiring an additional 12,837 shares during the last quarter. 96.51% of the stock is owned by institutional investors.
Luxfer Company Profile
Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and emergency response, healthcare, transportation, and general industrial end-market applications. It operates in two segments, Elektron and Gas Cylinders.
- Get a free copy of the StockNews.com research report on Luxfer (LXFR)
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