Luxfer (NYSE:LXFR) Stock Price Crosses Below 200 Day Moving Average of $16.47

Luxfer Holdings PLC (NYSE:LXFRGet 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 (NYSE:LXFRGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $109.50 million for the quarter, compared to the consensus estimate of $105.25 million. Luxfer had a return on equity of 16.11% and a net margin of 5.37%. Analysts expect that Luxfer Holdings PLC will post 1.32 earnings per share for the current year.

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

(Get Rating)

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.

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