Luxfer (NYSE:LXFR) Sets New 12-Month High – Should You Buy?

Luxfer Holdings PLC (NYSE:LXFR) shares hit a new 52-week high during trading on Monday . The stock traded as high as $18.65 and last traded at $18.5950, with a volume of 6495 shares traded. The stock had previously closed at $18.08.

Wall Street Analyst Weigh In

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

Luxfer Stock Up 0.9%

The firm has a 50-day moving average of $15.24 and a 200 day moving average of $14.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.75 and a quick ratio of 0.81. The stock has a market capitalization of $490.61 million, a price-to-earnings ratio of 82.57, a PEG ratio of 2.34 and a beta of 1.13.

Luxfer Dividend Announcement

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

Insider Transactions at Luxfer

In other Luxfer news, Director Clive Snowdon sold 4,015 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $60,425.75. Following the completion of the sale, the director owned 26,841 shares in the company, valued at $403,957.05. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard J. Hipple sold 4,010 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total transaction of $60,350.50. Following the completion of the sale, the director owned 32,920 shares of the company’s stock, valued at approximately $495,446. This represents a 10.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 21,368 shares of company stock valued at $321,588. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in shares of Luxfer during the 4th quarter worth approximately $26,000. Raymond James Financial Inc. bought a new position in shares of Luxfer during the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of Luxfer by 63.3% during the 1st 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 during the period. LSV Asset Management bought a new position in shares of Luxfer during the 4th quarter worth approximately $85,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Luxfer during the 4th 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.