First Wilshire Securities Management Inc. Acquires 1,963 Shares of Luxfer Holdings PLC $LXFR

First Wilshire Securities Management Inc. raised its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 354,736 shares of the industrial products company’s stock after purchasing an additional 1,963 shares during the quarter. Luxfer accounts for approximately 1.2% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 28th largest holding. First Wilshire Securities Management Inc. owned approximately 1.30% of Luxfer worth $4,207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE lifted its stake in Luxfer by 48.3% in the fourth quarter. Bank of America Corp DE now owns 1,854,220 shares of the industrial products company’s stock worth $24,272,000 after acquiring an additional 603,954 shares during the period. Millennium Management LLC purchased a new stake in Luxfer in the fourth quarter worth about $3,308,000. Nuveen LLC purchased a new stake in Luxfer in the first quarter worth about $2,821,000. Royce & Associates LP lifted its stake in Luxfer by 8.4% in the first quarter. Royce & Associates LP now owns 1,759,749 shares of the industrial products company’s stock worth $20,871,000 after acquiring an additional 135,688 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Luxfer by 441.5% in the fourth quarter. JPMorgan Chase & Co. now owns 150,150 shares of the industrial products company’s stock worth $1,965,000 after acquiring an additional 122,423 shares during the period. 90.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd.

Luxfer Stock Up 0.3%

NYSE:LXFR opened at $12.44 on Tuesday. Luxfer Holdings PLC has a 1-year low of $9.41 and a 1-year high of $15.64. The company has a 50-day moving average of $12.09 and a 200 day moving average of $11.92. The firm has a market cap of $332.87 million, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.65 and a quick ratio of 0.83.

Luxfer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, July 18th were issued a $0.13 dividend. The ex-dividend date was Friday, July 18th. This represents a $0.52 dividend on an annualized basis and a yield of 4.2%. Luxfer’s payout ratio is currently 57.78%.

Insiders Place Their Bets

In other Luxfer news, Director Patrick K. Mullen sold 5,463 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.02, for a total value of $54,739.26. Following the completion of the transaction, the director directly owned 35,617 shares in the company, valued at approximately $356,882.34. The trade was a 13.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Clive Snowdon sold 4,120 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $10.02, for a total transaction of $41,282.40. Following the completion of the transaction, the director owned 21,903 shares of the company’s stock, valued at $219,468.06. This represents a 15.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,113 shares of company stock valued at $359,924 in the last three months. 1.17% of the stock is currently owned by insiders.

Luxfer 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 first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.