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

Luxfer Holdings PLC (NYSE:LXFR) Director Richard Hipple sold 4,010 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total transaction of $60,350.50. Following the transaction, the director owned 32,920 shares of the company’s stock, valued at approximately $495,446. This represents a 10.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Luxfer Stock Performance

Shares of Luxfer stock opened at $18.17 on Monday. The company’s 50 day moving average price is $15.01 and its two-hundred day moving average price is $14.20. The firm has a market capitalization of $490.77 million, a P/E ratio of 82.59, a P/E/G ratio of 2.35 and a beta of 1.13. Luxfer Holdings PLC has a fifty-two week low of $11.16 and a fifty-two week high of $18.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.75 and a quick ratio of 0.81.

Luxfer Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, April 17th. Luxfer’s dividend payout ratio is presently 236.36%.

Institutional Trading of Luxfer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC bought a new position in Luxfer during the 3rd quarter worth $1,241,000. American Century Companies Inc. grew its position in shares of Luxfer by 12.8% in the 3rd quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock valued at $22,094,000 after buying an additional 180,199 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of Luxfer by 18.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock valued at $23,108,000 after buying an additional 258,957 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of Luxfer by 0.6% in the third quarter. Hillsdale Investment Management Inc. now owns 458,663 shares of the industrial products company’s stock valued at $6,375,000 after buying an additional 2,678 shares during the period. Finally, Savant Capital LLC raised its position in shares of Luxfer by 7.9% during the third quarter. Savant Capital LLC now owns 19,554 shares of the industrial products company’s stock worth $272,000 after acquiring an additional 1,427 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.