Luxfer (NYSE:LXFR) Director Sells $80,111.15 in Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Patrick Mullen sold 5,323 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total transaction of $80,111.15. Following the completion of the transaction, the director owned 42,145 shares of the company’s stock, valued at $634,282.25. This trade represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Luxfer Price Performance

Shares of LXFR stock opened at $18.30 on Thursday. The company has a market capitalization of $494.31 million, a PE ratio of 83.19, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. The firm has a fifty day simple moving average of $15.37 and a 200-day simple moving average of $14.32. The company has a current ratio of 1.75, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Luxfer Holdings PLC has a twelve month low of $11.16 and a twelve month high of $18.74.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, April 17th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, April 17th. Luxfer’s dividend payout ratio is 236.36%.

Wall Street Analyst Weigh In

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

Institutional Trading of Luxfer

Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in Luxfer during the 4th quarter valued at about $26,000. Raymond James Financial Inc. acquired a new position in Luxfer during the 2nd quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its stake in Luxfer by 63.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock valued at $34,000 after buying an additional 1,083 shares during the period. LSV Asset Management acquired a new position in Luxfer during the 4th quarter valued at about $85,000. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in Luxfer during the 4th quarter valued at about $101,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Luxfer Company Profile

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.