Luxfer (NYSE:LXFR) Director Richard Hipple Sells 4,010 Shares of Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Richard Hipple sold 4,010 shares of the stock in a transaction that occurred 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 sale, the director directly owned 32,920 shares of the company’s stock, valued at $495,446. This represents a 10.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Luxfer Stock Up 0.5%

Shares of NYSE LXFR opened at $18.17 on Monday. The company has a market capitalization of $490.77 million, a P/E ratio of 82.59, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. Luxfer Holdings PLC has a 52-week low of $11.16 and a 52-week high of $18.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.75. The company’s 50 day moving average price is $15.01 and its 200-day moving average price is $14.20.

Luxfer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Investors 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 2.9%. The ex-dividend date of this dividend was Friday, April 17th. Luxfer’s dividend payout ratio (DPR) is currently 236.36%.

Wall Street Analysts Forecast Growth

LXFR has been the topic of a number of research analyst reports. Freedom Capital raised shares of Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. 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 research report on Monday, March 23rd. Finally, Wall Street Zen cut Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Luxfer presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Luxfer

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in Luxfer by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,540 shares of the industrial products company’s stock valued at $1,063,000 after buying an additional 635 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its stake in Luxfer by 2.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 42,034 shares of the industrial products company’s stock worth $569,000 after buying an additional 902 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Luxfer by 63.3% in the first 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 in the last quarter. Intech Investment Management LLC boosted its holdings in Luxfer by 8.7% in the third quarter. Intech Investment Management LLC now owns 14,713 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Luxfer by 7.1% in the third quarter. Alliancebernstein L.P. now owns 21,200 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 1,400 shares during the period. Institutional investors 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.