Patrick Mullen Sells 5,323 Shares of Luxfer (NYSE:LXFR) Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Patrick Mullen sold 5,323 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $80,111.15. Following the completion of the transaction, the director directly owned 42,145 shares of the company’s stock, valued at approximately $634,282.25. This trade represents a 11.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Luxfer Stock Up 0.9%

Luxfer stock opened at $18.16 on Wednesday. Luxfer Holdings PLC has a 52 week low of $11.16 and a 52 week high of $18.74. The firm has a market cap of $490.61 million, a price-to-earnings ratio of 82.57, a price-to-earnings-growth ratio of 2.34 and a beta of 1.13. The business’s 50-day moving average price is $15.24 and its 200 day moving average price is $14.28. The company has a quick ratio of 0.81, a current ratio of 1.75 and a debt-to-equity ratio of 0.15.

Luxfer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, April 17th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend 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 is 236.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LXFR. State of Alaska Department of Revenue purchased a new stake in shares of Luxfer in the fourth quarter valued at approximately $26,000. Raymond James Financial Inc. purchased a new position in Luxfer during the second quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its stake in Luxfer by 63.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock worth $34,000 after buying an additional 1,083 shares during the last quarter. LSV Asset Management purchased a new stake in Luxfer in the 4th quarter valued at $85,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in Luxfer in the 4th quarter valued at $101,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LXFR has been the subject of a number of analyst reports. Freedom Capital upgraded 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 report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Finally, Wall Street Zen lowered Luxfer from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Luxfer currently has an average 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.