Luxfer (NYSE:LXFR) Hits New 1-Year High – Here’s Why

Luxfer Holdings PLC (NYSE:LXFR) shares hit a new 52-week high during trading on Monday . The company traded as high as $19.50 and last traded at $19.3050, with a volume of 435 shares changing hands. The stock had previously closed at $19.08.

Wall Street Analysts Forecast Growth

LXFR has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Luxfer in a research report on Thursday, June 18th. Freedom Capital raised Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Wall Street Zen lowered Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Finally, Zacks Research raised Luxfer from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Luxfer currently has an average rating of “Buy”.

Luxfer Stock Down 1.3%

The firm’s 50-day moving average price is $15.86 and its 200 day moving average price is $14.50. The company has a current ratio of 1.75, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $505.36 million, a price-to-earnings ratio of 85.05, a PEG ratio of 2.46 and a beta of 1.13.

Luxfer Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, April 17th. This represents a $0.52 annualized dividend and a yield of 2.8%. Luxfer’s dividend payout ratio is presently 236.36%.

Insider Transactions at Luxfer

In related news, Director Patrick K. Mullen sold 5,323 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $15.05, for a total value of $80,111.15. Following the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Sylvia Ann Stein sold 4,010 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $15.05, for a total value of $60,350.50. Following the transaction, the director directly owned 14,844 shares of the company’s stock, valued at approximately $223,402.20. The trade was a 21.27% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 21,368 shares of company stock worth $321,588. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Luxfer

Several hedge funds and other institutional investors have recently made changes to their positions in LXFR. Artisan Partners Limited Partnership increased its holdings in 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 worth $23,108,000 after purchasing an additional 258,957 shares in the last quarter. American Century Companies Inc. raised its holdings in 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. Earnest Partners LLC boosted its position in Luxfer by 24.9% during the 4th quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company’s stock worth $11,330,000 after buying an additional 167,023 shares during the period. Bridgeway Capital Management LLC grew its holdings in Luxfer by 332.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company’s stock worth $2,466,000 after acquiring an additional 136,402 shares during the last quarter. Finally, Nuveen LLC increased its position in Luxfer by 80.6% in the 4th quarter. Nuveen LLC now owns 300,565 shares of the industrial products company’s stock valued at $4,067,000 after acquiring an additional 134,120 shares during the period. 90.82% of the stock is owned by institutional investors.

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.