Dimensional Fund Advisors LP Buys 58,197 Shares of Luxfer Holdings PLC $LXFR

Dimensional Fund Advisors LP boosted its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 976,873 shares of the industrial products company’s stock after acquiring an additional 58,197 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Luxfer were worth $11,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in shares of Luxfer in the 4th quarter valued at $26,000. Raymond James Financial Inc. acquired a new stake in shares of Luxfer during the 2nd quarter worth about $29,000. LSV Asset Management acquired a new stake in shares of Luxfer during the 4th quarter worth about $85,000. Nano Cap New Millennium Growth Fund L P bought a new position in Luxfer during the 4th quarter valued at about $101,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Luxfer during the 4th quarter valued at about $142,000. 90.82% of the stock is owned by institutional investors.

Luxfer Stock Up 0.1%

Shares of NYSE LXFR opened at $17.11 on Friday. Luxfer Holdings PLC has a 12-month low of $11.26 and a 12-month high of $19.45. The firm’s 50-day simple moving average is $17.49 and its 200 day simple moving average is $15.26. The company has a quick ratio of 1.05, a current ratio of 2.33 and a debt-to-equity ratio of 0.26. The company has a market cap of $457.73 million, a price-to-earnings ratio of 57.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.13.

Luxfer (NYSE:LXFR) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Luxfer had a net margin of 2.20% and a return on equity of 12.22%. The firm had revenue of $95.70 million during the quarter, compared to analysts’ expectations of $90.30 million. On average, research analysts expect that Luxfer Holdings PLC will post 1.1 earnings per share for the current fiscal year.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Friday, July 17th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.0%. Luxfer’s dividend payout ratio (DPR) is currently 173.33%.

Insiders Place Their Bets

In related news, Director Clive Snowdon sold 4,015 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $60,425.75. Following the completion of the transaction, the director owned 26,841 shares in the company, valued at $403,957.05. The trade was a 13.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard J. Hipple sold 4,010 shares of the company’s stock in a transaction on 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 32,920 shares in the company, valued at approximately $495,446. This represents a 10.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,368 shares of company stock valued at $321,588 over the last quarter. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on LXFR shares. Zacks Research lowered shares of Luxfer from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research note on Thursday, June 18th. Freedom Capital upgraded Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen cut Luxfer from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Luxfer has an average rating of “Moderate 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.