Insider Selling: Luxfer (NYSE:LXFR) Director Sells 5,323 Shares of Stock

Luxfer Holdings PLC (NYSE:LXFR) Director Patrick Mullen sold 5,323 shares of the firm’s stock in a transaction on 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 sale, the director owned 42,145 shares of the company’s stock, valued at approximately $634,282.25. This trade represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Luxfer Stock Performance

Luxfer stock opened at $18.17 on Monday. The stock has a 50-day simple moving average of $15.01 and a 200 day simple moving average of $14.20. The stock has a market capitalization of $490.77 million, a price-to-earnings ratio of 82.59, a P/E/G ratio of 2.35 and a beta of 1.13. 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 Holdings PLC has a 12-month low of $11.16 and a 12-month high of $18.41.

Luxfer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, April 17th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, April 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.9%. Luxfer’s payout ratio is currently 236.36%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in shares of Luxfer by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,540 shares of the industrial products company’s stock worth $1,063,000 after buying an additional 635 shares during the period. Campbell & CO Investment Adviser LLC lifted its holdings in Luxfer by 2.2% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 42,034 shares of the industrial products company’s stock valued at $569,000 after buying an additional 902 shares during the period. EverSource Wealth Advisors LLC lifted 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 valued at $34,000 after buying an additional 1,083 shares during the period. Intech Investment Management LLC boosted its stake 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 valued at $205,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Alliancebernstein L.P. boosted 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 last quarter. Institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on LXFR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Luxfer in a research note on Monday, March 23rd. Wall Street Zen cut shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. Freedom Capital raised Luxfer to a “strong-buy” rating in a report on Thursday, May 21st. Finally, Zacks Research upgraded Luxfer from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Luxfer has a consensus 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.