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 company’s stock in a transaction that occurred 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 sale, the director directly owned 32,920 shares in the company, valued at $495,446. This trade represents a 10.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Luxfer Trading Down 0.5%

Shares of LXFR opened at $17.99 on Tuesday. The stock has a market capitalization of $485.86 million, a PE ratio of 81.77, a P/E/G ratio of 2.35 and a beta of 1.13. The company’s fifty day moving average is $15.12 and its 200 day moving average is $14.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.75. Luxfer Holdings PLC has a fifty-two week low of $11.16 and a fifty-two week high of $18.74.

Luxfer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, April 17th were issued 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 dividend payout ratio (DPR) is presently 236.36%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LXFR. Zacks Research upgraded Luxfer from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Wall Street Zen downgraded Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. Freedom Capital upgraded Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a research note on Monday, March 23rd. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

Hedge Funds Weigh In On Luxfer

A number of large investors have recently bought and sold shares of LXFR. State of Alaska Department of Revenue purchased a new stake in Luxfer in the fourth quarter worth $26,000. Raymond James Financial Inc. purchased a new stake in shares of Luxfer during the second quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of Luxfer by 63.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 1,083 shares during the period. LSV Asset Management bought a new position in shares of Luxfer in the fourth quarter worth about $85,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Luxfer in the 4th quarter worth about $101,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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.