Luxfer (NYSE:LXFR) Reaches New 52-Week High – Should You Buy?

Luxfer Holdings PLC (NYSE:LXFR)’s share price hit a new 52-week high during trading on Monday . The stock 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LXFR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Luxfer in a report on Thursday. Zacks Research upgraded shares of Luxfer from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Freedom Capital upgraded shares of Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen downgraded shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 31st. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Luxfer currently has an average rating of “Buy”.

Luxfer Stock Performance

The stock has a market cap of $516.49 million, a PE ratio of 86.91, a P/E/G ratio of 2.48 and a beta of 1.13. The company has a fifty day moving average price of $15.63 and a 200 day moving average price of $14.41. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, April 17th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, April 17th. Luxfer’s dividend payout ratio (DPR) is presently 236.36%.

Insiders Place Their Bets

In other Luxfer news, Director Clive Snowdon sold 4,015 shares of the business’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 $60,425.75. Following the completion of the sale, the director owned 26,841 shares in the company, valued at approximately $403,957.05. The trade was a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard J. Hipple sold 4,010 shares of the 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 $60,350.50. Following the sale, the director directly owned 32,920 shares of the company’s stock, valued at approximately $495,446. This trade represents a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 21,368 shares of company stock worth $321,588. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Luxfer

A number of large investors have recently added to or reduced their stakes in LXFR. Royce & Associates LP raised its stake in shares of Luxfer by 1.5% during the fourth quarter. Royce & Associates LP now owns 1,802,435 shares of the industrial products company’s stock valued at $24,387,000 after acquiring an additional 26,046 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Luxfer by 2.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,700,550 shares of the industrial products company’s stock worth $23,008,000 after purchasing an additional 38,108 shares during the period. American Century Companies Inc. grew its stake in shares of Luxfer by 12.8% in the third quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock worth $22,094,000 after purchasing an additional 180,199 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Luxfer by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 976,873 shares of the industrial products company’s stock worth $11,898,000 after purchasing an additional 58,197 shares during the last quarter. Finally, Earnest Partners LLC increased its holdings in Luxfer by 24.9% during the 4th quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company’s stock valued at $11,330,000 after purchasing an additional 167,023 shares during the period. 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.