Luxfer (NYSE:LXFR) Director Patrick Mullen Sells 5,323 Shares

Luxfer Holdings PLC (NYSE:LXFRGet Free Report) Director Patrick Mullen sold 5,323 shares of Luxfer stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total transaction of $80,111.15. Following the completion of the sale, the director directly owned 42,145 shares of the company’s stock, valued at approximately $634,282.25. This trade represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Luxfer Price Performance

NYSE LXFR opened at $17.99 on Tuesday. The stock has a market capitalization of $485.86 million, a price-to-earnings ratio of 81.77, a PEG ratio of 2.35 and a beta of 1.13. Luxfer Holdings PLC has a 1-year low of $11.16 and a 1-year high of $18.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.75 and a quick ratio of 0.81. The business’s fifty day moving average price is $15.12 and its 200-day moving average price is $14.24.

Luxfer Announces Dividend

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

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on LXFR

Institutional Trading of Luxfer

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in Luxfer by 1.9% in the 1st quarter. AQR Capital Management LLC now owns 257,371 shares of the industrial products company’s stock worth $3,052,000 after purchasing an additional 4,772 shares during the period. Jane Street Group LLC raised its position in shares of Luxfer by 115.0% during the first quarter. Jane Street Group LLC now owns 46,689 shares of the industrial products company’s stock valued at $554,000 after buying an additional 24,969 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Luxfer by 20.5% in the second quarter. Franklin Resources Inc. now owns 19,199 shares of the industrial products company’s stock worth $234,000 after buying an additional 3,268 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Luxfer by 0.9% in the second quarter. Marshall Wace LLP now owns 172,736 shares of the industrial products company’s stock worth $2,104,000 after buying an additional 1,570 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Luxfer by 58.9% during the second quarter. Qube Research & Technologies Ltd now owns 133,343 shares of the industrial products company’s stock worth $1,624,000 after acquiring an additional 49,419 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

About Luxfer

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Luxfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxfer and related companies with MarketBeat.com's FREE daily email newsletter.