Bank of America Corp DE Purchases 603,954 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Bank of America Corp DE raised its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 48.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,854,220 shares of the industrial products company's stock after purchasing an additional 603,954 shares during the period. Bank of America Corp DE owned 6.92% of Luxfer worth $24,272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royce & Associates LP raised its position in shares of Luxfer by 20.4% in the 4th quarter. Royce & Associates LP now owns 1,624,061 shares of the industrial products company's stock worth $21,259,000 after acquiring an additional 275,669 shares in the last quarter. Artisan Partners Limited Partnership increased its position in Luxfer by 17.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 785,487 shares of the industrial products company's stock valued at $10,282,000 after buying an additional 115,623 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Luxfer by 14.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 670,564 shares of the industrial products company's stock valued at $8,778,000 after buying an additional 84,097 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Luxfer by 23.3% during the 4th quarter. First Eagle Investment Management LLC now owns 425,656 shares of the industrial products company's stock valued at $5,572,000 after purchasing an additional 80,500 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Luxfer by 0.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 402,553 shares of the industrial products company's stock valued at $5,269,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors own 90.82% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Luxfer from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 21st.

Luxfer Stock Down 0.4%

LXFR traded down $0.05 during trading on Friday, hitting $11.17. 148,908 shares of the company's stock traded hands, compared to its average volume of 133,517. The company's 50 day simple moving average is $10.98 and its two-hundred day simple moving average is $12.71. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. Luxfer Holdings PLC has a 12-month low of $9.41 and a 12-month high of $15.64. The stock has a market capitalization of $304.10 million, a price-to-earnings ratio of 33.83, a PEG ratio of 1.85 and a beta of 1.09.

Luxfer (NYSE:LXFR - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.03. The firm had revenue of $103.40 million for the quarter, compared to the consensus estimate of $89.50 million. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. Analysts predict that Luxfer Holdings PLC will post 0.85 earnings per share for the current fiscal year.

Luxfer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Friday, April 18th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, April 17th. This represents a $0.52 annualized dividend and a yield of 4.66%. Luxfer's dividend payout ratio (DPR) is presently 66.67%.

Insider Activity at Luxfer

In related news, insider Graham Wardlow sold 4,874 shares of Luxfer stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $11.95, for a total transaction of $58,244.30. Following the transaction, the insider now directly owns 33,809 shares in the company, valued at approximately $404,017.55. The trade was a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.17% of the stock is owned by company insiders.

About Luxfer

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.