D. E. Shaw & Co. Inc. lowered its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 39.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,173 shares of the industrial products company's stock after selling 33,726 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.19% of Luxfer worth $683,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its position in Luxfer by 48.3% during the fourth quarter. Bank of America Corp DE now owns 1,854,220 shares of the industrial products company's stock valued at $24,272,000 after buying an additional 603,954 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of Luxfer by 2,131.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 312,400 shares of the industrial products company's stock worth $4,089,000 after acquiring an additional 298,400 shares during the last quarter. Royce & Associates LP grew its position in shares of Luxfer by 20.4% during the 4th quarter. Royce & Associates LP now owns 1,624,061 shares of the industrial products company's stock valued at $21,259,000 after acquiring an additional 275,669 shares during the period. JPMorgan Chase & Co. grew its position in shares of Luxfer by 441.5% during the 4th quarter. JPMorgan Chase & Co. now owns 150,150 shares of the industrial products company's stock valued at $1,965,000 after acquiring an additional 122,423 shares during the period. Finally, Artisan Partners Limited Partnership increased its stake in shares of Luxfer by 17.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 785,487 shares of the industrial products company's stock worth $10,282,000 after purchasing an additional 115,623 shares in the last quarter. Institutional investors own 90.82% of the company's stock.
Luxfer Stock Performance
LXFR traded up $0.21 during midday trading on Thursday, reaching $11.61. The company had a trading volume of 104,969 shares, compared to its average volume of 133,214. The business has a 50-day moving average of $10.96 and a two-hundred day moving average of $12.66. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. Luxfer Holdings PLC has a 1 year low of $9.41 and a 1 year high of $15.64. The company has a market cap of $316.22 million, a P/E ratio of 35.18, a P/E/G ratio of 1.85 and a beta of 1.09.
Luxfer (NYSE:LXFR - Get Free Report) last released its earnings results on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. The company had revenue of $103.40 million during the quarter, compared to analyst estimates of $89.50 million. As a group, equities research analysts predict that Luxfer Holdings PLC will post 0.85 earnings per share for the current fiscal year.
Luxfer Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Friday, April 18th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.52 dividend on an annualized basis and a yield of 4.48%. Luxfer's dividend payout ratio is presently 66.67%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Luxfer from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 21st.
Read Our Latest Research Report on Luxfer
Insider Buying and Selling
In related news, insider Graham Wardlow sold 7,962 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $11.33, for a total transaction of $90,209.46. Following the sale, the insider now owns 25,847 shares of the company's stock, valued at $292,846.51. This represents a 23.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.24% of the stock is owned by company insiders.
About Luxfer
(
Free Report)
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.
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