Luxfer Holdings PLC $LXFR Stock Position Trimmed by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its holdings in Luxfer Holdings PLC by 32.9% during the first quarter, selling 57,326 shares to hold a total of 117,103 shares valued at approximately $1.39 million.
• Other institutional investors, including Deutsche Bank AG and Northern Trust Corp, have increased their stakes in Luxfer during the fourth quarter, indicating a significant institutional interest in the company.
• Shares of Luxfer recently opened at $14.08, with a 12-month price range between $9.41 and $15.64, reflecting its market performance and growth potential.

Goldman Sachs Group Inc. decreased its position in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 32.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,103 shares of the industrial products company's stock after selling 57,326 shares during the period. Goldman Sachs Group Inc. owned about 0.43% of Luxfer worth $1,389,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in Luxfer during the 1st quarter worth $29,000. Allspring Global Investments Holdings LLC increased its stake in Luxfer by 53.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,861 shares of the industrial products company's stock worth $409,000 after buying an additional 12,214 shares during the period. American Century Companies Inc. increased its stake in Luxfer by 5.5% during the 1st quarter. American Century Companies Inc. now owns 1,265,173 shares of the industrial products company's stock worth $15,005,000 after buying an additional 65,470 shares during the period. Millennium Management LLC purchased a new stake in Luxfer during the 4th quarter worth $3,308,000. Finally, Envestnet Asset Management Inc. increased its stake in Luxfer by 7.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 439,684 shares of the industrial products company's stock worth $5,215,000 after buying an additional 31,123 shares during the period. Hedge funds and other institutional investors own 90.82% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Luxfer from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd.

Luxfer Stock Performance

Shares of NYSE LXFR traded up $0.01 during midday trading on Tuesday, hitting $14.30. The company's stock had a trading volume of 46,365 shares, compared to its average volume of 129,357. Luxfer Holdings PLC has a 1-year low of $9.41 and a 1-year high of $15.64. The firm's fifty day moving average price is $12.80 and its 200-day moving average price is $11.91. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 1.65. The firm has a market cap of $382.67 million, a P/E ratio of 15.89, a P/E/G ratio of 1.89 and a beta of 1.13.

Luxfer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, July 18th were given a $0.13 dividend. The ex-dividend date was Friday, July 18th. This represents a $0.52 annualized dividend and a yield of 3.6%. Luxfer's dividend payout ratio (DPR) is currently 57.78%.

Luxfer Profile

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.