Vanguard Group Inc. Boosts Stock Position in Luxfer Holdings PLC $LXFR

Key Points

• Vanguard Group Inc. has increased its stake in Luxfer Holdings PLC by 1.5%, now owning 5.55% of the company, valued at approximately $17.9 million.
• Luxfer recently declared a quarterly dividend of $0.13 per share, which translates to an annual yield of 3.9% and a payout ratio of 57.78%.
• The stock is currently priced at $13.41, with a 52-week trading range between $9.41 and $15.64, reflecting a market capitalization of $358.85 million.

Vanguard Group Inc. boosted its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,510,311 shares of the industrial products company's stock after acquiring an additional 21,797 shares during the period. Vanguard Group Inc. owned 5.55% of Luxfer worth $17,912,000 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. New York State Teachers Retirement System bought a new position in shares of Luxfer during the first quarter valued at approximately $29,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Luxfer in the 4th quarter worth approximately $137,000. Aquatic Capital Management LLC bought a new position in Luxfer during the 4th quarter valued at approximately $140,000. Corton Capital Inc. purchased a new position in Luxfer during the fourth quarter valued at $142,000. Finally, Occudo Quantitative Strategies LP purchased a new position in Luxfer during the fourth quarter valued at $188,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

Wall Street Analyst Weigh In

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

Luxfer Stock Up 2.0%

Shares of Luxfer stock traded up $0.26 on Thursday, reaching $13.50. The company's stock had a trading volume of 64,309 shares, compared to its average volume of 126,804. Luxfer Holdings PLC has a 52 week low of $9.41 and a 52 week high of $15.64. The firm's fifty day simple moving average is $12.47 and its two-hundred day simple moving average is $11.86. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $361.26 million, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.78 and a beta of 1.13.

Luxfer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, July 18th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, July 18th. This represents a $0.52 annualized dividend and a yield of 3.9%. Luxfer's dividend payout ratio is currently 57.78%.

Insider Transactions at Luxfer

In other news, Director Sylvia Ann Stein sold 4,108 shares of Luxfer stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $10.02, for a total value of $41,162.16. Following the completion of the sale, the director directly owned 9,901 shares in the company, valued at $99,208.02. The trade was a 29.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen Webster sold 4,244 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $11.83, for a total transaction of $50,206.52. Following the completion of the sale, the chief financial officer owned 26,662 shares in the company, valued at $315,411.46. This represents a 13.73% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.24% of the company's stock.

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.