Vanguard Group Inc. Grows 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 position in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 1.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,510,311 shares of the industrial products company's stock after buying an additional 21,797 shares during the period. Vanguard Group Inc. owned approximately 5.55% of Luxfer worth $17,912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in Luxfer during the first quarter worth $29,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Luxfer in the 4th quarter worth about $137,000. Aquatic Capital Management LLC bought a new position in Luxfer in the 4th quarter valued at about $140,000. Corton Capital Inc. bought a new stake in Luxfer during the 4th quarter worth approximately $142,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Luxfer in the fourth quarter worth approximately $188,000. Institutional investors own 90.82% of the company's stock.

Luxfer Stock Performance

Shares of LXFR stock traded up $0.05 on Wednesday, hitting $13.26. 32,390 shares of the stock were exchanged, compared to its average volume of 129,194. The firm's 50 day moving average is $12.40 and its two-hundred day moving average is $11.86. Luxfer Holdings PLC has a one year low of $9.41 and a one year high of $15.64. The firm has a market capitalization of $354.70 million, a PE ratio of 14.73, a P/E/G ratio of 1.80 and a beta of 1.13. The company has a current ratio of 1.65, a quick ratio of 0.83 and a debt-to-equity ratio of 0.10.

Luxfer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Friday, July 18th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, July 18th. Luxfer's dividend payout ratio (DPR) is 57.78%.

Analysts Set New Price Targets

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

Insider Activity at Luxfer

In related news, Director Clive Snowdon sold 4,120 shares of Luxfer stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.02, for a total transaction of $41,282.40. Following the completion of the sale, the director owned 21,903 shares of the company's stock, valued at approximately $219,468.06. This trade represents a 15.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lisa G. Trimberger sold 4,108 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.02, for a total value of $41,162.16. Following the transaction, the director owned 15,858 shares in the company, valued at $158,897.16. This trade represents a 20.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,151 shares of company stock valued at $269,715 in the last quarter. 1.17% of the stock is currently 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.