American Century Companies Inc. Boosts Stake in Luxfer Holdings PLC $LXFR

Key Points

• American Century Companies Inc. increased its stake in Luxfer Holdings PLC by 5.5%, acquiring 65,470 additional shares, bringing their total ownership to 1,265,173 shares valued at approximately $15 million.
• Major recent activity among institutional investors saw multiple firms newly entering positions in Luxfer, with 90.82% of the stock currently held by institutional investors and hedge funds.
• Luxfer Holdings recently declared a quarterly dividend of $0.13, yielding 4.0% annually, which was distributed to shareholders of record on July 18th.

American Century Companies Inc. boosted its stake in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 5.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,265,173 shares of the industrial products company's stock after acquiring an additional 65,470 shares during the period. American Century Companies Inc. owned 4.65% of Luxfer worth $15,005,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System purchased a new stake in Luxfer in the 1st quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC boosted its holdings in Luxfer by 53.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,861 shares of the industrial products company's stock valued at $409,000 after purchasing an additional 12,214 shares in the last quarter. Millennium Management LLC purchased a new stake in Luxfer in the 4th quarter valued at approximately $3,308,000. Price T Rowe Associates Inc. MD purchased a new stake in Luxfer in the 4th quarter valued at approximately $137,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Luxfer by 7.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 439,684 shares of the industrial products company's stock valued at $5,215,000 after purchasing an additional 31,123 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Insider Buying and Selling at Luxfer

In related news, Director Sylvia Ann Stein sold 4,108 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.02, for a total value of $41,162.16. Following the sale, the director owned 9,901 shares of the company's stock, valued at approximately $99,208.02. This represents a 29.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard J. Hipple sold 4,108 shares of the company's stock in a transaction that occurred on Thursday, June 5th. 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 15,803 shares in the company, valued at approximately $158,346.06. The trade was a 20.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,151 shares of company stock worth $269,715. Corporate insiders own 1.24% of the company's stock.

Luxfer Price Performance

Shares of NYSE:LXFR traded up $0.22 during trading on Thursday, hitting $13.73. 129,268 shares of the stock were exchanged, compared to its average volume of 129,679. The company has a fifty day moving average price of $12.25 and a two-hundred day moving average price of $11.90. The company has a market cap of $367.28 million, a PE ratio of 15.25, a P/E/G ratio of 1.81 and a beta of 1.15. 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 Holdings PLC has a 12-month low of $9.41 and a 12-month high of $15.64.

Luxfer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Friday, July 18th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.52 annualized dividend and a dividend yield of 3.8%. Luxfer's payout ratio is 57.78%.

Analyst Upgrades and Downgrades

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

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.