American Century Companies Inc. Has $15.01 Million 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. raised its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,265,173 shares of the industrial products company's stock after purchasing an additional 65,470 shares during the period. American Century Companies Inc. owned about 4.65% of Luxfer worth $15,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of Luxfer during the first quarter valued at $2,821,000. Vanguard Group Inc. boosted its holdings in shares of Luxfer by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,510,311 shares of the industrial products company's stock valued at $17,912,000 after acquiring an additional 21,797 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Luxfer by 13.5% during the first quarter. Avantax Advisory Services Inc. now owns 87,744 shares of the industrial products company's stock valued at $1,041,000 after acquiring an additional 10,413 shares during the period. Royce & Associates LP boosted its holdings in shares of Luxfer by 8.4% during the first quarter. Royce & Associates LP now owns 1,759,749 shares of the industrial products company's stock valued at $20,871,000 after acquiring an additional 135,688 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Luxfer by 7.6% during the first quarter. Envestnet Asset Management Inc. now owns 439,684 shares of the industrial products company's stock valued at $5,215,000 after acquiring an additional 31,123 shares during the period. Institutional investors and hedge funds own 90.82% of the company's stock.

Luxfer Price Performance

Luxfer stock traded down $0.29 during midday trading on Friday, hitting $13.41. The company's stock had a trading volume of 159,203 shares, compared to its average volume of 137,055. 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 stock's 50-day moving average price is $12.34 and its 200-day moving average price is $11.87. Luxfer Holdings PLC has a 12 month low of $9.41 and a 12 month high of $15.64. The company has a market capitalization of $358.85 million, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.15.

Luxfer Dividend Announcement

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

In other Luxfer news, Director Patrick K. Mullen sold 5,463 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $10.02, for a total transaction of $54,739.26. Following the sale, the director owned 35,617 shares in the company, valued at approximately $356,882.34. The trade was a 13.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa G. Trimberger sold 4,108 shares of the business's stock in a transaction dated Thursday, June 5th. 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 15,858 shares in the company, valued at approximately $158,897.16. The trade was a 20.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,151 shares of company stock worth $269,715. 1.24% of the stock is owned by company insiders.

Luxfer Company 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.