Luxfer Holdings PLC $LXFR Shares Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd significantly increased its stake in Luxfer Holdings PLC by 213.1%, acquiring a total of approximately 32,854 shares worth $390,000 as of its latest SEC filing.
• Wall Street Zen downgraded Luxfer's stock rating from "strong-buy" to "buy" on August 2nd, indicating a shift in analyst sentiment.
• Luxfer recently declared a quarterly dividend of $0.13 per share, resulting in an annualized dividend yield of 3.8% and a payout ratio of 57.78%.

Dynamic Technology Lab Private Ltd increased its position in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 213.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,854 shares of the industrial products company's stock after acquiring an additional 22,360 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.12% of Luxfer worth $390,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Luxfer by 48.3% in the 4th quarter. Bank of America Corp DE now owns 1,854,220 shares of the industrial products company's stock worth $24,272,000 after acquiring an additional 603,954 shares during the period. Royce & Associates LP lifted its holdings in shares of Luxfer by 8.4% in 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 purchasing an additional 135,688 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Luxfer by 1.5% in 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 purchasing an additional 21,797 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Luxfer by 5.5% in the first quarter. American Century Companies Inc. now owns 1,265,173 shares of the industrial products company's stock valued at $15,005,000 after purchasing an additional 65,470 shares in the last quarter. Finally, Earnest Partners LLC lifted its holdings in shares of Luxfer by 6.5% in the first quarter. Earnest Partners LLC now owns 738,724 shares of the industrial products company's stock valued at $8,761,000 after purchasing an additional 45,172 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Wall Street Analyst Weigh In

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

Luxfer Stock Performance

Shares of LXFR opened at $13.78 on Friday. 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 company has a market capitalization of $368.81 million, a price-to-earnings ratio of 15.31, a PEG ratio of 1.80 and a beta of 1.13. The company's 50 day simple moving average is $12.58 and its 200 day simple moving average is $11.83. Luxfer Holdings PLC has a 1 year low of $9.41 and a 1 year high of $15.64.

Luxfer Dividend Announcement

The firm also recently declared 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, July 18th. Luxfer's dividend payout ratio is currently 57.78%.

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.

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