Dynamic Technology Lab Private Ltd Grows Stock Position in Luxfer Holdings PLC $LXFR

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 raised its position in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 213.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,854 shares of the industrial products company's stock after acquiring an additional 22,360 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.12% of Luxfer worth $390,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LXFR. Price T Rowe Associates Inc. MD acquired a new position in Luxfer in the 4th quarter valued at about $137,000. Northern Trust Corp grew its position in Luxfer by 0.4% in the 4th quarter. Northern Trust Corp now owns 220,406 shares of the industrial products company's stock valued at $2,885,000 after acquiring an additional 808 shares in the last quarter. Jane Street Group LLC grew its position in Luxfer by 70.1% in the 4th quarter. Jane Street Group LLC now owns 21,720 shares of the industrial products company's stock valued at $284,000 after acquiring an additional 8,949 shares in the last quarter. BNP Paribas Financial Markets grew its position in Luxfer by 34.4% in the 4th quarter. BNP Paribas Financial Markets now owns 34,447 shares of the industrial products company's stock valued at $451,000 after acquiring an additional 8,808 shares in the last quarter. Finally, Bank of America Corp DE grew its position in 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 valued at $24,272,000 after acquiring an additional 603,954 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Luxfer Stock Up 2.0%

LXFR traded up $0.27 on Wednesday, reaching $14.06. The company's stock had a trading volume of 10,135 shares, compared to its average volume of 126,741. The stock has a 50 day moving average of $12.64 and a two-hundred day moving average of $11.85. 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 $376.22 million, a price-to-earnings ratio of 15.54, a P/E/G ratio of 1.84 and a beta of 1.13. Luxfer Holdings PLC has a fifty-two week low of $9.41 and a fifty-two week high of $15.64.

Luxfer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, July 18th were paid a $0.13 dividend. The ex-dividend date was Friday, July 18th. This represents a $0.52 dividend on an annualized basis and a yield of 3.7%. Luxfer's payout ratio is currently 57.78%.

Analysts Set New Price Targets

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

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.