Lazard Asset Management LLC Has $629,000 Stock Holdings in Luxfer Holdings PLC (NYSE:LXFR)

Lazard Asset Management LLC raised its position in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 98.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,057 shares of the industrial products company's stock after buying an additional 23,820 shares during the period. Lazard Asset Management LLC owned about 0.18% of Luxfer worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of Luxfer by 48.3% during the fourth quarter. Bank of America Corp DE now owns 1,854,220 shares of the industrial products company's stock worth $24,272,000 after buying an additional 603,954 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Luxfer by 20.4% during the fourth quarter. Royce & Associates LP now owns 1,624,061 shares of the industrial products company's stock worth $21,259,000 after buying an additional 275,669 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Luxfer by 17.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 785,487 shares of the industrial products company's stock worth $10,282,000 after buying an additional 115,623 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Luxfer by 14.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 670,564 shares of the industrial products company's stock worth $8,778,000 after buying an additional 84,097 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Luxfer by 23.3% during the fourth quarter. First Eagle Investment Management LLC now owns 425,656 shares of the industrial products company's stock worth $5,572,000 after buying an additional 80,500 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Luxfer Price Performance

Shares of Luxfer stock traded up $0.56 during midday trading on Tuesday, reaching $11.74. The company had a trading volume of 117,984 shares, compared to its average volume of 133,455. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $319.76 million, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 1.85 and a beta of 1.09. The stock has a fifty day simple moving average of $10.96 and a 200 day simple moving average of $12.66. Luxfer Holdings PLC has a 1-year low of $9.41 and a 1-year high of $15.64.

Luxfer (NYSE:LXFR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. The business had revenue of $103.40 million during the quarter, compared to analyst estimates of $89.50 million. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. As a group, equities research analysts forecast that Luxfer Holdings PLC will post 0.85 earnings per share for the current year.

Luxfer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Friday, April 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Thursday, April 17th. Luxfer's dividend payout ratio is currently 66.67%.

Insider Activity at Luxfer

In other Luxfer news, insider Graham Wardlow sold 7,962 shares of Luxfer stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $11.33, for a total transaction of $90,209.46. Following the completion of the sale, the insider now owns 25,847 shares of the company's stock, valued at approximately $292,846.51. The trade was a 23.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Luxfer from a "buy" rating to a "strong-buy" rating in a report on Friday, February 21st.

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.