252,708 Shares in Luxfer Holdings PLC (NYSE:LXFR) Acquired by Millennium Management LLC

Millennium Management LLC purchased a new stake in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 252,708 shares of the industrial products company's stock, valued at approximately $3,308,000. Millennium Management LLC owned approximately 0.94% of Luxfer at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE increased its holdings 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 worth $24,272,000 after buying an additional 603,954 shares in the last quarter. Royce & Associates LP increased its holdings in Luxfer by 20.4% in the 4th 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 Luxfer by 17.3% in the 4th 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 boosted its position in Luxfer by 14.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 670,564 shares of the industrial products company's stock worth $8,778,000 after purchasing an additional 84,097 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Luxfer by 23.3% in 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 purchasing an additional 80,500 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

Luxfer Stock Performance

NYSE:LXFR traded down $0.09 on Wednesday, hitting $11.46. The stock had a trading volume of 94,024 shares, compared to its average volume of 133,104. The stock has a market cap of $312.14 million, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 1.85 and a beta of 1.09. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. The business's 50-day simple moving average is $10.93 and its two-hundred day simple moving average is $12.55. Luxfer Holdings PLC has a 52-week low of $9.41 and a 52-week high of $15.64.

Luxfer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Friday, April 18th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, April 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.54%. Luxfer's payout ratio is currently 66.67%.

Insider Activity

In other news, insider Graham Wardlow sold 7,962 shares of Luxfer stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $11.33, for a total transaction of $90,209.46. Following the transaction, the insider now directly owns 25,847 shares of the company's stock, valued at $292,846.51. The trade was a 23.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.24% of the company's stock.

Wall Street Analyst Weigh In

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

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.