Nuveen LLC Makes New $2.82 Million Investment in Luxfer Holdings PLC $LXFR

Key Points

• Nuveen LLC has taken a new $2.82 million position in Luxfer Holdings PLC, acquiring approximately 237,861 shares, which accounts for 0.87% of the company's total shares outstanding.
• Luxfer recently announced a quarterly dividend of $0.13 per share, which translates to an annual yield of 3.8% and indicates a dividend payout ratio of 57.78%.
• Institutional investors now own about 90.82% of Luxfer, with notable recent stakes added by various hedge funds, reflecting increased interest in the company.

Nuveen LLC bought a new position in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 237,861 shares of the industrial products company's stock, valued at approximately $2,821,000. Nuveen LLC owned 0.87% of Luxfer at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LXFR. Invesco Ltd. increased its position in Luxfer by 6.8% during the fourth quarter. Invesco Ltd. now owns 119,471 shares of the industrial products company's stock worth $1,564,000 after acquiring an additional 7,607 shares during the period. Barclays PLC increased its holdings in shares of Luxfer by 8.9% during the fourth quarter. Barclays PLC now owns 72,788 shares of the industrial products company's stock worth $952,000 after buying an additional 5,979 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Luxfer by 14.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 670,564 shares of the industrial products company's stock valued at $8,778,000 after acquiring an additional 84,097 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Luxfer by 60.8% in the fourth quarter. Hsbc Holdings PLC now owns 19,992 shares of the industrial products company's stock valued at $263,000 after acquiring an additional 7,563 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Luxfer in the fourth quarter valued at approximately $137,000. Institutional investors own 90.82% of the company's stock.

Luxfer Trading Up 0.4%

LXFR stock traded up $0.05 during trading on Wednesday, hitting $13.26. The company had a trading volume of 109,383 shares, compared to its average volume of 127,006. 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 firm has a 50-day moving average price of $12.44 and a 200-day moving average price of $11.87. Luxfer Holdings PLC has a 12 month low of $9.41 and a 12 month high of $15.64. The stock has a market cap of $354.81 million, a price-to-earnings ratio of 14.73, a PEG ratio of 1.80 and a beta of 1.13.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, July 18th were given a $0.13 dividend. 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 57.78%.

Insider Transactions at Luxfer

In related news, Director Lisa G. Trimberger sold 4,108 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.02, for a total value of $41,162.16. Following the completion of the transaction, the director owned 15,858 shares in the company, valued at $158,897.16. The trade was a 20.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sylvia Ann Stein sold 4,108 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.02, for a total transaction of $41,162.16. Following the completion of the transaction, the director owned 9,901 shares of the company's stock, valued at $99,208.02. This trade represents a 29.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,151 shares of company stock worth $269,715 over the last ninety days. 1.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Luxfer from a "strong-buy" rating to a "buy" rating in a research note 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.