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 purchased a new position in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 237,861 shares of the industrial products company's stock, valued at approximately $2,821,000. Nuveen LLC owned about 0.87% of Luxfer at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new position in shares of Luxfer during the 1st quarter worth approximately $29,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Luxfer during the 4th quarter worth approximately $137,000. Aquatic Capital Management LLC purchased a new position in shares of Luxfer during the 4th quarter worth approximately $140,000. Corton Capital Inc. purchased a new position in shares of Luxfer during the 4th quarter worth approximately $142,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Luxfer during the 4th quarter worth approximately $188,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

Luxfer Stock Down 1.3%

Luxfer stock traded down $0.17 during mid-day trading on Tuesday, hitting $13.25. The company had a trading volume of 47,684 shares, compared to its average volume of 129,338. The stock has a market cap of $354.57 million, a price-to-earnings ratio of 14.72, a PEG ratio of 1.80 and a beta of 1.13. Luxfer Holdings PLC has a 1 year low of $9.41 and a 1 year high of $15.64. 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 business has a fifty day moving average of $12.38 and a 200 day moving average of $11.85.

Luxfer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders 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 3.9%. The ex-dividend date was Friday, July 18th. Luxfer's payout ratio is 57.78%.

Analyst Ratings Changes

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

Insider Buying and Selling at Luxfer

In other Luxfer news, CFO Stephen Webster sold 4,244 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $11.83, for a total value of $50,206.52. Following the sale, the chief financial officer owned 26,662 shares of the company's stock, valued at $315,411.46. This represents a 13.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick K. Mullen sold 5,463 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.02, for a total transaction of $54,739.26. Following the completion of the sale, the director directly owned 35,617 shares in the company, valued at $356,882.34. This trade represents a 13.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,151 shares of company stock valued at $269,715. Insiders own 1.17% of the company's stock.

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.