Panagora Asset Management Inc. Raises Stock Position in Luxfer Holdings PLC $LXFR

Key Points

• Panagora Asset Management Inc. increased its stake in Luxfer Holdings PLC by 29.9%, owning 136,627 shares valued at approximately $1.62 million.
• Luxfer Holdings has a market capitalization of $354.81 million and recently declared a quarterly dividend of $0.13 per share, yielding 3.9%.
• Analyst ratings for Luxfer were downgraded from a "strong-buy" to a "buy" by Wall Street Zen on August 2nd.

Panagora Asset Management Inc. lifted its position in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 29.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 136,627 shares of the industrial products company's stock after buying an additional 31,450 shares during the period. Panagora Asset Management Inc. owned 0.50% of Luxfer worth $1,620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE lifted its stake 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 valued at $24,272,000 after buying an additional 603,954 shares during the period. Royce & Associates LP lifted its stake in shares of Luxfer by 8.4% during the first quarter. Royce & Associates LP now owns 1,759,749 shares of the industrial products company's stock valued at $20,871,000 after buying an additional 135,688 shares during the period. Vanguard Group Inc. lifted its stake in shares of Luxfer by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,510,311 shares of the industrial products company's stock valued at $17,912,000 after buying an additional 21,797 shares during the period. American Century Companies Inc. lifted its stake in shares of Luxfer by 5.5% during the first quarter. American Century Companies Inc. now owns 1,265,173 shares of the industrial products company's stock valued at $15,005,000 after buying an additional 65,470 shares during the period. Finally, Earnest Partners LLC lifted its stake in shares of Luxfer by 6.5% during the first quarter. Earnest Partners LLC now owns 738,724 shares of the industrial products company's stock valued at $8,761,000 after buying an additional 45,172 shares during the period. Hedge funds and other institutional investors own 90.82% of the company's stock.

Luxfer Trading Down 2.4%

Shares of LXFR stock traded down $0.32 during mid-day trading on Tuesday, reaching $13.29. The company's stock had a trading volume of 13,866 shares, compared to its average volume of 128,093. The company's 50 day simple moving average is $12.52 and its 200-day simple moving average is $11.82. Luxfer Holdings PLC has a 12-month low of $9.41 and a 12-month 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 firm has a market capitalization of $355.67 million, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13.

Luxfer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Friday, July 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, July 18th. Luxfer's dividend payout ratio (DPR) is currently 57.78%.

Analysts Set New Price Targets

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

About Luxfer

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.