Royce & Associates LP Increases Position in Luxfer Holdings PLC (NYSE:LXFR)

Key Points

• Royce & Associates LP increased its stake in Luxfer Holdings PLC by 8.4%, owning 1,759,749 shares worth approximately $20.87 million as of the first quarter.
• A quarterly dividend of $0.13 per share has been announced, representing an annual yield of 4.32% and a payout ratio of 66.67%.
• Insider sales at Luxfer included 38,987 shares sold by directors in the last 90 days, indicating a notable decrease in some directors' ownership stakes.

Royce & Associates LP grew its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,759,749 shares of the industrial products company's stock after acquiring an additional 135,688 shares during the period. Royce & Associates LP owned 6.46% of Luxfer worth $20,871,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in shares of Luxfer in the 4th quarter valued at about $173,000. Artisan Partners Limited Partnership grew its stake in shares of Luxfer by 17.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 785,487 shares of the industrial products company's stock valued at $10,282,000 after buying an additional 115,623 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Luxfer by 441.5% in the 4th quarter. JPMorgan Chase & Co. now owns 150,150 shares of the industrial products company's stock valued at $1,965,000 after buying an additional 122,423 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Luxfer by 0.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 402,553 shares of the industrial products company's stock valued at $5,269,000 after buying an additional 3,200 shares during the period. Finally, Trexquant Investment LP grew its stake in shares of Luxfer by 8.7% in the 4th quarter. Trexquant Investment LP now owns 84,211 shares of the industrial products company's stock valued at $1,102,000 after buying an additional 6,732 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Luxfer Stock Up 0.6%

Shares of LXFR traded up $0.07 during trading hours on Monday, hitting $12.13. The stock had a trading volume of 25,620 shares, compared to its average volume of 126,950. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $11.89 and a 200-day simple moving average of $12.09. The firm has a market capitalization of $330.42 million, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.67 and a beta of 1.10. Luxfer Holdings PLC has a 1-year low of $9.41 and a 1-year high of $15.64.

Luxfer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, July 18th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, July 18th. This represents a $0.52 dividend on an annualized basis and a yield of 4.29%. Luxfer's dividend payout ratio (DPR) is currently 66.67%.

Insider Buying and Selling at Luxfer

In other Luxfer news, Director Clive Snowdon sold 4,120 shares of Luxfer stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $10.02, for a total transaction of $41,282.40. Following the completion of the transaction, the director owned 21,903 shares in the company, valued at approximately $219,468.06. The trade was a 15.83% decrease in their position. The transaction 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 Luxfer stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.02, for a total value of $54,739.26. Following the transaction, the director owned 35,617 shares of the company's stock, valued at $356,882.34. This trade represents a 13.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,987 shares of company stock worth $418,168. 1.17% of the stock is currently owned by corporate insiders.

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.