Strs Ohio Purchases Shares of 42,500 Luxfer Holdings PLC $LXFR

Key Points

• Strs Ohio has invested approximately $504,000 in Luxfer Holdings PLC, acquiring 42,500 shares during the first quarter of the year.
• Luxfer recently disclosed a quarterly dividend of $0.13 per share, yielding 3.7% annually, paid to investors on August 6th.
• Analysts have downgraded Luxfer from a "strong-buy" to a "buy" rating as of August 2nd, reflecting changing sentiment in the market.

Strs Ohio bought a new stake in 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 bought 42,500 shares of the industrial products company's stock, valued at approximately $504,000. Strs Ohio owned 0.16% of Luxfer as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp raised its stake in Luxfer by 0.4% during the fourth quarter. Northern Trust Corp now owns 220,406 shares of the industrial products company's stock valued at $2,885,000 after buying an additional 808 shares during the last quarter. First Wilshire Securities Management Inc. raised its stake in Luxfer by 0.6% during the first quarter. First Wilshire Securities Management Inc. now owns 354,736 shares of the industrial products company's stock valued at $4,207,000 after buying an additional 1,963 shares during the last quarter. New York State Teachers Retirement System purchased a new position in Luxfer during the first quarter valued at $29,000. Squarepoint Ops LLC raised its stake in Luxfer by 9.6% during the fourth quarter. Squarepoint Ops LLC now owns 37,784 shares of the industrial products company's stock valued at $495,000 after buying an additional 3,321 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Luxfer during the first quarter valued at $56,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

Luxfer Stock Performance

Shares of LXFR traded up $0.22 during trading hours on Monday, hitting $14.30. The stock had a trading volume of 183,932 shares, compared to its average volume of 127,404. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.65 and a quick ratio of 0.83. Luxfer Holdings PLC has a 12 month low of $9.41 and a 12 month high of $15.64. The firm has a market capitalization of $382.67 million, a PE ratio of 15.89, a PEG ratio of 1.89 and a beta of 1.13. The stock has a fifty day moving average price of $12.80 and a 200 day moving average price of $11.91.

Luxfer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, July 18th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. Luxfer's payout ratio is presently 57.78%.

Wall Street Analysts Forecast Growth

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

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.