Luxfer Holdings PLC Plans Quarterly Dividend of $0.13 (NYSE:LXFR)

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) declared a quarterly dividend on Monday, July 7th, RTT News reports. Investors of record on Friday, July 18th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, August 6th. This represents a $0.52 dividend on an annualized basis and a yield of 4.18%.

Luxfer has a payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Luxfer to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 53.6%.

Luxfer Price Performance

Shares of NYSE LXFR traded down $0.24 during trading hours on Monday, hitting $12.44. 158,529 shares of the stock were exchanged, compared to its average volume of 132,955. The company's fifty day simple moving average is $11.70 and its two-hundred day simple moving average is $12.18. The company has a market cap of $338.87 million, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 2.02. Luxfer has a 1-year low of $9.41 and a 1-year high of $15.64.

Insider Activity at Luxfer

In other news, Director Clive Snowdon sold 4,120 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.02, for a total value of $41,282.40. Following the completion of the transaction, the director owned 21,903 shares of the company's stock, valued at $219,468.06. This represents a 15.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lisa G. Trimberger sold 4,108 shares of Luxfer stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.02, for a total transaction of $41,162.16. Following the sale, the director owned 15,858 shares in the company, valued at approximately $158,897.16. This represents a 20.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,987 shares of company stock valued at $418,168. 1.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Luxfer stock. AQR Capital Management LLC increased its position in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 257,371 shares of the industrial products company's stock after buying an additional 4,772 shares during the period. AQR Capital Management LLC owned 0.94% of Luxfer worth $3,052,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 90.82% of the company's stock.

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.

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