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

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) announced a quarterly dividend on Monday, July 7th, RTT News reports. Stockholders of record on Friday, July 18th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, August 6th. This represents a $0.52 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Friday, July 18th.

Luxfer has a payout ratio of 44.1% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 1.8%

NYSE LXFR traded down $0.23 during trading hours on Thursday, hitting $12.29. 133,065 shares of the company's stock were exchanged, compared to its average volume of 133,685. The stock has a 50-day simple moving average of $11.81 and a 200 day simple moving average of $12.17. Luxfer has a 1-year low of $9.41 and a 1-year high of $15.64. The firm has a market cap of $334.78 million, a price-to-earnings ratio of 15.76, a PEG ratio of 1.74 and a beta of 1.10. The company has a current ratio of 2.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Insider Transactions at Luxfer

In other Luxfer news, Director Sylvia Ann Stein sold 4,108 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.02, for a total value of $41,162.16. Following the completion of the sale, the director owned 9,901 shares of the company's stock, valued at approximately $99,208.02. This trade represents a 29.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen Webster sold 4,244 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $11.83, for a total value of $50,206.52. Following the completion of the sale, the chief financial officer directly owned 26,662 shares of the company's stock, valued at $315,411.46. This trade represents a 13.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,987 shares of company stock valued at $418,168. Company insiders own 1.24% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Luxfer stock. AQR Capital Management LLC boosted its holdings in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 257,371 shares of the industrial products company's stock after purchasing an additional 4,772 shares during the period. AQR Capital Management LLC owned about 0.94% of Luxfer worth $3,052,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 90.82% of the company's stock.

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.