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Luxfer (NYSE:LXFR) Shares Cross Below Two Hundred Day Moving Average - Should You Sell?

Luxfer logo with Industrials background

Key Points

  • Luxfer Holdings PLC's share price recently fell below its 200-day moving average of $11.98, trading as low as $11.88.
  • Wall Street Zen has downgraded Luxfer from a "strong-buy" rating to a "buy" rating as of August 2nd.
  • The company declared a $0.13 quarterly dividend, resulting in an annualized yield of 4.3%, with a current payout ratio of 57.78%.
  • Want stock alerts on Luxfer? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.98 and traded as low as $11.88. Luxfer shares last traded at $11.98, with a volume of 120,952 shares.

Analyst Ratings Changes

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

Read Our Latest Analysis on LXFR

Luxfer Stock Down 1.8%

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 company has a market cap of $320.50 million, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 1.64 and a beta of 1.15. The company has a fifty day moving average of $12.00 and a 200 day moving average of $11.98.

Luxfer Dividend Announcement

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 4.3%. Luxfer's payout ratio is presently 57.78%.

Insider Buying and Selling

In related news, Director Sylvia Ann Stein sold 4,108 shares of Luxfer stock in a transaction 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 $99,208.02. The trade was a 29.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lisa G. Trimberger sold 4,108 shares of Luxfer stock in a transaction on Thursday, June 5th. 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 directly owned 15,858 shares of the company's stock, valued at $158,897.16. The trade was a 20.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,987 shares of company stock valued at $418,168 over the last ninety days. 1.17% of the stock is owned by insiders.

Hedge Funds Weigh In On Luxfer

Several institutional investors and hedge funds have recently bought and sold shares of LXFR. New York State Teachers Retirement System purchased a new position in Luxfer during the first quarter valued at $29,000. Quantbot Technologies LP purchased a new position in Luxfer during the first quarter valued at $56,000. CWM LLC lifted its position in Luxfer by 79.6% during the second quarter. CWM LLC now owns 6,920 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 3,068 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Luxfer during the first quarter valued at $124,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Luxfer by 31.7% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,191 shares of the industrial products company's stock valued at $136,000 after purchasing an additional 2,693 shares in the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Luxfer Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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