Luxfer (NYSE:LXFR) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

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%.

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

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

Luxfer Stock Down 1.5%

The firm has a fifty day simple moving average of $12.08 and a 200-day simple moving average of $11.97. The company has a market capitalization of $331.82 million, a P/E ratio of 13.78, a P/E/G ratio of 1.69 and a beta of 1.15. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 0.10.

Luxfer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, July 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, July 18th. Luxfer's dividend payout ratio is 57.78%.

Insider Buying and Selling

In other news, CFO Stephen Webster sold 4,244 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $11.83, for a total transaction of $50,206.52. Following the completion of the transaction, the chief financial officer directly owned 26,662 shares of the company's stock, valued at $315,411.46. This represents a 13.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick K. Mullen sold 5,463 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $10.02, for a total value of $54,739.26. Following the transaction, the director directly owned 35,617 shares of the company's stock, valued at $356,882.34. This represents a 13.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,987 shares of company stock valued at $418,168. 1.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LXFR. Bank of America Corp DE raised its stake in Luxfer by 48.3% in the fourth quarter. Bank of America Corp DE now owns 1,854,220 shares of the industrial products company's stock valued at $24,272,000 after buying an additional 603,954 shares during the period. Royce & Associates LP increased its stake in Luxfer by 8.4% during the 1st quarter. Royce & Associates LP now owns 1,759,749 shares of the industrial products company's stock worth $20,871,000 after acquiring an additional 135,688 shares during the period. Vanguard Group Inc. increased its stake in Luxfer by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 1,510,311 shares of the industrial products company's stock worth $17,912,000 after acquiring an additional 21,797 shares during the period. American Century Companies Inc. increased its stake in Luxfer by 11.4% during the 2nd quarter. American Century Companies Inc. now owns 1,409,329 shares of the industrial products company's stock worth $17,166,000 after acquiring an additional 144,156 shares during the period. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Luxfer by 11.9% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,403,485 shares of the industrial products company's stock valued at $17,094,000 after purchasing an additional 149,807 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

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.