Insider Selling: Luxfer Holdings PLC (NYSE:LXFR) Director Sells 5,463 Shares of Stock

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) Director Patrick K. Mullen sold 5,463 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.02, for a total transaction of $54,739.26. Following the sale, the director now directly owns 35,617 shares of the company's stock, valued at approximately $356,882.34. The trade was a 13.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Luxfer Stock Down 1.0%

NYSE LXFR traded down $0.12 during trading on Wednesday, hitting $12.11. The company's stock had a trading volume of 104,479 shares, compared to its average volume of 133,022. Luxfer Holdings PLC has a fifty-two week low of $9.41 and a fifty-two week high of $15.64. The company has a market cap of $329.84 million, a PE ratio of 36.70, a P/E/G ratio of 1.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14. The business's 50 day simple moving average is $10.96 and its 200-day simple moving average is $12.47.

Luxfer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Friday, April 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Thursday, April 17th. Luxfer's dividend payout ratio (DPR) is currently 66.67%.

Institutional Trading of Luxfer

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings 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 purchasing an additional 603,954 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Luxfer by 8.4% in the first quarter. Royce & Associates LP now owns 1,759,749 shares of the industrial products company's stock worth $20,871,000 after buying an additional 135,688 shares during the last quarter. Vanguard Group Inc. grew its holdings in Luxfer by 1.5% during the first 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. raised its position in Luxfer by 5.5% during the first quarter. American Century Companies Inc. now owns 1,265,173 shares of the industrial products company's stock valued at $15,005,000 after acquiring an additional 65,470 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in Luxfer by 17.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 785,487 shares of the industrial products company's stock valued at $10,282,000 after acquiring an additional 115,623 shares during the period. Institutional investors and hedge funds own 90.82% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Luxfer from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 21st.

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.