Luxfer (NYSE:LXFR) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.44 and traded as high as $17.19. Luxfer shares last traded at $17.18, with a volume of 203,421 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently commented on LXFR. Zacks Research downgraded Luxfer from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Weiss Ratings restated a "hold (c)" rating on shares of Luxfer in a research note on Thursday, June 18th. Wall Street Zen cut shares of Luxfer from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 31st. Finally, Freedom Capital upgraded shares of Luxfer to a "strong-buy" rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Luxfer Price Performance

The stock has a market capitalization of $459.74 million, a price-to-earnings ratio of 57.27, a P/E/G ratio of 2.23 and a beta of 1.13. The company's 50-day simple moving average is $17.35 and its 200-day simple moving average is $15.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.33 and a quick ratio of 1.05.

Luxfer (NYSE:LXFR - Get Free Report) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $90.30 million. Luxfer had a return on equity of 12.22% and a net margin of 2.20%. Research analysts forecast that Luxfer Holdings PLC will post 1.1 earnings per share for the current fiscal year.

Luxfer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Friday, July 17th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, July 17th. Luxfer's dividend payout ratio is currently 173.33%.

Insider Activity

In other Luxfer news, Director Clive Snowdon sold 4,015 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total transaction of $60,425.75. Following the transaction, the director owned 26,841 shares in the company, valued at $403,957.05. This trade represents a 13.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard J. Hipple sold 4,010 shares of Luxfer stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $15.05, for a total value of $60,350.50. Following the sale, the director directly owned 32,920 shares of the company's stock, valued at $495,446. This represents a 10.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 21,368 shares of company stock worth $321,588. Corporate insiders own 2.00% of the company's stock.

Institutional Trading of Luxfer

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Earnest Partners LLC raised its position in shares of Luxfer by 24.9% in the fourth quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company's stock valued at $11,330,000 after buying an additional 167,023 shares in the last quarter. Bridgeway Capital Management LLC grew its position in Luxfer by 332.8% during the third quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company's stock worth $2,466,000 after buying an additional 136,402 shares in the last quarter. Nuveen LLC increased its stake in Luxfer by 80.6% during the 4th quarter. Nuveen LLC now owns 300,565 shares of the industrial products company's stock worth $4,067,000 after acquiring an additional 134,120 shares during the period. First Trust Advisors LP bought a new position in Luxfer during the 3rd quarter worth $1,148,000. Finally, Renaissance Technologies LLC acquired a new position in Luxfer in the 1st quarter valued at $956,000. Institutional investors and hedge funds own 90.82% of the company's stock.

About Luxfer

Luxfer Gas Cylinders, trading as Luxfer NYSE: LXFR, is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.

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