Insider Buying: Luxfer Holdings PLC (NYSE:LXFR) CFO Purchases 1,475 Shares of Stock

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) CFO Stephen Webster purchased 1,475 shares of Luxfer stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of $11.53 per share, with a total value of $17,006.75. Following the acquisition, the chief financial officer now directly owns 22,622 shares in the company, valued at $260,831.66. This trade represents a 6.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Luxfer Price Performance

Shares of LXFR traded down $0.33 during mid-day trading on Wednesday, hitting $11.41. 95,999 shares of the company were exchanged, compared to its average volume of 133,306. Luxfer Holdings PLC has a 1-year low of $9.41 and a 1-year high of $15.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17. The company has a 50 day moving average of $10.96 and a 200-day moving average of $12.66. The stock has a market cap of $310.77 million, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 1.85 and a beta of 1.09.

Luxfer (NYSE:LXFR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The industrial products company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. The business had revenue of $103.40 million during the quarter, compared to analysts' expectations of $89.50 million. Analysts expect that Luxfer Holdings PLC will post 0.85 EPS for the current fiscal year.

Luxfer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Friday, April 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.56%. The ex-dividend date was Thursday, April 17th. Luxfer's dividend payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in Luxfer in the 1st quarter valued at $504,000. Jane Street Group LLC raised its holdings in Luxfer by 115.0% in the 1st quarter. Jane Street Group LLC now owns 46,689 shares of the industrial products company's stock valued at $554,000 after acquiring an additional 24,969 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Luxfer by 213.1% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 32,854 shares of the industrial products company's stock valued at $390,000 after acquiring an additional 22,360 shares during the last quarter. AQR Capital Management LLC raised its holdings in Luxfer by 1.9% in the 1st quarter. AQR Capital Management LLC now owns 257,371 shares of the industrial products company's stock valued at $3,052,000 after acquiring an additional 4,772 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Luxfer in the 1st quarter valued at about $124,000. 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.