Insider Selling: Luxfer Holdings PLC (NYSE:LXFR) Insider Sells 6,500 Shares of Stock

Luxfer Holdings PLC (NYSE:LXFR) insider Graham Wardlow sold 6,500 shares of Luxfer stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $10.83, for a total value of $70,395.00. Following the transaction, the insider now directly owns 29,008 shares in the company, valued at approximately $314,156.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Luxfer Stock Up 3.2 %

LXFR opened at $11.22 on Friday. Luxfer Holdings PLC has a fifty-two week low of $7.55 and a fifty-two week high of $13.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.39 and a quick ratio of 1.21. The company’s 50-day moving average is $11.51 and its 200 day moving average is $10.90. The firm has a market capitalization of $307.32 million, a P/E ratio of 22.44, a PEG ratio of 2.14 and a beta of 0.94.

Luxfer (NYSE:LXFR) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $99.70 million for the quarter, compared to analysts’ expectations of $99.70 million. Luxfer had a negative net margin of 1.28% and a positive return on equity of 6.24%. Research analysts expect that Luxfer Holdings PLC will post 0.75 earnings per share for the current fiscal year.

Luxfer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Friday, July 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.52 dividend on an annualized basis and a yield of 4.63%.

Institutional Investors Weigh In On Luxfer

Several large investors have recently made changes to their positions in LXFR. Vanguard Group Inc. grew its position in Luxfer by 188.8% during the first quarter. Vanguard Group Inc. now owns 1,685,338 shares of the industrial products company’s stock valued at $17,477,000 after buying an additional 1,101,856 shares during the period. Invenomic Capital Management LP bought a new position in shares of Luxfer during the 1st quarter valued at approximately $2,841,000. Kennedy Capital Management LLC purchased a new stake in shares of Luxfer during the 1st quarter worth approximately $2,242,000. American Century Companies Inc. raised its holdings in shares of Luxfer by 23.1% in the 2nd quarter. American Century Companies Inc. now owns 899,263 shares of the industrial products company’s stock worth $10,422,000 after purchasing an additional 169,015 shares during the period. Finally, Artisan Partners Limited Partnership raised its holdings in shares of Luxfer by 56.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 427,153 shares of the industrial products company’s stock worth $3,819,000 after purchasing an additional 154,085 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Luxfer from a “hold” rating to a “buy” rating in a research note on Monday, May 13th.

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.