Luxfer (NYSE:LXFR) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Luxfer Holdings PLC (NYSE:LXFR)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.93 and traded as high as $14.99. Luxfer shares last traded at $14.99, with a volume of 171,671 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Luxfer from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st.

Luxfer Price Performance

The company has a 50 day moving average price of $12.66 and a 200 day moving average price of $11.93. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $401.43 million, a P/E ratio of 45.42, a P/E/G ratio of 2.43 and a beta of 0.89.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 18th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.52 annualized dividend and a yield of 3.47%. Luxfer’s dividend payout ratio is currently 157.58%.

Insider Transactions at Luxfer

In related news, insider Graham Wardlow sold 6,500 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $10.83, for a total value of $70,395.00. Following the completion of the sale, the insider now directly owns 29,008 shares in the company, valued at $314,156.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.17% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Luxfer by 188.8% in 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. Royce & Associates LP increased its holdings in Luxfer by 23.2% in the 3rd quarter. Royce & Associates LP now owns 1,348,392 shares of the industrial products company’s stock valued at $17,462,000 after buying an additional 253,670 shares during the period. American Century Companies Inc. raised its position 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 valued at $10,422,000 after buying an additional 169,015 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Luxfer by 7.0% during the 2nd quarter. AQR Capital Management LLC now owns 561,878 shares of the industrial products company’s stock worth $6,512,000 after acquiring an additional 36,711 shares during the period. Finally, Earnest Partners LLC boosted its position in shares of Luxfer by 11.5% during the 2nd quarter. Earnest Partners LLC now owns 558,449 shares of the industrial products company’s stock worth $6,472,000 after acquiring an additional 57,656 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

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.