Luxfer (NYSE:LXFR) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Luxfer Holdings PLC (NYSE:LXFR) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.82 and traded as high as $14.30. Luxfer shares last traded at $14.16, with a volume of 96,114 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Luxfer from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 22nd.

Luxfer Stock Up 1.5 %

The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $379.07 million, a price-to-earnings ratio of 42.89, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The firm has a 50 day moving average of $13.64 and a two-hundred day moving average of $12.82.

Luxfer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Monday, January 27th. Luxfer’s dividend payout ratio is currently 157.58%.

Institutional Investors Weigh In On Luxfer

Several hedge funds and other institutional investors have recently bought and sold shares of LXFR. R Squared Ltd acquired a new position in Luxfer during the 4th quarter worth approximately $42,000. SG Americas Securities LLC increased its position in shares of Luxfer by 26.9% during the fourth quarter. SG Americas Securities LLC now owns 12,692 shares of the industrial products company’s stock valued at $166,000 after acquiring an additional 2,690 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Luxfer by 129.4% during the third quarter. JPMorgan Chase & Co. now owns 27,727 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 15,641 shares during the last quarter. Barclays PLC grew its holdings in Luxfer by 64.2% during the third quarter. Barclays PLC now owns 66,809 shares of the industrial products company’s stock valued at $865,000 after purchasing an additional 26,112 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Luxfer by 2.5% during the third quarter. Geode Capital Management LLC now owns 627,817 shares of the industrial products company’s stock valued at $8,132,000 after purchasing an additional 15,030 shares during the period. 90.82% of the stock is owned by institutional investors.

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.