First Eagle Investment Management LLC Purchases 42,668 Shares of Luxfer Holdings PLC (NYSE:LXFR)

First Eagle Investment Management LLC increased its position in Luxfer Holdings PLC (NYSE:LXFR) by 17.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 287,707 shares of the industrial products company’s stock after acquiring an additional 42,668 shares during the quarter. First Eagle Investment Management LLC’s holdings in Luxfer were worth $3,335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC grew its position in shares of Luxfer by 466.6% in the second quarter. CWM LLC now owns 7,558 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 6,224 shares during the last quarter. Oxford Asset Management LLP bought a new position in Luxfer in the 4th quarter worth approximately $113,000. Bank of New York Mellon Corp lifted its holdings in shares of Luxfer by 14.0% during the second quarter. Bank of New York Mellon Corp now owns 104,399 shares of the industrial products company’s stock worth $1,210,000 after buying an additional 12,847 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Luxfer by 254.8% in the first quarter. Russell Investments Group Ltd. now owns 18,721 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 13,445 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Luxfer during the fourth quarter worth $131,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Insider Activity

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of Luxfer stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $10.83, for a total transaction of $70,395.00. Following the sale, the insider now owns 29,008 shares in the company, valued at $314,156.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.17% of the stock is currently owned by company insiders.

Luxfer Price Performance

NYSE:LXFR opened at $12.50 on Friday. 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 stock has a market cap of $342.68 million, a P/E ratio of 11.47, a PEG ratio of 2.10 and a beta of 0.90. The company has a fifty day moving average price of $11.50 and a 200 day moving average price of $11.21. Luxfer Holdings PLC has a one year low of $7.55 and a one year high of $13.52.

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

Luxfer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Friday, July 19th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, July 19th. Luxfer’s dividend payout ratio is presently 47.71%.

Luxfer 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.