Russell Investments Group Ltd. increased its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR – Get Rating) by 132.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209,246 shares of the industrial products company’s stock after acquiring an additional 119,408 shares during the quarter. Russell Investments Group Ltd. owned about 0.74% of Luxfer worth $3,514,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in LXFR. Royce & Associates LP increased its holdings in shares of Luxfer by 23.7% during the 4th quarter. Royce & Associates LP now owns 1,013,679 shares of the industrial products company’s stock worth $19,574,000 after acquiring an additional 194,363 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Luxfer by 86.1% during the 4th quarter. New York State Common Retirement Fund now owns 218,081 shares of the industrial products company’s stock worth $4,211,000 after acquiring an additional 100,869 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Luxfer by 68.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 63,443 shares of the industrial products company’s stock valued at $1,225,000 after buying an additional 25,789 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Luxfer by 145.6% in the 4th quarter. Panagora Asset Management Inc. now owns 43,198 shares of the industrial products company’s stock valued at $834,000 after buying an additional 25,606 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Luxfer in the 4th quarter valued at $370,000. 94.58% of the stock is owned by institutional investors and hedge funds.
Luxfer Stock Performance
NYSE:LXFR opened at $16.97 on Friday. The stock has a fifty day moving average price of $15.67 and a 200-day moving average price of $16.52. The company has a market cap of $465.28 million, a price-to-earnings ratio of 21.76, a PEG ratio of 0.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.96 and a current ratio of 2.08. Luxfer Holdings PLC has a fifty-two week low of $14.26 and a fifty-two week high of $23.71.
Luxfer (NYSE:LXFR – Get Rating) last released its earnings results on Tuesday, July 26th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $109.50 million during the quarter, compared to the consensus estimate of $105.25 million. Luxfer had a return on equity of 16.11% and a net margin of 5.37%. As a group, equities analysts anticipate that Luxfer Holdings PLC will post 1.36 EPS for the current fiscal year.
Luxfer Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 3rd. Stockholders of record on Friday, July 15th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.06%. This is an increase from Luxfer’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, July 14th. Luxfer’s dividend payout ratio is presently 66.67%.
Insider Buying and Selling
In other Luxfer news, Director Patrick K. Mullen acquired 6,200 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was acquired at an average cost of $16.12 per share, for a total transaction of $99,944.00. Following the transaction, the director now directly owns 7,450 shares in the company, valued at $120,094. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Luxfer from a “buy” rating to a “hold” rating in a report on Thursday, April 28th.
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 emergency response, healthcare, transportation, and general industrial end-market applications. It operates in two segments, Elektron and Gas Cylinders.
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