Royce & Associates LP Raises Holdings in Luxfer Holdings PLC (NYSE:LXFR)

Royce & Associates LP boosted its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 23.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,348,392 shares of the industrial products company’s stock after acquiring an additional 253,670 shares during the quarter. Royce & Associates LP owned 5.04% of Luxfer worth $17,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of LXFR. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Luxfer by 378.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,162 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 46,012 shares during the period. Russell Investments Group Ltd. lifted its holdings in Luxfer by 254.8% in the 1st quarter. Russell Investments Group Ltd. now owns 18,721 shares of the industrial products company’s stock worth $194,000 after buying an additional 13,445 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in Luxfer in the 1st quarter worth approximately $432,000. Vanguard Group Inc. lifted its holdings in Luxfer by 188.8% in the 1st quarter. Vanguard Group Inc. now owns 1,685,338 shares of the industrial products company’s stock worth $17,477,000 after buying an additional 1,101,856 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Luxfer in the 1st quarter worth approximately $1,574,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Graham Wardlow sold 6,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 29,008 shares in the company, valued at $314,156.64. This trade represents a 18.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.17% of the stock is currently owned by company insiders.

Luxfer Trading Down 2.1 %

NYSE LXFR opened at $14.34 on Friday. The stock has a market cap of $384.03 million, a P/E ratio of 43.45, a price-to-earnings-growth ratio of 2.50 and a beta of 0.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17. The stock has a 50 day simple moving average of $12.96 and a two-hundred day simple moving average of $12.04. Luxfer Holdings PLC has a fifty-two week low of $7.55 and a fifty-two week high of $15.64.

Luxfer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, October 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Friday, October 18th. Luxfer’s payout ratio is presently 157.58%.

Analysts Set New Price Targets

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

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.