Luxfer Holdings PLC (NYSE:LXFR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,987 shares of the industrial products company’s stock after selling 3,600 shares during the quarter. Bank of New York Mellon Corp owned 0.32% of Luxfer worth $1,112,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. R Squared Ltd acquired a new position in shares of Luxfer during the fourth quarter worth about $42,000. XTX Topco Ltd acquired a new position in Luxfer during the 3rd quarter worth approximately $146,000. SG Americas Securities LLC boosted its holdings in Luxfer by 26.9% in the 4th quarter. SG Americas Securities LLC now owns 12,692 shares of the industrial products company’s stock worth $166,000 after acquiring an additional 2,690 shares during the period. MML Investors Services LLC boosted its holdings in Luxfer by 75.4% in the 3rd quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock worth $248,000 after acquiring an additional 8,223 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Luxfer by 10.7% in the third quarter. BNP Paribas Financial Markets now owns 25,639 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 2,470 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st.

Luxfer Stock Performance

NYSE:LXFR opened at $11.81 on Tuesday. The firm has a 50-day moving average of $13.31 and a two-hundred day moving average of $13.29. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14. The stock has a market cap of $315.90 million, a P/E ratio of 35.80, a PEG ratio of 1.85 and a beta of 0.93. Luxfer Holdings PLC has a 1-year low of $9.26 and a 1-year high of $15.64.

Luxfer (NYSE:LXFR) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. The firm had revenue of $103.40 million during the quarter, compared to analyst estimates of $89.50 million. On average, research analysts expect that Luxfer Holdings PLC will post 0.85 earnings per share for the current fiscal year.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Friday, January 17th were issued a $0.13 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.52 annualized dividend and a yield of 4.40%. Luxfer’s dividend payout ratio is presently 76.47%.

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.