Luxfer (NYSE:LXFR) Stock Crosses Above 200 Day Moving Average – What’s Next?

Luxfer Holdings PLC (NYSE:LXFR) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.56 and traded as high as $13.15. Luxfer shares last traded at $12.84, with a volume of 105,397 shares.

Luxfer Stock Performance

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 company’s 50-day moving average price is $11.82 and its two-hundred day moving average price is $11.56. The company has a market capitalization of $352.00 million, a price-to-earnings ratio of -67.58, a PEG ratio of 2.48 and a beta of 0.91.

Luxfer (NYSE:LXFR) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, topping 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 company had revenue of $99.70 million during the quarter, compared to analysts’ expectations of $99.70 million. On average, equities research analysts anticipate that Luxfer Holdings PLC will post 0.75 EPS for the current fiscal year.

Luxfer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, October 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Friday, October 18th. Luxfer’s dividend payout ratio (DPR) is presently -273.68%.

Insider Transactions at Luxfer

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $10.83, for a total value of $70,395.00. Following the completion of the sale, the insider now directly owns 29,008 shares in the company, valued at approximately $314,156.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Luxfer

A number of large investors have recently bought and sold shares of LXFR. Mirae Asset Global Investments Co. Ltd. grew its holdings in Luxfer by 378.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,162 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 46,012 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Luxfer by 161.2% during the first quarter. GSA Capital Partners LLP now owns 91,718 shares of the industrial products company’s stock valued at $951,000 after buying an additional 56,605 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Luxfer by 254.8% during the first quarter. Russell Investments Group Ltd. now owns 18,721 shares of the industrial products company’s stock valued at $194,000 after buying an additional 13,445 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of Luxfer during the first quarter valued at about $432,000. Finally, First Eagle Investment Management LLC grew its holdings in shares of Luxfer by 6.3% during the first quarter. First Eagle Investment Management LLC now owns 245,039 shares of the industrial products company’s stock valued at $2,541,000 after buying an additional 14,500 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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 first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.