Luxfer Holdings PLC (NYSE:LXFR) Stock Position Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 6.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,564 shares of the industrial products company’s stock after selling 1,673 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of Luxfer worth $292,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised 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 worth $603,000 after buying an additional 46,012 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in shares of Luxfer in the first quarter valued at $432,000. First Eagle Investment Management LLC lifted its holdings in shares of Luxfer by 17.4% in the second quarter. First Eagle Investment Management LLC now owns 287,707 shares of the industrial products company’s stock valued at $3,335,000 after purchasing an additional 42,668 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of Luxfer in the first quarter worth $2,242,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Luxfer during the second quarter valued at $656,000. 90.82% of the stock is 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 dated Thursday, August 29th. The stock was sold at an average price of $10.83, for a total transaction of $70,395.00. Following the completion of the sale, the insider now directly owns 29,008 shares of the company’s stock, valued at $314,156.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Luxfer from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

Luxfer Stock Performance

LXFR stock opened at $14.30 on Friday. The firm has a 50 day simple moving average of $12.30 and a 200 day simple moving average of $11.74. Luxfer Holdings PLC has a 52 week low of $7.55 and a 52 week high of $15.15. The stock has a market cap of $382.95 million, a P/E ratio of 43.33, a P/E/G ratio of 2.74 and a beta of 0.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 2.17.

Luxfer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, October 18th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, October 18th. Luxfer’s dividend payout ratio (DPR) is currently 157.58%.

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.