Royce & Associates LP Buys 253,670 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Royce & Associates LP boosted its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 23.2% in the third quarter, Holdings Channel reports. The institutional investor owned 1,348,392 shares of the industrial products company’s stock after purchasing an additional 253,670 shares during the period. Royce & Associates LP owned 0.05% of Luxfer worth $17,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in shares of Luxfer in the 2nd quarter worth $25,000. CWM LLC increased its holdings in shares of Luxfer by 466.6% in the 2nd quarter. CWM LLC now owns 7,558 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 6,224 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Luxfer in the 3rd quarter worth $130,000. Algert Global LLC bought a new stake in shares of Luxfer in the 2nd quarter worth $133,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of 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 purchasing an additional 13,445 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Insider Activity at Luxfer

In other news, insider Graham Wardlow sold 6,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $10.83, for a total value of $70,395.00. Following the transaction, the insider now directly owns 29,008 shares in the company, valued at $314,156.64. The trade was a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Luxfer Stock Performance

LXFR stock opened at $14.34 on Friday. The company 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. Luxfer Holdings PLC has a 1 year low of $7.55 and a 1 year high of $15.64. 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’s fifty day moving average price is $12.96 and its 200-day moving average price is $12.04.

Luxfer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 18th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.52 annualized dividend and a yield of 3.63%. Luxfer’s dividend payout ratio (DPR) is presently 157.58%.

Luxfer 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.