BNP Paribas Financial Markets Purchases 8,808 Shares of Luxfer Holdings PLC (NYSE:LXFR)

BNP Paribas Financial Markets boosted its stake in Luxfer Holdings PLC (NYSE:LXFR) by 34.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,447 shares of the industrial products company’s stock after acquiring an additional 8,808 shares during the period. BNP Paribas Financial Markets owned 0.13% of Luxfer worth $451,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LXFR. Hillsdale Investment Management Inc. increased its position in Luxfer by 2,131.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 312,400 shares of the industrial products company’s stock valued at $4,089,000 after buying an additional 298,400 shares in the last quarter. Royce & Associates LP increased its stake in shares of Luxfer by 20.4% in the 4th quarter. Royce & Associates LP now owns 1,624,061 shares of the industrial products company’s stock worth $21,259,000 after purchasing an additional 275,669 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Luxfer by 441.5% during the 4th quarter. JPMorgan Chase & Co. now owns 150,150 shares of the industrial products company’s stock valued at $1,965,000 after buying an additional 122,423 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Luxfer by 17.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 785,487 shares of the industrial products company’s stock worth $10,282,000 after purchasing an additional 115,623 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Luxfer by 14.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 670,564 shares of the industrial products company’s stock valued at $8,778,000 after acquiring an additional 84,097 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Luxfer from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st.

Luxfer Trading Down 0.4%

LXFR opened at $11.17 on Monday. The firm has a market cap of $304.10 million, a P/E ratio of 33.83, a P/E/G ratio of 1.85 and a beta of 1.09. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $10.98 and a 200 day moving average of $12.69. Luxfer Holdings PLC has a 12 month low of $9.41 and a 12 month high of $15.64.

Luxfer (NYSE:LXFR) last released its earnings results on Tuesday, February 25th. The industrial products company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $103.40 million for the quarter, compared to analysts’ expectations of $89.50 million. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. As a group, research analysts forecast that Luxfer Holdings PLC will post 0.85 EPS for the current year.

Luxfer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Friday, April 18th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.52 annualized dividend and a dividend yield of 4.66%. Luxfer’s dividend payout ratio is currently 66.67%.

Insider Activity

In other Luxfer news, insider Graham Wardlow sold 7,962 shares of Luxfer stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $11.33, for a total value of $90,209.46. Following the transaction, the insider now directly owns 25,847 shares of the company’s stock, valued at approximately $292,846.51. The trade was a 23.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.17% of the company’s stock.

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.