Allspring Global Investments Holdings LLC Buys 12,214 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Allspring Global Investments Holdings LLC increased its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 53.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,861 shares of the industrial products company’s stock after buying an additional 12,214 shares during the period. Allspring Global Investments Holdings LLC owned about 0.13% of Luxfer worth $409,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Squarepoint Ops LLC raised its stake in shares of Luxfer by 9.6% in the fourth quarter. Squarepoint Ops LLC now owns 37,784 shares of the industrial products company’s stock valued at $495,000 after buying an additional 3,321 shares during the period. Occudo Quantitative Strategies LP purchased a new stake in Luxfer during the fourth quarter valued at about $188,000. Millennium Management LLC bought a new position in Luxfer during the fourth quarter worth about $3,308,000. Lazard Asset Management LLC grew its stake in Luxfer by 98.3% in the 4th quarter. Lazard Asset Management LLC now owns 48,057 shares of the industrial products company’s stock valued at $629,000 after buying an additional 23,820 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Luxfer by 90.0% during the 4th quarter. Deutsche Bank AG now owns 24,835 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 11,763 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Luxfer Stock Down 1.8%

Shares of NYSE:LXFR opened at $12.29 on Friday. The firm has a fifty day moving average price of $11.81 and a two-hundred day moving average price of $12.17. The company has a market cap of $334.78 million, a price-to-earnings ratio of 15.76, a PEG ratio of 1.74 and a beta of 1.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 1.03. Luxfer Holdings PLC has a one year low of $9.41 and a one year high of $15.64.

Luxfer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Friday, July 18th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.52 annualized dividend and a yield of 4.23%. Luxfer’s payout ratio is presently 66.67%.

Insiders Place Their Bets

In other Luxfer news, insider Graham Wardlow sold 7,962 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $11.33, for a total transaction of $90,209.46. Following the sale, the insider owned 25,847 shares in the company, valued at $292,846.51. This trade represents a 23.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patrick K. Mullen sold 5,463 shares of Luxfer stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $10.02, for a total value of $54,739.26. Following the sale, the director directly owned 35,617 shares of the company’s stock, valued at approximately $356,882.34. This trade represents a 13.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,987 shares of company stock worth $418,168. 1.24% of the stock is owned by corporate insiders.

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.