Nuveen LLC Takes $2.82 Million Position in Luxfer Holdings PLC $LXFR

Nuveen LLC purchased a new stake in Luxfer Holdings PLC (NYSE:LXFR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 237,861 shares of the industrial products company’s stock, valued at approximately $2,821,000. Nuveen LLC owned about 0.87% of Luxfer at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in shares of Luxfer in the first quarter valued at about $29,000. Allspring Global Investments Holdings LLC increased its holdings in Luxfer by 53.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 34,861 shares of the industrial products company’s stock worth $409,000 after buying an additional 12,214 shares during the last quarter. Millennium Management LLC acquired a new position in Luxfer during the fourth quarter worth $3,308,000. Price T Rowe Associates Inc. MD acquired a new position in Luxfer during the fourth quarter worth approximately $137,000. Finally, Envestnet Asset Management Inc. increased its position in Luxfer by 7.6% during the first quarter. Envestnet Asset Management Inc. now owns 439,684 shares of the industrial products company’s stock worth $5,215,000 after buying an additional 31,123 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Luxfer news, Director Patrick K. Mullen sold 5,463 shares of the firm’s stock in a transaction on 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sylvia Ann Stein sold 4,108 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $10.02, for a total value of $41,162.16. Following the completion of the sale, the director directly owned 9,901 shares in the company, valued at approximately $99,208.02. This represents a 29.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,151 shares of company stock valued at $269,715. Company insiders own 1.24% of the company’s stock.

Luxfer Trading Up 1.6%

Shares of NYSE:LXFR opened at $13.73 on Friday. The company has a market capitalization of $367.28 million, a P/E ratio of 15.25, a P/E/G ratio of 1.82 and a beta of 1.15. Luxfer Holdings PLC has a 1 year low of $9.41 and a 1 year high of $15.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.65 and a quick ratio of 0.83. The business’s 50 day simple moving average is $12.30 and its 200 day simple moving average is $11.90.

Luxfer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, July 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, July 18th. Luxfer’s dividend payout ratio is presently 57.78%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd.

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.