MetLife Investment Management LLC Sells 1,950 Shares of Luxfer Holdings PLC $LXFR

MetLife Investment Management LLC cut its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR) by 12.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,157 shares of the industrial products company’s stock after selling 1,950 shares during the period. MetLife Investment Management LLC owned about 0.05% of Luxfer worth $168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LXFR. Bank of America Corp DE lifted its stake in Luxfer by 48.3% during the fourth quarter. Bank of America Corp DE now owns 1,854,220 shares of the industrial products company’s stock worth $24,272,000 after purchasing an additional 603,954 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Luxfer during the fourth quarter worth $3,308,000. Nuveen LLC bought a new stake in shares of Luxfer during the first quarter worth $2,821,000. Royce & Associates LP grew its stake in shares of Luxfer by 8.4% during the first quarter. Royce & Associates LP now owns 1,759,749 shares of the industrial products company’s stock worth $20,871,000 after buying an additional 135,688 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Luxfer during the fourth quarter worth $1,462,000. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd.

Luxfer Stock Performance

NYSE LXFR opened at $13.26 on Wednesday. The company has a market capitalization of $354.70 million, a price-to-earnings ratio of 14.73, a PEG ratio of 1.83 and a beta of 1.13. Luxfer Holdings PLC has a twelve month low of $9.41 and a twelve month high of $15.64. The stock has a fifty day simple moving average of $12.54 and a 200 day simple moving average of $11.83. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 0.10.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, July 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, July 18th. Luxfer’s dividend payout ratio is presently 57.78%.

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.