Allspring Global Investments Holdings LLC Has $405,000 Stake in Luxfer Holdings PLC $LXFR

Allspring Global Investments Holdings LLC decreased its stake in Luxfer Holdings PLC (NYSE:LXFR) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,962 shares of the industrial products company’s stock after selling 1,899 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.12% of Luxfer worth $405,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LXFR. Nuveen LLC acquired a new position in Luxfer in the first quarter worth $2,821,000. Royce & Associates LP boosted its stake in Luxfer by 8.4% in the first quarter. Royce & Associates LP now owns 1,759,749 shares of the industrial products company’s stock worth $20,871,000 after purchasing an additional 135,688 shares in the last quarter. American Century Companies Inc. boosted its stake in Luxfer by 5.5% in the first quarter. American Century Companies Inc. now owns 1,265,173 shares of the industrial products company’s stock worth $15,005,000 after purchasing an additional 65,470 shares in the last quarter. Earnest Partners LLC boosted its stake in Luxfer by 6.5% in the first quarter. Earnest Partners LLC now owns 738,724 shares of the industrial products company’s stock worth $8,761,000 after purchasing an additional 45,172 shares in the last quarter. Finally, Strs Ohio acquired a new position in Luxfer in the first quarter worth $504,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LXFR shares. Wall Street Zen downgraded Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Luxfer in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Luxfer Trading Down 0.3%

LXFR stock opened at $13.54 on Friday. The business has a fifty day moving average of $13.46 and a 200-day moving average of $12.22. The company has a market cap of $362.33 million, a P/E ratio of 15.04, a PEG ratio of 1.83 and a beta of 1.10. 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 Holdings PLC has a twelve month low of $9.41 and a twelve month high of $15.64.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Friday, October 17th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, October 17th. Luxfer’s dividend payout ratio is currently 57.78%.

Luxfer Company 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.