Luxfer (NYSE:LXFR) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Luxfer Holdings PLC (NYSE:LXFR)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.56 and traded as high as $12.83. Luxfer shares last traded at $12.7710, with a volume of 111,625 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Luxfer in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Luxfer Price Performance

The stock has a market capitalization of $341.24 million, a price-to-earnings ratio of 24.10, a P/E/G ratio of 1.65 and a beta of 1.02. The company has a quick ratio of 0.71, a current ratio of 1.66 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average of $12.86 and a 200-day moving average of $12.56.

Luxfer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Friday, October 17th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, October 17th. Luxfer’s dividend payout ratio (DPR) is 98.11%.

Institutional Trading of Luxfer

Large investors have recently made changes to their positions in the company. Artisan Partners Limited Partnership boosted its holdings in shares of Luxfer by 18.5% in the third quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock valued at $23,108,000 after acquiring an additional 258,957 shares in the last quarter. American Century Companies Inc. boosted its holdings in Luxfer by 12.8% in the 3rd quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock valued at $22,094,000 after purchasing an additional 180,199 shares in the last quarter. Vanguard Group Inc. increased its position in Luxfer by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 1,510,311 shares of the industrial products company’s stock worth $17,912,000 after purchasing an additional 21,797 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Luxfer by 3.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 891,782 shares of the industrial products company’s stock worth $12,396,000 after buying an additional 33,074 shares in the last quarter. Finally, Earnest Partners LLC lifted its holdings in shares of Luxfer by 6.5% in the 1st quarter. Earnest Partners LLC now owns 738,724 shares of the industrial products company’s stock valued at $8,761,000 after buying an additional 45,172 shares during the period. 90.82% of the stock is owned by institutional investors and hedge funds.

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.