Luxfer (NYSE:LXFR) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Luxfer Holdings PLC (NYSE:LXFR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.64 and traded as high as $13.90. Luxfer shares last traded at $13.7040, with a volume of 106,182 shares.

Wall Street Analysts Forecast Growth

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

Luxfer Trading Down 0.6%

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.66 and a quick ratio of 0.71. The business’s 50-day moving average is $12.76 and its two-hundred day moving average is $12.64. The firm has a market cap of $366.17 million, a P/E ratio of 25.86, a P/E/G ratio of 1.80 and a beta of 1.02.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Friday, October 17th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, October 17th. Luxfer’s dividend payout ratio (DPR) is currently 98.11%.

Institutional Investors Weigh In On Luxfer

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership lifted its stake in Luxfer by 18.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock valued at $23,108,000 after purchasing an additional 258,957 shares during the last quarter. Nuveen LLC bought a new stake in Luxfer in the first quarter valued at approximately $2,821,000. American Century Companies Inc. raised its stake in Luxfer by 12.8% in the third quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock valued at $22,094,000 after buying an additional 180,199 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of Luxfer by 332.8% in the third quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company’s stock valued at $2,466,000 after buying an additional 136,402 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Luxfer by 33.1% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 455,985 shares of the industrial products company’s stock worth $5,554,000 after acquiring an additional 113,385 shares during the period. Institutional investors own 90.82% of the company’s stock.

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.