Artisan Partners Limited Partnership boosted its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR – Free Report) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 239,898 shares of the industrial products company’s stock after purchasing an additional 12,880 shares during the quarter. Artisan Partners Limited Partnership owned about 0.89% of Luxfer worth $3,414,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Martingale Asset Management L P bought a new stake in Luxfer during the 1st quarter valued at approximately $257,000. Aristides Capital LLC acquired a new position in Luxfer in the 1st quarter valued at approximately $654,000. Earnest Partners LLC acquired a new position in Luxfer in the 2nd quarter valued at approximately $5,856,000. Allspring Global Investments Holdings LLC acquired a new position in Luxfer in the 2nd quarter valued at approximately $26,000. Finally, First Wilshire Securities Management Inc. raised its holdings in Luxfer by 1.1% in the 1st quarter. First Wilshire Securities Management Inc. now owns 605,060 shares of the industrial products company’s stock valued at $10,226,000 after acquiring an additional 6,524 shares in the last quarter. Institutional investors own 95.03% of the company’s stock.
Insider Transactions at Luxfer
In related news, Director Patrick K. Mullen bought 11,735 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was acquired at an average cost of $8.37 per share, with a total value of $98,221.95. Following the acquisition, the director now owns 25,264 shares in the company, valued at approximately $211,459.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Luxfer news, CEO Andrew Butcher purchased 5,800 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average cost of $8.62 per share, with a total value of $49,996.00. Following the acquisition, the chief executive officer now directly owns 124,534 shares of the company’s stock, valued at approximately $1,073,483.08. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patrick K. Mullen purchased 11,735 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were acquired at an average cost of $8.37 per share, with a total value of $98,221.95. Following the completion of the acquisition, the director now directly owns 25,264 shares in the company, valued at $211,459.68. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 18,735 shares of company stock valued at $158,370. Corporate insiders own 1.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Luxfer Trading Up 1.1 %
Luxfer stock opened at $8.50 on Friday. The business has a 50 day moving average price of $10.53 and a two-hundred day moving average price of $12.65. The company has a quick ratio of 1.00, a current ratio of 2.37 and a debt-to-equity ratio of 0.38. The stock has a market cap of $228.40 million, a price-to-earnings ratio of 40.48 and a beta of 0.94. Luxfer Holdings PLC has a 12 month low of $7.91 and a 12 month high of $17.83.
Luxfer (NYSE:LXFR – Get Free Report) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Luxfer had a return on equity of 9.56% and a net margin of 1.39%. The business had revenue of $97.40 million during the quarter, compared to analysts’ expectations of $97.00 million.
Luxfer Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, October 13th were issued a $0.13 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.12%. Luxfer’s payout ratio is presently 247.62%.
Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and emergency response, healthcare, transportation, and general industrial end-market applications. It operates in two segments, Elektron and Gas Cylinders.
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