Luxfer (NYSE:LXFR) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Luxfer Holdings PLC (NYSE:LXFR)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

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

Luxfer Stock Performance

The company’s fifty day moving average price is $12.86 and its two-hundred day moving average price is $12.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.71 and a current ratio of 1.66. The firm has a market capitalization of $341.24 million, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.02.

Luxfer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Friday, October 17th were issued 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 was Friday, October 17th. Luxfer’s dividend payout ratio (DPR) is 98.11%.

Institutional Trading of Luxfer

A number of institutional investors and hedge funds have recently made changes to their positions in LXFR. Intech Investment Management LLC increased its stake in Luxfer by 8.7% during the third quarter. Intech Investment Management LLC now owns 14,713 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 1,178 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Luxfer by 7.1% during the 3rd quarter. Alliancebernstein L.P. now owns 21,200 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 1,400 shares during the period. Savant Capital LLC increased its position in Luxfer by 8.4% during the 2nd quarter. Savant Capital LLC now owns 18,127 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 1,406 shares in the last quarter. Marshall Wace LLP lifted its position in Luxfer by 0.9% during the second quarter. Marshall Wace LLP now owns 172,736 shares of the industrial products company’s stock valued at $2,104,000 after buying an additional 1,570 shares in the last quarter. Finally, First Wilshire Securities Management Inc. lifted its position in Luxfer by 0.6% during the first quarter. First Wilshire Securities Management Inc. now owns 354,736 shares of the industrial products company’s stock valued at $4,207,000 after buying an additional 1,963 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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.