Luxfer (NYSE:LXFR) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Luxfer Holdings PLC (NYSE:LXFR) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

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

Luxfer Stock Down 0.6%

The stock’s fifty day simple moving average is $12.76 and its 200-day simple moving average is $12.64. The stock 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. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.71 and a current ratio of 1.66.

Luxfer Announces Dividend

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

Hedge Funds Weigh In On Luxfer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership grew its holdings in shares of Luxfer by 18.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,662,442 shares of the industrial products company’s stock worth $23,108,000 after purchasing an additional 258,957 shares in the last quarter. Nuveen LLC acquired a new position in Luxfer in the first quarter valued at about $2,821,000. American Century Companies Inc. lifted its position in Luxfer by 12.8% during the third quarter. American Century Companies Inc. now owns 1,589,528 shares of the industrial products company’s stock worth $22,094,000 after purchasing an additional 180,199 shares during the period. Bridgeway Capital Management LLC lifted its position in Luxfer by 332.8% during the third quarter. Bridgeway Capital Management LLC now owns 177,386 shares of the industrial products company’s stock worth $2,466,000 after purchasing an additional 136,402 shares during the period. Finally, Hillsdale Investment Management Inc. grew its stake in Luxfer by 33.1% during the second quarter. Hillsdale Investment Management Inc. now owns 455,985 shares of the industrial products company’s stock worth $5,554,000 after buying an additional 113,385 shares in the last quarter. 90.82% of the stock is 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.