Luxfer (NYSE:LXFR) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.93 and traded as high as $14.99. Luxfer shares last traded at $14.99, with a volume of 171,671 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Luxfer from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 31st.

Luxfer Price Performance

The company's 50-day moving average price is $12.74 and its 200-day moving average price is $11.97. The company has a market cap of $397.49 million, a P/E ratio of 45.33, a P/E/G ratio of 2.43 and a beta of 0.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, October 18th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Friday, October 18th. Luxfer's payout ratio is presently 157.58%.

Insider Activity

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $10.83, for a total transaction of $70,395.00. Following the sale, the insider now directly owns 29,008 shares of the company's stock, valued at $314,156.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.17% of the company's stock.

Institutional Investors Weigh In On Luxfer

A number of institutional investors and hedge funds have recently bought and sold shares of LXFR. Vanguard Group Inc. grew its stake in shares of Luxfer by 188.8% during the 1st quarter. Vanguard Group Inc. now owns 1,685,338 shares of the industrial products company's stock valued at $17,477,000 after acquiring an additional 1,101,856 shares during the period. Royce & Associates LP grew its position in shares of Luxfer by 23.2% during the 3rd quarter. Royce & Associates LP now owns 1,348,392 shares of the industrial products company's stock worth $17,462,000 after buying an additional 253,670 shares in the last quarter. American Century Companies Inc. boosted its position in Luxfer by 23.1% during the second quarter. American Century Companies Inc. now owns 899,263 shares of the industrial products company's stock valued at $10,422,000 after purchasing an additional 169,015 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Luxfer by 7.0% in the second quarter. AQR Capital Management LLC now owns 561,878 shares of the industrial products company's stock worth $6,512,000 after acquiring an additional 36,711 shares in the last quarter. Finally, Earnest Partners LLC raised its stake in shares of Luxfer by 11.5% in the second quarter. Earnest Partners LLC now owns 558,449 shares of the industrial products company's stock worth $6,472,000 after purchasing an additional 57,656 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

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.