Martingale Asset Management L P Sells 35,749 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Martingale Asset Management L P decreased its position in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 51.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 33,754 shares of the industrial products company's stock after selling 35,749 shares during the period. Martingale Asset Management L P owned about 0.13% of Luxfer worth $442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Luxfer during the 4th quarter valued at $42,000. Globeflex Capital L P acquired a new stake in shares of Luxfer in the fourth quarter worth about $101,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Luxfer during the 4th quarter worth about $137,000. XTX Topco Ltd acquired a new stake in Luxfer in the 3rd quarter worth approximately $146,000. Finally, SG Americas Securities LLC lifted its holdings in Luxfer by 26.9% in the 4th quarter. SG Americas Securities LLC now owns 12,692 shares of the industrial products company's stock worth $166,000 after purchasing an additional 2,690 shares during the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Luxfer Stock Performance

NYSE:LXFR traded down $0.30 during mid-day trading on Friday, hitting $9.86. 125,377 shares of the company's stock traded hands, compared to its average volume of 134,377. The firm has a market capitalization of $263.70 million, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95. The firm has a 50 day moving average of $11.94 and a two-hundred day moving average of $13.07. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. Luxfer Holdings PLC has a 12 month low of $9.26 and a 12 month high of $15.64.

Luxfer (NYSE:LXFR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. The firm had revenue of $103.40 million during the quarter, compared to the consensus estimate of $89.50 million. On average, equities analysts forecast that Luxfer Holdings PLC will post 0.85 earnings per share for the current fiscal year.

Luxfer Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Friday, April 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.27%. Luxfer's payout ratio is 76.47%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Luxfer from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 21st.

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.