Luxfer (NYSE:LXFR) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.56 and traded as high as $13.15. Luxfer shares last traded at $12.84, with a volume of 105,397 shares.

Luxfer Stock Performance

The business's fifty day simple moving average is $11.82 and its 200-day simple moving average is $11.56. The firm has a market cap of $348.71 million, a P/E ratio of -67.58, a price-to-earnings-growth ratio of 2.48 and a beta of 0.91. The company has a current ratio of 2.39, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36.

Luxfer (NYSE:LXFR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. Luxfer had a positive return on equity of 6.24% and a negative net margin of 1.28%. The firm had revenue of $99.70 million during the quarter, compared to analyst estimates of $99.70 million. As a group, sell-side analysts expect that Luxfer Holdings PLC will post 0.75 earnings per share for the current year.

Luxfer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, October 18th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, October 18th. Luxfer's payout ratio is -273.68%.

Insider Activity at Luxfer

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of the company's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $10.83, for a total transaction of $70,395.00. Following the transaction, the insider now owns 29,008 shares in the company, valued at approximately $314,156.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Luxfer

A number of institutional investors and hedge funds have recently modified their holdings of LXFR. Itau Unibanco Holding S.A. purchased a new position in Luxfer in the second quarter worth about $25,000. CWM LLC grew its position in Luxfer by 466.6% during the second quarter. CWM LLC now owns 7,558 shares of the industrial products company's stock valued at $88,000 after buying an additional 6,224 shares during the period. SG Americas Securities LLC purchased a new stake in Luxfer during the third quarter valued at approximately $130,000. Algert Global LLC bought a new stake in shares of Luxfer during the 2nd quarter valued at $133,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Luxfer by 254.8% in the 1st quarter. Russell Investments Group Ltd. now owns 18,721 shares of the industrial products company's stock worth $194,000 after purchasing an additional 13,445 shares in the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

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.