Royce & Associates LP Purchases 253,670 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Royce & Associates LP lifted its stake in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 23.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,348,392 shares of the industrial products company's stock after acquiring an additional 253,670 shares during the quarter. Royce & Associates LP owned 5.04% of Luxfer worth $17,462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Luxfer by 188.8% in the first 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. Invenomic Capital Management LP bought a new position in shares of Luxfer in the 1st quarter worth approximately $2,841,000. Kennedy Capital Management LLC purchased a new position in shares of Luxfer in the first quarter worth approximately $2,242,000. American Century Companies Inc. grew 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 buying an additional 169,015 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Luxfer during the first quarter valued at approximately $1,574,000. 90.82% of the stock is currently owned by institutional investors.

Luxfer Stock Performance

LXFR traded down $0.31 during midday trading on Friday, reaching $14.34. The company had a trading volume of 103,740 shares, compared to its average volume of 159,247. The business has a 50-day moving average of $13.03 and a two-hundred day moving average of $12.07. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. Luxfer Holdings PLC has a 1 year low of $7.55 and a 1 year high of $15.64. The company has a market cap of $384.10 million, a P/E ratio of 43.45, a P/E/G ratio of 2.50 and a beta of 0.89.

Luxfer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.63%. The ex-dividend date was Friday, October 18th. Luxfer's dividend payout ratio is 157.58%.

Insiders Place Their Bets

In other news, insider Graham Wardlow sold 6,500 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $10.83, for a total value of $70,395.00. Following the transaction, the insider now directly owns 29,008 shares in the company, valued at $314,156.64. The trade was a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.17% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.