Luxfer (NYSE:LXFR) Shares Cross Above 200-Day Moving Average – Time to Sell?

Luxfer Holdings PLC (NYSE:LXFR) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.97 and traded as high as $14.84. Luxfer shares last traded at $14.21, with a volume of 78,942 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 22nd.

Luxfer Price Performance

The firm has a market capitalization of $389.43 million, a price-to-earnings ratio of 44.07, a P/E/G ratio of 1.83 and a beta of 0.88. The company has a fifty day moving average price of $13.62 and a two-hundred day moving average price of $13.00. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 17th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Monday, January 27th. Luxfer’s dividend payout ratio (DPR) is currently 157.58%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp grew its holdings in Luxfer by 0.4% in the 4th quarter. Northern Trust Corp now owns 220,406 shares of the industrial products company’s stock valued at $2,885,000 after buying an additional 808 shares during the period. State Street Corp increased its holdings in Luxfer by 0.3% during the 3rd quarter. State Street Corp now owns 558,847 shares of the industrial products company’s stock worth $7,237,000 after purchasing an additional 1,413 shares during the last quarter. Rhumbline Advisers raised its position in shares of Luxfer by 5.6% during the 4th quarter. Rhumbline Advisers now owns 44,790 shares of the industrial products company’s stock valued at $586,000 after acquiring an additional 2,382 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Luxfer by 10.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 25,639 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 2,470 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Luxfer by 26.9% during the 4th quarter. SG Americas Securities LLC now owns 12,692 shares of the industrial products company’s stock valued at $166,000 after acquiring an additional 2,690 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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.