Luxfer Holdings PLC (NYSE:LXFR) Stake Decreased by American Century Companies Inc.

Posted by Defense World Staff on Jun 9th, 2023

American Century Companies Inc. lessened its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR – Get Rating) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,027,417 shares of the industrial products company’s stock after selling 2,821 shares during the period. American Century Companies Inc. owned 3.78% of Luxfer worth $14,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of Luxfer during the first quarter valued at approximately $42,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Luxfer by 142.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,281 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 4,872 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Luxfer during the third quarter worth approximately $147,000. Keeley Teton Advisors LLC bought a new stake in Luxfer during the fourth quarter worth approximately $148,000. Finally, BNP Paribas Arbitrage SNC raised its holdings in Luxfer by 25.2% during the third quarter. BNP Paribas Arbitrage SNC now owns 12,547 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 2,524 shares in the last quarter. Institutional investors own 99.64% of the company’s stock.

Luxfer Price Performance

NYSE LXFR opened at $16.14 on Friday. The stock has a market capitalization of $445.46 million, a P/E ratio of 22.42 and a beta of 0.96. Luxfer Holdings PLC has a 1 year low of $12.71 and a 1 year high of $17.83. The business’s fifty day moving average is $15.29 and its two-hundred day moving average is $15.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.75 and a current ratio of 1.91.

Luxfer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 3rd. Shareholders of record on Friday, April 14th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, April 13th. This represents a $0.52 annualized dividend and a dividend yield of 3.22%. Luxfer’s dividend payout ratio is currently 72.22%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LXFR. EF Hutton Acquisition Co. I reissued a “buy” rating and set a $25.00 target price on shares of Luxfer in a report on Thursday, March 2nd. StockNews.com assumed coverage on Luxfer in a report on Thursday, May 18th. They set a “hold” rating on the stock.

About Luxfer

(Get Rating)

Luxfer Holdings Plc is a global producer of highly-engineered industrial materials, which specializes in the design and manufacture of high-performance products for transportation, defense and emergency response, healthcare, and general industrial purposes. It operates through the Gas Cylinder and Elektron segments.