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Patrick K. Mullen (NASDAQ:MULN), a director at Luxfer Holdings PLC (NYSE:LXFR), a $324 million market cap company trading at a P/E of 13.8x, recently sold 5,463 ordinary shares at an average price of $10.02 per share, totaling $54,739. The transaction took place on June 5, 2025. According to InvestingPro analysis, the company maintains strong financial health with a GOOD overall rating and offers an attractive 4.27% dividend yield. Following this sale, Mullen holds 35,617 shares directly.
In a related transaction, Mullen acquired 12,186 ordinary shares through the conversion of restricted stock units on the same day. These restricted stock units converted to ordinary shares on a one-for-one basis, as outlined in the company’s equity incentive plan. Additionally, on June 6, 2025, Mullen received an annual non-discretionary grant of 11,411 restricted stock units as part of the company’s plan for non-executive directors. These units are set to vest just before the company’s 2026 Annual General Meeting.
In other recent news, Luxfer Holdings PLC reported its Q1 2025 financial results, revealing an adjusted earnings per share (EPS) of $0.23, which surpassed analyst predictions of $0.21. Despite this EPS success, the company experienced a revenue shortfall, reporting $90.5 million against the anticipated $93 million. The company indicated strong performance in the defense and aerospace sectors, although the alternative fuel cylinder market remained weak. Luxfer reaffirmed its guidance for 2025, projecting flat revenue growth and an adjusted EPS range of $0.95 to $1.05.
Furthermore, during its Annual General Meeting, Luxfer’s shareholders approved several key resolutions, including the election of six directors and the reappointment of PricewaterhouseCoopers LLP as the independent auditor until 2026. Shareholders also authorized the Board to issue shares and repurchase up to 10% of the company’s issued share capital by 2030. Strategic initiatives such as the launch of a bulk gas transportation system in Europe were highlighted as part of Luxfer’s ongoing efforts to expand its market presence. These developments reflect Luxfer’s strategic focus on maintaining operational efficiency and exploring growth opportunities.
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