Capstone Investment Advisors LLC Takes $553,000 Position in Crane NXT, Co. $CXT

Capstone Investment Advisors LLC bought a new stake in Crane NXT, Co. (NYSE:CXT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,807 shares of the company’s stock, valued at approximately $553,000.

Other hedge funds have also made changes to their positions in the company. UBS Group AG lifted its position in shares of Crane NXT by 3.0% during the 4th quarter. UBS Group AG now owns 787,803 shares of the company’s stock worth $37,082,000 after purchasing an additional 23,255 shares during the last quarter. Walleye Capital LLC purchased a new stake in Crane NXT during the 2nd quarter worth about $1,066,000. Bank of America Corp DE lifted its holdings in Crane NXT by 38.7% during the 1st quarter. Bank of America Corp DE now owns 449,024 shares of the company’s stock worth $18,226,000 after buying an additional 125,207 shares during the last quarter. KLCM Advisors Inc. acquired a new position in shares of Crane NXT during the 1st quarter worth about $10,874,000. Finally, Gabelli Funds LLC boosted its position in shares of Crane NXT by 7.7% during the 1st quarter. Gabelli Funds LLC now owns 275,028 shares of the company’s stock worth $11,163,000 after acquiring an additional 19,658 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Northland Securities set a $65.00 price target on Crane NXT in a report on Monday, August 10th. Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Finally, Robert W. Baird set a $68.00 target price on shares of Crane NXT in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Crane NXT presently has an average rating of “Moderate Buy” and a consensus target price of $68.20.

Crane NXT Stock Performance

NYSE:CXT opened at $50.28 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.07. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 20.78 and a beta of 1.09. The firm’s fifty day moving average price is $50.92 and its 200 day moving average price is $46.43. Crane NXT, Co. has a 1-year low of $35.71 and a 1-year high of $69.00.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. The company had revenue of $493.20 million for the quarter, compared to analysts’ expectations of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, sell-side analysts expect that Crane NXT, Co. will post 4.27 EPS for the current year.

Crane NXT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 31st. Crane NXT’s dividend payout ratio is currently 29.75%.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.