Crane NXT (NYSE:CXT) Trading Up 6.7% – Should You Buy?

Crane NXT, Co. (NYSE:CXT) traded up 6.7% on Thursday . The company traded as high as $47.55 and last traded at $48.64. Approximately 52,092 shares were traded during mid-day trading, a decline of 93% from the average session volume of 773,345 shares. The stock had previously closed at $45.57.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CXT. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Robert W. Baird set a $67.00 price objective on Crane NXT in a research report on Friday, May 8th. Oppenheimer dropped their price objective on Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Friday, May 15th. Finally, Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. One equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.40.

Crane NXT Price Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. The business has a 50-day simple moving average of $42.18 and a 200 day simple moving average of $46.18. The firm has a market cap of $2.76 billion, a P/E ratio of 21.40 and a beta of 1.15.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, analysts anticipate that Crane NXT, Co. will post 4.22 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 29th. Crane NXT’s payout ratio is presently 32.14%.

Institutional Investors Weigh In On Crane NXT

Institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. increased its position in shares of Crane NXT by 2,449.9% during the second quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock valued at $95,446,000 after buying an additional 1,701,361 shares during the period. Channing Capital Management LLC lifted its holdings in Crane NXT by 632.9% in the fourth quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company’s stock worth $73,983,000 after buying an additional 1,357,312 shares during the period. Norges Bank bought a new stake in Crane NXT during the 4th quarter valued at approximately $30,057,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Crane NXT during the 3rd quarter valued at approximately $35,309,000. Finally, New York State Common Retirement Fund grew its holdings in shares of Crane NXT by 409.6% during the 4th quarter. New York State Common Retirement Fund now owns 392,187 shares of the company’s stock worth $18,460,000 after acquiring an additional 315,228 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Company Profile

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.