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

Crane NXT, Co. (NYSE:CXT) shares were up 6.7% during trading 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.

Analysts Set New Price Targets

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

Crane NXT Price Performance

The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The company has a market cap of $2.76 billion, a PE ratio of 21.40 and a beta of 1.15. The firm has a 50 day moving average of $42.18 and a two-hundred day moving average of $46.18.

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

Crane NXT Dividend Announcement

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

Institutional Trading of Crane NXT

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in Crane NXT by 120.3% in the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after buying an additional 391 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Crane NXT by 23.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 177,810 shares of the company’s stock valued at $9,139,000 after buying an additional 33,336 shares during the last quarter. Jane Street Group LLC increased its position in shares of Crane NXT by 89.0% during the first quarter. Jane Street Group LLC now owns 52,113 shares of the company’s stock valued at $2,679,000 after acquiring an additional 24,540 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Crane NXT by 24.0% during the second quarter. Prudential Financial Inc. now owns 5,514 shares of the company’s stock valued at $297,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Crane NXT in the 2nd quarter worth approximately $511,000. 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.