Crane NXT, Co. $CXT Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in Crane NXT, Co. (NYSE:CXT) by 23.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 960,938 shares of the company’s stock after selling 295,358 shares during the quarter. Thrivent Financial for Lutherans owned about 1.67% of Crane NXT worth $45,231,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Channing Capital Management LLC acquired a new stake in shares of Crane NXT in the 3rd quarter valued at approximately $14,384,000. Congress Asset Management Co. increased its stake in Crane NXT by 4.3% in the 4th quarter. Congress Asset Management Co. now owns 1,216,829 shares of the company’s stock valued at $57,276,000 after purchasing an additional 49,669 shares in the last quarter. Thornburg Investment Management Inc. purchased a new position in Crane NXT in the 3rd quarter valued at approximately $9,923,000. Vanguard Group Inc. increased its stake in Crane NXT by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 6,005,746 shares of the company’s stock valued at $402,805,000 after purchasing an additional 64,523 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Crane NXT by 8.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 286,734 shares of the company’s stock valued at $19,231,000 after purchasing an additional 21,760 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CXT has been the subject of several research analyst reports. Weiss Ratings downgraded Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Friday. 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. UBS Group set a $58.00 price objective on Crane NXT in a research note on Friday, February 13th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Crane NXT in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.40.

Crane NXT Stock Performance

Crane NXT stock opened at $38.25 on Friday. 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 stock has a fifty day moving average of $43.31 and a two-hundred day moving average of $49.98. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 17.07 and a beta of 1.21. Crane NXT, Co. has a fifty-two week low of $38.19 and a fifty-two week high of $69.00.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $387.70 million during the quarter, compared to the consensus estimate of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.Crane NXT’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, analysts anticipate that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.9%. Crane NXT’s payout ratio is currently 32.14%.

Crane NXT 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.