Central Pacific Bank Trust Division Purchases New Position in Crane NXT, Co. (NYSE:CXT)

Central Pacific Bank Trust Division purchased a new stake in shares of Crane NXT, Co. (NYSE:CXTFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,580 shares of the company’s stock, valued at approximately $463,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. increased its position in shares of Crane NXT by 9,630.0% during the fourth quarter. Assetmark Inc. now owns 973 shares of the company’s stock valued at $55,000 after buying an additional 963 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Crane NXT by 154.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,622 shares of the company’s stock valued at $100,000 after buying an additional 984 shares during the period. USA Financial Formulas bought a new stake in Crane NXT during the third quarter worth about $105,000. GAMMA Investing LLC bought a new stake in Crane NXT during the fourth quarter worth about $112,000. Finally, Atlas Capital Advisors LLC boosted its stake in Crane NXT by 30.5% during the first quarter. Atlas Capital Advisors LLC now owns 2,470 shares of the company’s stock worth $153,000 after acquiring an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CXT. DA Davidson boosted their price objective on shares of Crane NXT from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Northland Securities began coverage on shares of Crane NXT in a research note on Monday, April 8th. They issued an “outperform” rating and a $91.00 target price on the stock.

Get Our Latest Research Report on CXT

Crane NXT Stock Up 0.3 %

Shares of NYSE CXT traded up $0.15 during midday trading on Wednesday, hitting $55.78. The stock had a trading volume of 2,366 shares, compared to its average volume of 327,342. The business’s 50 day moving average is $60.92 and its 200-day moving average is $59.79. The company has a market cap of $3.19 billion, a P/E ratio of 17.55 and a beta of 1.34. Crane NXT, Co. has a 52 week low of $48.42 and a 52 week high of $64.80. The company has a quick ratio of 1.56, a current ratio of 2.12 and a debt-to-equity ratio of 0.66.

Crane NXT (NYSE:CXTGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $313.60 million during the quarter, compared to the consensus estimate of $311.72 million. Crane NXT had a return on equity of 25.50% and a net margin of 13.26%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. As a group, analysts predict that Crane NXT, Co. will post 4.3 EPS for the current year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Friday, May 31st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. Crane NXT’s dividend payout ratio (DPR) is 20.19%.

Crane NXT Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Crane NXT (NYSE:CXT)

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