Thrivent Financial for Lutherans Has $62.92 Million Stake in Crane NXT, Co. $CXT

Thrivent Financial for Lutherans raised its holdings in Crane NXT, Co. (NYSE:CXT) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,167,247 shares of the company’s stock after purchasing an additional 15,775 shares during the period. Thrivent Financial for Lutherans’ holdings in Crane NXT were worth $62,915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Hudson Bay Capital Management LP raised its position in shares of Crane NXT by 1,004.8% in the second quarter. Hudson Bay Capital Management LP now owns 110,482 shares of the company’s stock valued at $5,955,000 after buying an additional 100,482 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Crane NXT by 261.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,873 shares of the company’s stock worth $263,000 after acquiring an additional 3,524 shares during the period. Captrust Financial Advisors acquired a new position in Crane NXT in the 2nd quarter valued at $208,000. Scott Marsh Financial LLC bought a new stake in shares of Crane NXT during the 2nd quarter valued at $689,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Crane NXT during the 2nd quarter worth $313,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Down 5.0%

CXT stock opened at $51.83 on Monday. The firm has a 50-day moving average price of $61.34 and a 200-day moving average price of $59.51. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $69.00. The company has a current ratio of 1.26, a quick ratio of 0.94 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $2.98 billion, a P/E ratio of 19.34 and a beta of 1.18.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, June 1st. The company reported $1.81 earnings per share (EPS) for the quarter. The company had revenue of $871.50 million for the quarter. Crane NXT had a net margin of 9.80% and a return on equity of 20.24%. As a group, equities research analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.3%. Crane NXT’s dividend payout ratio (DPR) is 25.37%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CXT shares. DA Davidson reaffirmed a “buy” rating and set a $85.00 price objective on shares of Crane NXT in a research report on Tuesday, September 23rd. Oppenheimer increased their price target on shares of Crane NXT from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Crane NXT in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.25.

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.