Maverick Capital Ltd. Buys Shares of 22,089 Crane NXT, Co. $CXT

Maverick Capital Ltd. bought a new position in Crane NXT, Co. (NYSE:CXT) during the 1st quarter, HoldingsChannel.com reports. The fund bought 22,089 shares of the company’s stock, valued at approximately $897,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Camelot Portfolios LLC acquired a new stake in shares of Crane NXT during the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its holdings in Crane NXT by 4,458.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after buying an additional 535 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Crane NXT in the third quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its position in Crane NXT by 4,080.0% during the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after acquiring an additional 612 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in Crane NXT by 120.3% during the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after acquiring an additional 391 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Trading Up 0.7%

Crane NXT stock opened at $54.59 on Wednesday. The business has a 50 day moving average price of $45.82 and a two-hundred day moving average price of $46.39. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. Crane NXT, Co. has a 12 month low of $35.71 and a 12 month high of $69.00. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 24.37 and a beta of 1.10.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The firm had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, equities analysts forecast that Crane NXT, Co. will post 4.23 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Sunday, May 31st were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. Crane NXT’s payout ratio is presently 32.14%.

Analyst Ratings Changes

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

About Crane NXT

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.