Crane NXT, Co. (NYSE:CXT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Crane NXT, Co. (NYSE:CXT) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $68.20.

CXT has been the topic of a number of recent research reports. Weiss Ratings raised shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Robert W. Baird set a $68.00 target price on shares of Crane NXT in a research note on Friday, August 7th. Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Northland Securities set a $65.00 price target on Crane NXT in a research note on Monday, August 10th.

Crane NXT Trading Up 0.3%

NYSE CXT opened at $50.28 on Monday. The firm has a market capitalization of $2.89 billion, a PE ratio of 20.78 and a beta of 1.09. The stock’s 50 day moving average is $50.92 and its 200 day moving average is $46.37. Crane NXT has a twelve month low of $35.71 and a twelve month high of $69.00. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00.

Crane NXT (NYSE:CXT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The business had revenue of $493.20 million during the quarter, compared to the consensus estimate of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Research analysts forecast that Crane NXT will post 4.27 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 31st. Crane NXT’s payout ratio is 29.75%.

Hedge Funds Weigh In On Crane NXT

Several institutional investors and hedge funds have recently modified their holdings of CXT. Caitong International Asset Management Co. Ltd raised its position in shares of Crane NXT by 4,458.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after purchasing an additional 535 shares during the last quarter. Transamerica Financial Advisors LLC purchased a new stake in Crane NXT during the 2nd quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Crane NXT during the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its position in Crane NXT by 4,080.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after purchasing an additional 612 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Crane NXT during the 2nd quarter valued at about $37,000. 77.49% of the stock is currently owned by 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.