Crane NXT (NYSE:CXT) Reaches New 1-Year Low – Should You Sell?

Shares of Crane NXT, Co. (NYSE:CXTGet Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $38.75 and last traded at $38.60, with a volume of 241877 shares. The stock had previously closed at $39.79.

Analyst Ratings Changes

CXT has been the subject of several research analyst reports. Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday. Robert W. Baird set a $67.00 target price on shares of Crane NXT in a research note on Friday, May 8th. Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research note on Friday. UBS Group set a $58.00 price target on Crane NXT in a report on Friday, February 13th. Finally, DA Davidson reaffirmed a “buy” rating and set a $85.00 price objective on shares of Crane NXT in a research report on Tuesday, February 17th. One research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.40.

Get Our Latest Stock Analysis on Crane NXT

Crane NXT Stock Performance

The stock has a market capitalization of $2.22 billion, a P/E ratio of 17.20 and a beta of 1.21. The stock has a 50 day simple moving average of $43.51 and a two-hundred day simple moving average of $50.06. 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 (NYSE:CXTGet Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share 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 business had revenue of $387.70 million during the quarter, compared to analysts’ expectations of $378.63 million. During the same period last year, the business earned $0.54 earnings per share. The firm’s revenue was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, equities analysts forecast that Crane NXT, Co. will post 4.27 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 29th. Crane NXT’s dividend payout ratio (DPR) is presently 32.14%.

Institutional Investors Weigh In On Crane NXT

Several hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings in shares of Crane NXT by 141.6% in the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after purchasing an additional 228 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in Crane NXT during the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Crane NXT by 4,458.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after acquiring an additional 535 shares during the period. Quent Capital LLC acquired a new position in shares of Crane NXT in the third quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Crane NXT during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Company Profile

(Get 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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.

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