Crane NXT, Co. (NYSE:CXT – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $42.88, but opened at $45.26. Crane NXT shares last traded at $45.5560, with a volume of 123,128 shares.
Analysts Set New Price Targets
Several equities analysts recently issued reports on CXT shares. Oppenheimer dropped their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Northland Securities upgraded Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research note on Friday, May 15th. Robert W. Baird set a $67.00 target price on Crane NXT in a report on Friday, May 8th. Finally, Weiss Ratings cut Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.40.
Crane NXT Trading Up 3.6%
Crane NXT (NYSE:CXT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $378.63 million. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s revenue was up 17.4% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Equities analysts forecast that Crane NXT, Co. will post 4.22 EPS for the current fiscal year.
Crane NXT Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 29th. Crane NXT’s dividend payout ratio (DPR) is currently 32.14%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of CXT. Jones Financial Companies Lllp lifted its holdings in Crane NXT by 120.3% in 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Crane NXT by 23.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 177,810 shares of the company’s stock valued at $9,139,000 after purchasing an additional 33,336 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Crane NXT by 89.0% in the first quarter. Jane Street Group LLC now owns 52,113 shares of the company’s stock valued at $2,679,000 after purchasing an additional 24,540 shares during the period. Prudential Financial Inc. lifted its stake in shares of Crane NXT by 24.0% in the second quarter. Prudential Financial Inc. now owns 5,514 shares of the company’s stock valued at $297,000 after purchasing an additional 1,069 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Crane NXT during the second quarter worth about $511,000. Institutional investors and hedge funds own 77.49% of the company’s stock.
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.
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