Y Intercept Hong Kong Ltd Takes Position in Crane NXT, Co. $CXT

Y Intercept Hong Kong Ltd purchased a new position in shares of Crane NXT, Co. (NYSE:CXTFree Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,526 shares of the company’s stock, valued at approximately $590,000.

Other large investors also recently added to or reduced their stakes in the company. Palouse Capital Management Inc. bought a new position in Crane NXT during the first quarter worth about $125,000. Pictet Asset Management Holding SA boosted its holdings in Crane NXT by 14.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 8,144 shares of the company’s stock worth $331,000 after buying an additional 1,048 shares during the period. Louisiana State Employees Retirement System purchased a new position in Crane NXT in the 1st quarter valued at approximately $580,000. Kirr Marbach & Co. LLC IN raised its holdings in Crane NXT by 15.7% during the 1st quarter. Kirr Marbach & Co. LLC IN now owns 112,153 shares of the company’s stock valued at $4,552,000 after acquiring an additional 15,229 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in Crane NXT by 5.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 28,273 shares of the company’s stock valued at $1,331,000 after acquiring an additional 1,533 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

NYSE:CXT opened at $50.53 on Tuesday. Crane NXT, Co. has a 52-week low of $35.71 and a 52-week high of $69.00. The stock has a fifty day moving average of $43.60 and a 200 day moving average of $46.09. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 22.56 and a beta of 1.10.

Crane NXT (NYSE:CXTGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. During the same period in the prior year, the company earned $0.54 EPS. The company’s quarterly 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. On average, research analysts expect that Crane NXT, Co. will post 4.23 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Sunday, May 31st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 29th. Crane NXT’s dividend payout ratio is 32.14%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings downgraded Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Oppenheimer decreased 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 shares of Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Robert W. Baird set a $67.00 price objective on shares of Crane NXT in a research report on Friday, May 8th. Finally, Northland Securities raised shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.40.

View Our Latest Analysis on Crane NXT

Crane NXT Profile

(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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Institutional Ownership by Quarter for Crane NXT (NYSE:CXT)

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