Crane NXT, Co. (NYSE:CXT – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $45.77, but opened at $47.70. Crane NXT shares last traded at $48.7590, with a volume of 37,663 shares.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. DA Davidson restated a “buy” rating and set a $85.00 price target on shares of Crane NXT in a report on Friday. Jefferies Financial Group assumed coverage on shares of Crane NXT in a research note on Tuesday. They issued a “buy” rating and a $60.00 price target on the stock. Northland Securities set a $65.00 price objective on shares of Crane NXT in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, Robert W. Baird set a $68.00 target price on shares of Crane NXT in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.83.
Check Out Our Latest Research Report on Crane NXT
Crane NXT Price Performance
Crane NXT (NYSE:CXT – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.10 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 analyst estimates of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, analysts predict that Crane NXT, Co. will post 4.27 EPS for the current year.
Crane NXT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. Crane NXT’s payout ratio is 29.75%.
Institutional Trading of Crane NXT
Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Crane NXT during the 2nd quarter valued at about $329,797,000. Norges Bank bought a new position in shares of Crane NXT in the 4th quarter worth approximately $30,057,000. Bank of New York Mellon Corp purchased a new position in shares of Crane NXT in the second quarter worth approximately $23,160,000. Bank of America Corp DE purchased a new position in shares of Crane NXT in the second quarter worth approximately $20,900,000. Finally, Ancora Advisors LLC bought a new stake in Crane NXT during the second quarter valued at approximately $20,102,000. 77.49% of the stock is currently owned by institutional investors.
About Crane NXT
Crane NXT, Inc is a technology company that develops solutions for payment acceptance, cash management and brand protection. Its products are used by businesses and governments to authenticate currency, process transactions and protect products and documents from counterfeiting.
Through its Crane Payment Innovations business, the company provides banknote and coin validators, cashless payment systems, transaction-processing technology, telemetry and related software. These solutions serve industries such as vending, gaming, retail, transportation and other unattended-payment markets.
Crane NXT also operates Crane Currency, which supplies banknotes, security features and authentication technologies for central banks, commercial institutions and other organizations.
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