Crane NXT (NYSE:CXT – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, February 14th. Analysts expect Crane NXT to post earnings of $0.92 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Crane NXT Stock Performance
Shares of NYSE CXT opened at $60.11 on Tuesday. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 14.04 and a beta of 1.38. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.81. Crane NXT has a 1-year low of $36.37 and a 1-year high of $63.36. The stock’s 50-day moving average is $56.33 and its 200 day moving average is $55.74.
Analysts Set New Price Targets
Separately, DA Davidson raised their price objective on Crane NXT from $75.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th.
Insiders Place Their Bets
In other Crane NXT news, Director Max H. Mitchell sold 21,502 shares of Crane NXT stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $51.42, for a total value of $1,105,632.84. Following the transaction, the director now directly owns 322,628 shares of the company’s stock, valued at approximately $16,589,531.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Kurt F. Gallo sold 11,920 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $52.09, for a total transaction of $620,912.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Max H. Mitchell sold 21,502 shares of Crane NXT stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $51.42, for a total value of $1,105,632.84. Following the sale, the director now owns 322,628 shares in the company, valued at $16,589,531.76. The disclosure for this sale can be found here. Insiders have sold 33,428 shares of company stock valued at $1,726,858 in the last ninety days. Company insiders own 2.00% of the company’s stock.
Institutional Investors Weigh In On Crane NXT
Several hedge funds have recently added to or reduced their stakes in CXT. Qube Research & Technologies Ltd purchased a new position in shares of Crane NXT in the third quarter worth $34,000. Harbour Investments Inc. purchased a new position in shares of Crane NXT in the third quarter worth $65,000. Tower Research Capital LLC TRC purchased a new position in shares of Crane NXT in the third quarter worth $156,000. Integrated Wealth Concepts LLC purchased a new position in shares of Crane NXT in the third quarter worth $307,000. Finally, Deutsche Bank AG purchased a new position in shares of Crane NXT in the third quarter worth $332,000. 75.11% of the stock is owned by institutional investors.
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.
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