Crane NXT (NYSE:CXT) Reaches New 52-Week Low – Here’s Why

Crane NXT, Co. (NYSE:CXT) 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 changing hands. The stock had previously closed at $39.79.

Analyst Ratings Changes

CXT has been the subject of several recent research reports. Oppenheimer lowered their price target on Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. DA Davidson reaffirmed a “buy” rating and set a $85.00 target price on shares of Crane NXT in a research report on Tuesday, February 17th. Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research report on Friday. Weiss Ratings cut Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, UBS Group set a $58.00 target price on Crane NXT in a research report on Friday, February 13th. One investment 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $65.40.

Crane NXT Stock Down 3.9%

The stock has a market cap of $2.20 billion, a P/E ratio of 17.07 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. The business has a 50-day simple moving average of $43.31 and a 200-day simple moving average of $49.98.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) 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 firm had revenue of $387.70 million during the quarter, compared to analysts’ expectations of $378.63 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’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. Analysts expect that Crane NXT, Co. will post 4.26 EPS for the current year.

Crane NXT Announces Dividend

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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 29th. Crane NXT’s dividend payout ratio is currently 32.14%.

Institutional Investors Weigh In On Crane NXT

Hedge funds have recently modified their holdings of the business. Channing Capital Management LLC bought a new stake in shares of Crane NXT in the third quarter valued at approximately $14,384,000. Thrivent Financial for Lutherans boosted its position in shares of Crane NXT by 7.6% in the third quarter. Thrivent Financial for Lutherans now owns 1,256,296 shares of the company’s stock valued at $84,259,000 after acquiring an additional 89,049 shares during the period. Congress Asset Management Co. boosted its position in shares of Crane NXT by 4.3% in the fourth quarter. Congress Asset Management Co. now owns 1,216,829 shares of the company’s stock valued at $57,276,000 after acquiring an additional 49,669 shares during the period. Thornburg Investment Management Inc. bought a new stake in shares of Crane NXT in the third quarter valued at approximately $9,923,000. Finally, Vanguard Group Inc. boosted its position in shares of Crane NXT by 1.1% in the third quarter. Vanguard Group Inc. now owns 6,005,746 shares of the company’s stock valued at $402,805,000 after acquiring an additional 64,523 shares during the period. 77.49% of the stock is owned by institutional investors.

Crane NXT Company Profile

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.