Thrivent Financial for Lutherans Lowers Stock Holdings in Crane NXT, Co. $CXT

Thrivent Financial for Lutherans lowered its holdings in Crane NXT, Co. (NYSE:CXT) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 960,938 shares of the company’s stock after selling 295,358 shares during the period. Thrivent Financial for Lutherans’ holdings in Crane NXT were worth $45,231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Channing Capital Management LLC purchased a new stake in shares of Crane NXT in the third quarter valued at $14,384,000. Congress Asset Management Co. grew 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 purchasing an additional 49,669 shares during the period. Thornburg Investment Management Inc. purchased a new stake in shares of Crane NXT in the third quarter valued at $9,923,000. Vanguard Group Inc. grew 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 purchasing an additional 64,523 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Crane NXT by 8.2% in the third quarter. Envestnet Asset Management Inc. now owns 286,734 shares of the company’s stock valued at $19,231,000 after purchasing an additional 21,760 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

CXT has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Crane NXT in a research report on Tuesday, February 17th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings cut Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Robert W. Baird set a $67.00 target price on Crane NXT in a report on Friday, May 8th. Finally, 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 report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.40.

Crane NXT Price Performance

Shares of Crane NXT stock opened at $38.25 on Friday. Crane NXT, Co. has a twelve month low of $38.19 and a twelve month high of $69.00. The stock has a market capitalization of $2.20 billion, a P/E ratio of 17.07 and a beta of 1.21. The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The business’s fifty day moving average price is $43.31 and its 200 day moving average price is $49.98.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $378.63 million. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, May 29th. Crane NXT’s payout ratio is currently 32.14%.

Crane NXT 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.