58,014 Shares in Crane NXT, Co. $CXT Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new position in shares of Crane NXT, Co. (NYSE:CXT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 58,014 shares of the company’s stock, valued at approximately $2,731,000. CenterBook Partners LP owned 0.10% of Crane NXT at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CXT. Smartleaf Asset Management LLC lifted its holdings in Crane NXT by 141.6% during the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock worth $25,000 after acquiring an additional 228 shares during the period. Camelot Portfolios LLC bought a new stake in Crane NXT during the fourth quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in Crane NXT during the third quarter worth $31,000. Aster Capital Management DIFC Ltd bought a new stake in Crane NXT during the third quarter worth $33,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Crane NXT by 4,080.0% during the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $34,000 after acquiring an additional 612 shares during the period. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Stock Performance

Shares of CXT opened at $36.70 on Tuesday. The firm has a market cap of $2.11 billion, a PE ratio of 16.38 and a beta of 1.15. The stock’s fifty day moving average price is $41.78 and its two-hundred day moving average price is $47.23. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99. Crane NXT, Co. has a 1 year low of $35.71 and a 1 year high of $69.00.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, equities research analysts forecast that Crane NXT, Co. will post 4.22 EPS for the current year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors 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 2.0%. The ex-dividend date is Friday, May 29th. Crane NXT’s payout ratio is presently 32.14%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CXT shares. DA Davidson reiterated a “buy” rating and set a $85.00 price target on shares of Crane NXT in a report on Tuesday, February 17th. 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 research note on Friday, May 15th. Oppenheimer lowered their target price on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, Robert W. Baird set a $67.00 target price on Crane NXT in a research note on Friday, May 8th. 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.40.

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.