Louisiana State Employees Retirement System Buys New Stake in Crane NXT, Co. $CXT

Louisiana State Employees Retirement System purchased a new stake in Crane NXT, Co. (NYSE:CXT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,300 shares of the company’s stock, valued at approximately $580,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Congress Asset Management Co. grew its holdings in Crane NXT by 4.3% during the fourth quarter. Congress Asset Management Co. now owns 1,216,829 shares of the company’s stock worth $57,276,000 after acquiring an additional 49,669 shares during the period. UBS Group AG lifted its holdings in Crane NXT by 3.0% in the fourth quarter. UBS Group AG now owns 787,803 shares of the company’s stock valued at $37,082,000 after acquiring an additional 23,255 shares during the period. SG Americas Securities LLC boosted its position in Crane NXT by 432.3% in the 4th quarter. SG Americas Securities LLC now owns 60,990 shares of the company’s stock worth $2,871,000 after purchasing an additional 49,533 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Crane NXT in the 3rd quarter worth approximately $35,309,000. Finally, Interval Partners LP grew its stake in shares of Crane NXT by 68.6% during the 3rd quarter. Interval Partners LP now owns 127,008 shares of the company’s stock worth $8,518,000 after purchasing an additional 51,681 shares during the period. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Trading Down 3.7%

Shares of CXT stock opened at $50.03 on Wednesday. Crane NXT, Co. has a 1-year low of $35.71 and a 1-year high of $69.00. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 22.34 and a beta of 1.10. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99. The stock has a 50 day simple moving average of $43.12 and a 200-day simple moving average of $46.01.

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

Crane NXT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. Crane NXT’s payout ratio is currently 32.14%.

Analysts Set New Price Targets

Several research firms recently issued reports on CXT. Weiss Ratings cut shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Oppenheimer dropped their price target on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Robert W. Baird set a $67.00 price objective on shares of Crane NXT in a report on Friday, May 8th. Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Northland Securities raised shares of 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. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.40.

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.