Crane NXT, Co. (NYSE:CXT) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Crane NXT a “Moderate Buy” consensus: Four analysts recommend buying the stock, one rates it a strong buy, and two suggest holding. The average 12-month price target is $68.20 versus a recent price of $50.28.
• Institutional ownership increased significantly, with hedge funds and other institutions holding 77.49% of the shares. BlackRock initiated a stake worth approximately $329.8 million, while several other major investors expanded their positions.
• Crane NXT exceeded quarterly expectations, reporting $1.10 in EPS and $493.2 million in revenue, up 22.1% year over year. The company also announced a quarterly dividend of $0.18 per share, equivalent to a 1.4% yield.

Shares of Crane NXT, Co. (NYSE:CXT - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $68.20.

A number of brokerages have issued reports on CXT. Weiss Ratings raised shares of Crane NXT from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 13th. Northland Securities set a $65.00 price objective on shares of Crane NXT in a research note on Monday, August 10th. Robert W. Baird set a $68.00 target price on shares of Crane NXT in a report on Friday, August 7th. Finally, Zacks Research raised Crane NXT from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th.

Hedge Funds Weigh In On Crane NXT

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Crane NXT in the second quarter worth $329,797,000. California State Teachers Retirement System raised its holdings in Crane NXT by 4,884.9% in the 2nd quarter. California State Teachers Retirement System now owns 3,016,035 shares of the company's stock worth $154,300,000 after purchasing an additional 2,955,532 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Crane NXT by 12.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,930,800 shares of the company's stock worth $78,366,000 after purchasing an additional 214,857 shares during the period. Alliancebernstein L.P. lifted its position in shares of Crane NXT by 2,449.9% in the 2nd quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company's stock worth $95,446,000 after purchasing an additional 1,701,361 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Crane NXT by 1.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company's stock valued at $78,212,000 after purchasing an additional 25,849 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Stock Performance

Shares of CXT stock opened at $50.28 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.42. Crane NXT has a fifty-two week low of $35.71 and a fifty-two week high of $69.00. The stock has a 50 day moving average price of $50.92 and a two-hundred day moving average price of $46.37. The company has a market capitalization of $2.89 billion, a P/E ratio of 20.78 and a beta of 1.09.

Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The firm had revenue of $493.20 million for the quarter, compared to analysts' expectations of $475.62 million. During the same quarter last year, the business earned $0.97 earnings per share. The business's revenue was up 22.1% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Analysts expect that Crane NXT will post 4.27 earnings per share for the current year.

Crane NXT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be issued a $0.18 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.4%. Crane NXT's dividend payout ratio (DPR) is 29.75%.

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.

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