Crane NXT, Co. (NYSE:CXT) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Crane NXT, with five buy ratings, one strong buy, and two holds. The average 12-month price target is $66.83.
• Institutional investors own 77.49% of the company, with major additions from BlackRock, Dimensional Fund Advisors, and Bank of New York Mellon.
• Crane NXT exceeded quarterly expectations, reporting $1.10 in earnings per share and $493.2 million in revenue, while revenue grew 22.1% year over year. The company also pays a quarterly dividend of $0.18 per share, yielding approximately 1.3%.

Crane NXT, Co. (NYSE:CXT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $66.83.

A number of brokerages have weighed in on CXT. Wall Street Zen upgraded Crane NXT from a "hold" rating to a "buy" rating in a research note on Saturday, October 3rd. Weiss Ratings raised Crane NXT from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Jefferies Financial Group initiated coverage on Crane NXT in a research note on Tuesday, September 22nd. They set a "buy" rating and a $60.00 target price for the company. Robert W. Baird set a $68.00 price target on shares of Crane NXT in a research report on Friday, August 7th. Finally, Northland Securities set a $65.00 price target on shares of Crane NXT in a research note on Monday, August 10th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Crane NXT in the second quarter valued at approximately $329,797,000. Dimensional Fund Advisors LP grew its stake 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 valued at $78,366,000 after purchasing an additional 214,857 shares during the period. Congress Asset Management Co. raised its stake in Crane NXT by 1.7% during the third quarter. Congress Asset Management Co. now owns 1,185,663 shares of the company's stock worth $55,845,000 after acquiring an additional 19,402 shares in the last quarter. Southernsun Asset Management LLC lifted its holdings in Crane NXT by 17.3% during the 1st quarter. Southernsun Asset Management LLC now owns 783,808 shares of the company's stock valued at $31,815,000 after purchasing an additional 115,598 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Crane NXT in the second quarter valued at approximately $23,160,000. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Trading Up 3.7%

CXT stock opened at $56.72 on Tuesday. Crane NXT has a 52 week low of $35.71 and a 52 week high of $68.54. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 23.44 and a beta of 1.08. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. The business has a fifty day simple moving average of $49.69 and a 200-day simple moving average of $47.04.

Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the previous year, the company posted $0.97 earnings per share. Crane NXT's revenue was up 22.1% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, equities research analysts expect that Crane NXT will post 4.31 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, August 31st. Crane NXT's dividend payout ratio is 29.75%.

About Crane NXT

Crane NXT, Co NYSE: CXT is a technology company that provides solutions for payment processing, currency authentication and brand protection. Its products are used to help businesses securely accept, validate and manage cash and electronic payments, while also protecting currency, products and other valuable assets from counterfeiting and fraud.

Through its Crane Payment Innovations business, the company develops payment and merchandising technologies for markets such as automated retail, gaming, transportation, financial services and other commercial applications.

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