Crane NXT (NYSE:CXT) Hits New 52-Week Low - Should You Sell?

Key Points

• Shares hit a new 52-week low: CXT traded as low as $41.54 and was last at $42.02, trading below its 50-day ($50.03) and 200-day ($55.81) moving averages.
• Analysts remain cautiously bullish: the consensus rating is a "Moderate Buy" with an average price target of $71.60 (individual targets range from $58 to $85), suggesting significant implied upside despite the recent decline.
• Fundamentals show resilience: the company beat Q4 EPS and revenue estimates with 19.5% revenue growth, raised its quarterly dividend to $0.18 (1.7% yield), and reports a 19.8% ROE and a P/E of 16.8.

Shares of Crane NXT, Co. (NYSE:CXT - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $41.54 and last traded at $42.02, with a volume of 96843 shares. The stock had previously closed at $42.21.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CXT shares. Robert W. Baird set a $73.00 price target on shares of Crane NXT in a report on Friday, February 13th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Crane NXT in a research report on Wednesday, January 21st. Northland Securities set a $62.00 target price on Crane NXT in a research note on Wednesday, February 18th. UBS Group set a $58.00 target price on Crane NXT in a research report on Friday, February 13th. Finally, DA Davidson reiterated a "buy" rating and issued a $85.00 price target on shares of Crane NXT in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $71.60.

Crane NXT Stock Down 0.3%

The firm's 50-day simple moving average is $50.03 and its 200 day simple moving average is $55.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 1.50. The company has a market cap of $2.42 billion, a P/E ratio of 16.76 and a beta of 1.18.

Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.02. Crane NXT had a return on equity of 19.84% and a net margin of 8.76%.The business had revenue of $476.90 million during the quarter, compared to analysts' expectations of $450.53 million. During the same period in the previous year, the firm earned $1.20 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. On average, research analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Saturday, February 28th were given a $0.18 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from Crane NXT's previous quarterly dividend of $0.17. Crane NXT's dividend payout ratio is 28.69%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CXT. Rockefeller Capital Management L.P. raised its holdings in Crane NXT by 5.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 28,273 shares of the company's stock worth $1,331,000 after purchasing an additional 1,533 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Crane NXT by 102.3% in the 4th quarter. Corient Private Wealth LLC now owns 20,632 shares of the company's stock valued at $971,000 after buying an additional 10,435 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Crane NXT by 4,458.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company's stock valued at $26,000 after buying an additional 535 shares during the period. MidFirst Bank bought a new stake in shares of Crane NXT in the 4th quarter valued at $169,000. Finally, Invesco Ltd. raised its stake in Crane NXT by 1.1% during the 4th quarter. Invesco Ltd. now owns 1,381,816 shares of the company's stock worth $65,042,000 after buying an additional 15,516 shares during the period. Institutional investors and hedge funds own 77.49% of the company's stock.

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.

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