Crane NXT (NYSE:CXT) Reaches New 12-Month High - Should You Buy?

Key Points

• Crane NXT's stock price reached a new 52-week high of $67.12, with market cap at $3.85 billion and a P/E ratio of 25.58.
• Analysts maintain a predominantly positive outlook, with a consensus rating of "Moderate Buy" and a price target averaging $73.75.
• The company recently paid a quarterly dividend of $0.17 per share, resulting in an annualized yield of 1.0% and a payout ratio of 25.95%.

Crane NXT, Co. (NYSE:CXT - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $67.12 and last traded at $67.03, with a volume of 494078 shares. The stock had previously closed at $64.93.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a "buy" rating and set a $85.00 price target on shares of Crane NXT in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $73.75.

Crane NXT Stock Up 3.2%

The firm's 50 day moving average is $60.13 and its two-hundred day moving average is $54.88. The firm has a market cap of $3.85 billion, a P/E ratio of 25.58 and a beta of 1.37. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. Crane NXT had a net margin of 9.84% and a return on equity of 20.22%. The business had revenue of $404.40 million for the quarter, compared to analyst estimates of $382.79 million. As a group, research analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 29th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 1.0%. Crane NXT's dividend payout ratio (DPR) is presently 25.95%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. AlphaQuest LLC bought a new position in Crane NXT in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its stake in Crane NXT by 4,080.0% in the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company's stock valued at $34,000 after buying an additional 612 shares in the last quarter. UMB Bank n.a. lifted its stake in Crane NXT by 87.2% in the first quarter. UMB Bank n.a. now owns 702 shares of the company's stock valued at $36,000 after buying an additional 327 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Crane NXT by 120.3% in the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $37,000 after buying an additional 391 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Crane NXT by 9,087.5% in the second quarter. Hantz Financial Services Inc. now owns 735 shares of the company's stock valued at $40,000 after buying an additional 727 shares in the last quarter. Institutional investors 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.

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