Madison Asset Management LLC Buys New Position in Crane NXT, Co. $CXT

Key Points

• Madison Asset Management acquired 44,650 shares of Crane NXT, valued at approximately $2.28 million, while institutional investors collectively own 77.49% of the company.
• Crane NXT exceeded quarterly expectations, reporting adjusted EPS of $1.10 versus the $1.04 consensus and revenue of $493.2 million, up 22.1% year over year. The company guided to fiscal 2026 EPS of $4.22–$4.42.
• The stock was trading at $49.33, while analysts maintained a “Moderate Buy” consensus with an average price target of $68.20. Crane NXT also declared a quarterly dividend of $0.18 per share, representing a 1.5% yield.

Madison Asset Management LLC purchased a new position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 44,650 shares of the company's stock, valued at approximately $2,284,000. Madison Asset Management LLC owned approximately 0.08% of Crane NXT as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Crane NXT in the second quarter valued at approximately $329,797,000. Dimensional Fund Advisors LP lifted its position in shares of Crane NXT by 12.5% during the first 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 in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Crane NXT by 2,449.9% in the second quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company's stock valued at $95,446,000 after purchasing an additional 1,701,361 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Crane NXT by 1.6% in the fourth 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 during the period. Finally, Channing Capital Management LLC grew its holdings in Crane NXT by 632.9% during the 4th quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company's stock valued at $73,983,000 after purchasing an additional 1,357,312 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.

Crane NXT Trading Up 1.6%

Shares of NYSE CXT opened at $49.33 on Friday. The stock's 50 day moving average price is $50.25 and its two-hundred day moving average price is $46.49. Crane NXT, Co. has a 52-week low of $35.71 and a 52-week high of $69.00. The stock has a market capitalization of $2.84 billion, a P/E ratio of 20.38 and a beta of 1.09. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00.

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

Crane NXT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.5%. Crane NXT's payout ratio is presently 29.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Northland Securities set a $65.00 price objective on shares of Crane NXT in a report on Monday, August 10th. Zacks Research upgraded Crane NXT from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Robert W. Baird set a $68.00 target price on Crane NXT in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Crane NXT from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.20.

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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