Townsquare Capital LLC Buys 4,183 Shares of Crane NXT, Co. (NYSE:CXT)

Key Points

• Townsquare Capital LLC increased its investment in Crane NXT, Co. by 11.1%, adding 4,183 shares, bringing its total ownership to 41,906 shares valued at approximately $2.15 million.
• Shares of Crane NXT recently opened at $60.18, with a market cap of $3.46 billion and a twelve month trading range between $41.54 and $67.00.
• Crane NXT declared a quarterly dividend of $0.17 per share, set to be paid on September 10th, with a current dividend yield of 1.1%.

Townsquare Capital LLC grew its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 11.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,906 shares of the company's stock after purchasing an additional 4,183 shares during the period. Townsquare Capital LLC owned about 0.07% of Crane NXT worth $2,154,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CXT. Park Square Financial Group LLC acquired a new stake in shares of Crane NXT in the 4th quarter valued at $26,000. UMB Bank n.a. boosted its stake in shares of Crane NXT by 87.2% in the 1st quarter. UMB Bank n.a. now owns 702 shares of the company's stock valued at $36,000 after purchasing an additional 327 shares in the last quarter. Quarry LP acquired a new position in Crane NXT during the 4th quarter worth about $42,000. Fifth Third Bancorp lifted its position in Crane NXT by 46.0% during the 1st quarter. Fifth Third Bancorp now owns 812 shares of the company's stock worth $42,000 after buying an additional 256 shares in the last quarter. Finally, Covestor Ltd lifted its position in Crane NXT by 38.6% during the 4th quarter. Covestor Ltd now owns 739 shares of the company's stock worth $43,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

Crane NXT Trading Down 1.5%

NYSE:CXT traded down $0.91 on Friday, hitting $59.46. 450,209 shares of the stock were exchanged, compared to its average volume of 395,875. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 22.69 and a beta of 1.33. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $67.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.20. The company's 50-day moving average price is $57.14 and its 200 day moving average price is $54.39.

Crane NXT (NYSE:CXT - Get Free Report) last announced 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. The firm had revenue of $404.40 million during the quarter, compared to analysts' expectations of $382.79 million. Crane NXT had a return on equity of 20.22% and a net margin of 9.84%. On average, equities research analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Crane NXT's dividend payout ratio is 25.95%.

Analyst Upgrades and Downgrades

CXT has been the topic of several research reports. UBS Group reduced their price target on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. DA Davidson reduced their price target on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.75.

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.