Voloridge Investment Management LLC lifted its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 76.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,078 shares of the company's stock after acquiring an additional 54,770 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.22% of Crane NXT worth $7,340,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of CXT. Barclays PLC boosted its holdings in Crane NXT by 45.3% in the third quarter. Barclays PLC now owns 37,663 shares of the company's stock worth $2,113,000 after purchasing an additional 11,734 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Crane NXT by 110.6% during the fourth quarter. SG Americas Securities LLC now owns 8,195 shares of the company's stock valued at $477,000 after acquiring an additional 4,304 shares during the period. Fifth Third Bancorp boosted its holdings in Crane NXT by 98.6% during the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company's stock valued at $32,000 after acquiring an additional 276 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in Crane NXT by 2.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 20,623 shares of the company's stock valued at $1,201,000 after acquiring an additional 489 shares during the period. Finally, Register Financial Advisors LLC boosted its holdings in Crane NXT by 25.9% during the fourth quarter. Register Financial Advisors LLC now owns 7,311 shares of the company's stock valued at $426,000 after acquiring an additional 1,505 shares during the period. 77.49% of the stock is currently owned by institutional investors.
Crane NXT Trading Down 1.4%
Shares of CXT stock traded down $0.77 on Friday, reaching $53.21. The company had a trading volume of 54,545 shares, compared to its average volume of 392,254. The stock has a market cap of $3.05 billion, a PE ratio of 16.71 and a beta of 1.27. The company has a 50-day moving average of $49.17 and a 200-day moving average of $55.81. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01.
Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The business had revenue of $330.30 million for the quarter, compared to analysts' expectations of $318.46 million. During the same period in the previous year, the firm posted $0.85 EPS. The firm's revenue was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current year.
Crane NXT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be given a $0.17 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. Crane NXT's payout ratio is presently 23.37%.
Analyst Ratings Changes
A number of research firms have issued reports on CXT. Northland Capmk cut shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. DA Davidson decreased their target price on Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. UBS Group decreased their target price on Crane NXT from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Northland Securities downgraded Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price on the stock. in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Crane NXT currently has an average rating of "Moderate Buy" and an average price target of $73.75.
Check Out Our Latest Stock Report on CXT
Crane NXT Profile
(
Free Report)
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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