Crane NXT, Co. (NYSE:CXT - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $65.14 and last traded at $65.14, with a volume of 8577 shares traded. The stock had previously closed at $63.57.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CXT. Robert W. Baird increased their price target on shares of Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Baird R W upgraded shares of Crane NXT to a "strong-buy" rating in a research report on Thursday, October 17th. Northland Securities decreased their price target on Crane NXT from $96.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, October 7th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Crane NXT in a research note on Monday, September 30th.
Check Out Our Latest Research Report on Crane NXT
Crane NXT Trading Up 1.2 %
The business's 50-day simple moving average is $59.36 and its 200-day simple moving average is $58.02. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 21.09 and a beta of 1.34. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01.
Crane NXT (NYSE:CXT - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. The firm had revenue of $403.50 million for the quarter, compared to analyst estimates of $392.44 million. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. Crane NXT's revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Research analysts predict that Crane NXT, Co. will post 4.26 earnings per share for the current fiscal year.
Crane NXT Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, November 29th. Crane NXT's payout ratio is 20.98%.
Institutional Investors Weigh In On Crane NXT
Several hedge funds have recently modified their holdings of CXT. Atria Investments Inc lifted its stake in shares of Crane NXT by 6.0% during the third quarter. Atria Investments Inc now owns 3,700 shares of the company's stock valued at $208,000 after buying an additional 208 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Crane NXT by 1.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company's stock worth $725,000 after purchasing an additional 245 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Crane NXT by 16.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company's stock worth $116,000 after purchasing an additional 265 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Crane NXT by 5.8% in the third quarter. Ritholtz Wealth Management now owns 6,667 shares of the company's stock valued at $374,000 after purchasing an additional 364 shares during the period. Finally, GAMMA Investing LLC increased its stake in Crane NXT by 17.4% in the third quarter. GAMMA Investing LLC now owns 2,567 shares of the company's stock valued at $144,000 after purchasing an additional 380 shares during the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.
About Crane NXT
(
Get 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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