Victory Capital Management Inc. Trims Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Victory Capital Management Inc. decreased its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,185,097 shares of the company's stock after selling 25,798 shares during the quarter. Victory Capital Management Inc. owned approximately 2.07% of Crane NXT worth $72,789,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in Crane NXT during the first quarter worth approximately $38,000. Hobbs Group Advisors LLC acquired a new position in Crane NXT during the second quarter worth approximately $52,000. Assetmark Inc. increased its position in Crane NXT by 9,630.0% during the fourth quarter. Assetmark Inc. now owns 973 shares of the company's stock worth $55,000 after buying an additional 963 shares during the period. Blue Trust Inc. increased its position in Crane NXT by 27.8% during the second quarter. Blue Trust Inc. now owns 942 shares of the company's stock worth $58,000 after buying an additional 205 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in Crane NXT by 154.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,622 shares of the company's stock worth $100,000 after buying an additional 984 shares during the period. Hedge funds and other institutional investors own 77.49% of the company's stock.

Crane NXT Stock Performance

Shares of NYSE:CXT traded down $1.15 during trading on Friday, reaching $55.68. The company had a trading volume of 425,726 shares, compared to its average volume of 329,348. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 17.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 0.87. The stock's fifty day moving average price is $58.36 and its 200 day moving average price is $60.05. Crane NXT, Co. has a fifty-two week low of $48.42 and a fifty-two week high of $64.80.

Crane NXT (NYSE:CXT - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.02. Crane NXT had a return on equity of 24.25% and a net margin of 12.97%. The business had revenue of $370.60 million for the quarter, compared to analyst estimates of $367.08 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts predict that Crane NXT, Co. will post 4.28 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be paid a $0.16 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.15%. Crane NXT's dividend payout ratio (DPR) is presently 20.19%.

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.