Crane NXT (NYSE:CXT) Hits New 52-Week Low – What’s Next?

Crane NXT, Co. (NYSE:CXT)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $38.75 and last traded at $38.60, with a volume of 241877 shares changing hands. The stock had previously closed at $39.79.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CXT. Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research report on Friday. Robert W. Baird set a $67.00 price target on shares of Crane NXT in a research note on Friday, May 8th. Oppenheimer lowered their price target on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, April 15th. Weiss Ratings cut shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.40.

Crane NXT Stock Down 3.2%

The firm’s 50-day simple moving average is $43.51 and its 200 day simple moving average is $50.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. The company has a market cap of $2.22 billion, a P/E ratio of 17.20 and a beta of 1.21.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. During the same period last year, the company earned $0.54 EPS. The firm’s revenue was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, research analysts forecast that Crane NXT, Co. will post 4.27 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Sunday, May 31st will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.9%. Crane NXT’s payout ratio is currently 32.14%.

Institutional Investors Weigh In On Crane NXT

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Crane NXT by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,005,746 shares of the company’s stock worth $402,805,000 after buying an additional 64,523 shares during the period. Dimensional Fund Advisors LP grew its stake in Crane NXT by 12.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,930,800 shares of the company’s stock valued at $78,366,000 after acquiring an additional 214,857 shares during the period. Alliancebernstein L.P. increased its holdings 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 worth $95,446,000 after acquiring an additional 1,701,361 shares in the last quarter. Capital International Investors raised its position in shares of Crane NXT by 0.3% during the third quarter. Capital International Investors now owns 1,722,708 shares of the company’s stock worth $115,542,000 after purchasing an additional 5,984 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Crane NXT by 1.6% during the 4th 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 in the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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.