CenterBook Partners LP Acquires New Shares in Crane NXT, Co. $CXT

CenterBook Partners LP acquired a new stake in shares of Crane NXT, Co. (NYSE:CXT) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 58,014 shares of the company’s stock, valued at approximately $2,731,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CXT. Smartleaf Asset Management LLC raised its stake in shares of Crane NXT by 141.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after purchasing an additional 228 shares during the period. Camelot Portfolios LLC bought a new stake in shares of Crane NXT during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Crane NXT during the 3rd quarter valued at $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Crane NXT during the 3rd quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Crane NXT by 4,080.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock valued at $34,000 after purchasing an additional 612 shares during the period. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Price Performance

Crane NXT stock opened at $36.70 on Tuesday. Crane NXT, Co. has a 52 week low of $35.71 and a 52 week high of $69.00. The business has a 50-day simple moving average of $41.78 and a 200 day simple moving average of $47.23. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 16.38 and a beta of 1.15.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, May 6th. The company reported $0.60 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 during the quarter, compared to analysts’ expectations of $378.63 million. During the same period in the previous year, the business earned $0.54 earnings per share. 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 4.22 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. Stockholders of record on Sunday, May 31st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, May 29th. Crane NXT’s dividend payout ratio is presently 32.14%.

Analysts Set New Price Targets

Several equities analysts recently commented on CXT shares. Oppenheimer reduced their target price on Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. UBS Group set a $58.00 target price on Crane NXT in a research report on Friday, February 13th. Weiss Ratings cut Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Robert W. Baird set a $67.00 target price on Crane NXT in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Crane NXT has a consensus rating of “Moderate Buy” and an average target price of $65.40.

Crane NXT 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.