KLCM Advisors Inc. Purchases New Stake in Crane NXT, Co. $CXT

KLCM Advisors Inc. acquired a new position in shares of Crane NXT, Co. (NYSE:CXT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 267,910 shares of the company’s stock, valued at approximately $10,874,000.

A number of other large investors have also recently made changes to their positions in CXT. Camelot Portfolios LLC acquired a new position in shares of Crane NXT during the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its position in Crane NXT by 4,458.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock valued at $26,000 after acquiring an additional 535 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Crane NXT during the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its stake in 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 last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Crane NXT by 120.3% during the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after purchasing an additional 391 shares in the last quarter. 77.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CXT. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research report on Friday, May 15th. Oppenheimer lowered their price target 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. Finally, Robert W. Baird set a $67.00 price objective on Crane NXT in a research note on Friday, May 8th. One investment 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.40.

Crane NXT Stock Performance

NYSE:CXT traded up $0.83 during trading on Friday, reaching $50.78. The company’s stock had a trading volume of 541,981 shares, compared to its average volume of 1,259,633. Crane NXT, Co. has a 12 month low of $35.71 and a 12 month high of $69.00. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 22.67 and a beta of 1.10. The firm has a 50 day moving average of $43.48 and a 200-day moving average of $46.08. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $387.70 million for the quarter, compared to analysts’ expectations of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Research analysts expect that Crane NXT, Co. will post 4.22 EPS for the current fiscal year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.72 annualized dividend and a yield of 1.4%. Crane NXT’s payout ratio is currently 32.14%.

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.