Crane NXT’s (CXT) “Buy” Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Crane NXT (NYSE:CXT) in a report issued on Friday morning,Benzinga reports. The firm currently has a $85.00 target price on the stock.

A number of other equities analysts also recently issued reports on CXT. Weiss Ratings upgraded Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Northland Securities set a $65.00 target price on Crane NXT in a report on Monday, August 10th. Finally, Robert W. Baird set a $68.00 target price on shares of Crane NXT in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Crane NXT currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.20.

Crane NXT Price Performance

CXT stock opened at $45.66 on Friday. The company has a market capitalization of $2.63 billion, a P/E ratio of 18.87 and a beta of 1.08. The company has a fifty day moving average price of $50.79 and a 200-day moving average price of $46.09. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.42. Crane NXT has a 52-week low of $35.71 and a 52-week high of $69.00.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.06. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The company had revenue of $493.20 million for the quarter, compared to analysts’ expectations of $475.62 million. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Crane NXT’s revenue for the quarter was up 22.1% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, equities analysts expect that Crane NXT will post 4.27 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 31st were given a dividend of $0.18 per share. The ex-dividend date was Monday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. Crane NXT’s dividend payout ratio is presently 29.75%.

Institutional Investors Weigh In On Crane NXT

Several large investors have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC purchased a new position in shares of Crane NXT in the 2nd quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Crane NXT by 4,458.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock valued at $26,000 after buying an additional 535 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Crane NXT by 47.9% during the 4th quarter. Hantz Financial Services Inc. now owns 2,162 shares of the company’s stock valued at $102,000 after buying an additional 700 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Crane NXT in the 2nd quarter worth approximately $37,000. Finally, State of Wyoming lifted its position in Crane NXT by 21.4% in the 1st quarter. State of Wyoming now owns 4,477 shares of the company’s stock worth $182,000 after buying an additional 790 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Company Profile

Crane NXT, Inc is a technology company that develops solutions for payment acceptance, cash management and brand protection. Its products are used by businesses and governments to authenticate currency, process transactions and protect products and documents from counterfeiting.

Through its Crane Payment Innovations business, the company provides banknote and coin validators, cashless payment systems, transaction-processing technology, telemetry and related software. These solutions serve industries such as vending, gaming, retail, transportation and other unattended-payment markets.

Crane NXT also operates Crane Currency, which supplies banknotes, security features and authentication technologies for central banks, commercial institutions and other organizations.