Crane NXT (NYSE:CXT) Shares Gap Up – What’s Next?

Crane NXT, Co. (NYSE:CXT)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $45.77, but opened at $47.70. Crane NXT shares last traded at $48.7590, with a volume of 37,663 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group initiated coverage on Crane NXT in a report on Tuesday. They set a “buy” rating and a $60.00 price target for the company. DA Davidson reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Crane NXT in a research note on Friday. Robert W. Baird set a $68.00 price objective on Crane NXT in a research report on Friday, August 7th. Northland Securities set a $65.00 price objective on Crane NXT in a research note on Monday, August 10th. Finally, Weiss Ratings raised shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Crane NXT has an average rating of “Moderate Buy” and a consensus price target of $66.83.

Crane NXT Stock Performance

The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.42. The business’s fifty day simple moving average is $50.70 and its 200-day simple moving average is $46.07. The firm has a market capitalization of $2.79 billion, a PE ratio of 20.05 and a beta of 1.08.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, August 5th. The company reported $1.10 EPS 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 firm had revenue of $493.20 million for the quarter, compared to the consensus estimate of $475.62 million. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, equities research analysts expect that Crane NXT, Co. will post 4.27 EPS for the current year.

Crane NXT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, August 31st. Crane NXT’s payout ratio is currently 29.75%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CXT. BlackRock Inc. purchased a new position in shares of Crane NXT during the second quarter valued at about $329,797,000. Norges Bank purchased a new stake in shares of Crane NXT in the fourth quarter worth about $30,057,000. Bank of New York Mellon Corp purchased a new stake in shares of Crane NXT in the second quarter worth about $23,160,000. Bank of America Corp DE bought a new position in Crane NXT during the second quarter valued at approximately $20,900,000. Finally, Ancora Advisors LLC bought a new position in Crane NXT during the second quarter valued at approximately $20,102,000. Institutional investors 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.