BOS Asset Management LLC Grows Position in Crane NXT, Co. (NYSE:CXT)

BOS Asset Management LLC raised its position in Crane NXT, Co. (NYSE:CXT) by 35.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,498 shares of the company’s stock after purchasing an additional 3,801 shares during the quarter. BOS Asset Management LLC’s holdings in Crane NXT were worth $813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in shares of Crane NXT during the first quarter worth $38,000. Hobbs Group Advisors LLC bought a new stake in Crane NXT during the 2nd quarter valued at about $52,000. Blue Trust Inc. boosted its position in Crane NXT by 27.8% in the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock valued at $58,000 after buying an additional 205 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Crane NXT by 154.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,622 shares of the company’s stock worth $100,000 after acquiring an additional 984 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Crane NXT by 9.8% during the second quarter. GAMMA Investing LLC now owns 2,187 shares of the company’s stock worth $134,000 after acquiring an additional 195 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Trading Up 1.5 %

NYSE CXT opened at $55.60 on Thursday. Crane NXT, Co. has a one year low of $48.42 and a one year high of $64.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.20. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 17.54 and a beta of 1.32. The company’s 50-day simple moving average is $56.74 and its two-hundred day simple moving average is $59.29.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The firm had revenue of $370.60 million for the quarter, compared to the consensus estimate of $367.08 million. Crane NXT had a net margin of 12.97% and a return on equity of 24.25%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.12 earnings per share. Equities analysts forecast that Crane NXT, Co. will post 4.28 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, August 30th. Crane NXT’s payout ratio is 20.19%.

Analyst Ratings Changes

CXT has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating and issued a $100.00 price target on shares of Crane NXT in a report on Monday, September 30th. Northland Securities lowered their target price on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, October 7th.

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.