American Century Companies Inc. Grows Position in Crane NXT, Co. (NYSE:CXT)

American Century Companies Inc. grew its stake in shares of Crane NXT, Co. (NYSE:CXT) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,402 shares of the company’s stock after buying an additional 1,499 shares during the period. American Century Companies Inc.’s holdings in Crane NXT were worth $1,376,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CXT. LRI Investments LLC purchased a new position in Crane NXT during the first quarter worth $38,000. Hobbs Group Advisors LLC purchased a new stake in shares of Crane NXT in the second quarter valued at $52,000. Blue Trust Inc. grew its position in shares of Crane NXT by 27.8% in the second quarter. Blue Trust Inc. now owns 942 shares of the company’s stock valued at $58,000 after purchasing an additional 205 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of Crane NXT by 154.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,622 shares of the company’s stock valued at $100,000 after purchasing an additional 984 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Crane NXT by 9.8% in the second quarter. GAMMA Investing LLC now owns 2,187 shares of the company’s stock valued at $134,000 after purchasing an additional 195 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

Shares of NYSE:CXT opened at $55.79 on Monday. The company has a market cap of $3.19 billion, a P/E ratio of 17.60 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 0.65. Crane NXT, Co. has a 52 week low of $48.42 and a 52 week high of $64.80. The business has a fifty day simple moving average of $58.12 and a 200-day simple moving average of $59.81.

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

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Friday, August 30th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, August 30th. Crane NXT’s payout ratio is currently 20.19%.

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.