Townsquare Capital LLC Increases Holdings in Crane NXT, Co. (NYSE:CXT)

Townsquare Capital LLC grew its position in shares of Crane NXT, Co. (NYSE:CXT) by 9.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 33,014 shares of the company’s stock after acquiring an additional 2,952 shares during the quarter. Townsquare Capital LLC’s holdings in Crane NXT were worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. LRI Investments LLC lifted its holdings in Crane NXT by 1,875.0% in the second quarter. LRI Investments LLC now owns 632 shares of the company’s stock valued at $39,000 after acquiring an additional 600 shares during the period. nVerses Capital LLC bought a new position in shares of Crane NXT in the 3rd quarter worth approximately $45,000. Hobbs Group Advisors LLC purchased a new position in shares of Crane NXT in the second quarter worth approximately $52,000. Blue Trust Inc. grew its position in Crane NXT by 27.8% during the second 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. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Crane NXT by 16.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock valued at $116,000 after buying an additional 265 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Trading Down 0.1 %

Shares of CXT stock opened at $62.68 on Monday. The stock has a fifty day simple moving average of $56.55 and a two-hundred day simple moving average of $58.40. Crane NXT, Co. has a 52-week low of $50.31 and a 52-week high of $64.80. The firm has a market capitalization of $3.58 billion, a PE ratio of 20.55 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The company had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $392.44 million. During the same period in the previous year, the firm earned $1.09 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. On average, analysts predict that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, November 29th. Crane NXT’s dividend payout ratio (DPR) is presently 20.98%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Baird R W raised shares of Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th. Northland Securities reduced their price target on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Robert W. Baird raised their price objective on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, DA Davidson reiterated a “buy” rating and set a $100.00 price objective on shares of Crane NXT in a research note on Monday, September 30th.

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.