Invenomic Capital Management LP Acquires Shares of 154,301 Crane NXT, Co. $CXT

Invenomic Capital Management LP acquired a new stake in Crane NXT, Co. (NYSE:CXT) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 154,301 shares of the company’s stock, valued at approximately $7,263,000. Invenomic Capital Management LP owned 0.27% of Crane NXT as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Crane NXT by 141.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after buying an additional 228 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in Crane NXT in the 3rd quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd acquired a new position in Crane NXT in the 3rd quarter valued at approximately $33,000. Camelot Portfolios LLC acquired a new position in Crane NXT in the 4th quarter valued at approximately $25,000. Finally, Neo Ivy Capital Management acquired a new position in Crane NXT in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Performance

CXT stock opened at $45.50 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 20.31 and a beta of 1.15. Crane NXT, Co. has a 12 month low of $35.71 and a 12 month high of $69.00. The firm has a 50 day moving average of $41.90 and a two-hundred day moving average of $46.55.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $387.70 million during the quarter, compared to the consensus estimate of $378.63 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, equities analysts anticipate that Crane NXT, Co. will post 4.22 EPS for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 29th. Crane NXT’s payout ratio is currently 32.14%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Oppenheimer dropped their price objective on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a research note on Friday, May 15th. Robert W. Baird set a $67.00 target price on shares of Crane NXT in a research report on Friday, May 8th. Finally, Weiss Ratings downgraded shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Crane NXT presently has an average rating of “Moderate Buy” and a consensus price target of $65.40.

About Crane NXT

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.