Short Interest in Crane NXT, Co. (NYSE:CXT) Increases By 22.5%

Crane NXT, Co. (NYSE:CXT) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,850,000 shares, a growth of 22.5% from the August 15th total of 1,510,000 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average trading volume of 342,200 shares, the days-to-cover ratio is presently 5.4 days.

Wall Street Analyst Weigh In

CXT has been the subject of a number of research reports. UBS Group initiated coverage on shares of Crane NXT in a report on Tuesday, August 29th. They issued a “neutral” rating and a $65.00 price objective for the company. Oppenheimer assumed coverage on shares of Crane NXT in a report on Monday, June 12th. They set an “outperform” rating and a $70.00 price target for the company.

Crane NXT Stock Up 1.2 %

Crane NXT stock traded up $0.67 during mid-day trading on Monday, hitting $57.88. 185,941 shares of the stock were exchanged, compared to its average volume of 710,439. The company has a quick ratio of 1.66, a current ratio of 2.21 and a debt-to-equity ratio of 0.97. Crane NXT has a 12 month low of $29.62 and a 12 month high of $63.36. The firm’s fifty day moving average price is $58.52. The firm has a market capitalization of $3.29 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.87 and a beta of 1.47.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.92 by $0.20. The company had revenue of $352.40 million during the quarter, compared to the consensus estimate of $337.80 million. Crane NXT had a net margin of 5.79% and a return on equity of 21.39%. As a group, analysts forecast that Crane NXT will post 4.14 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Thursday, August 31st were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Wednesday, August 30th. Crane NXT’s dividend payout ratio (DPR) is 24.14%.

Insider Transactions at Crane NXT

In other Crane NXT news, Director Cristen L. Kogl acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $59.62 per share, for a total transaction of $59,620.00. Following the acquisition, the director now directly owns 1,000 shares in the company, valued at $59,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Crane NXT Company Profile

Crane NXT, Co focuses on payment and merchandising technologies. It indents to offer electronic equipment and associated software leveraging extensive, and proprietary core capabilities, including payment verification and authentication, as well as automation solutions, field service solutions, remote diagnostics, and productivity enhancing software solutions.