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Crane Co T.CR


Primary Symbol: CR Alternate Symbol(s):  CXT

Crane Company is a manufacturer of engineered components for mission-critical applications focused on the aerospace, defense, space and process flow industry end markets. Its segments include Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment is a provider of engineered fluid handling equipment for critical applications. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies and trailers (Transportation). It also designs and manufacturers multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications.


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Post by barneyj44on Feb 02, 2021 12:10am
172 Views
Post# 32444323

From Stockwatch Part 2

From Stockwatch Part 2
One analyst, Scotia Capital's Jason Bean, said in December that the guidance was "surprising given the volatile economic environment." (A different Montney gas producer, Birchcliff Energy Ltd. (BIR: $2.32), had found itself deeply unpopular with investors this time last year, when it said it would spend beyond its means in 2020 in order to achieve higher production. It later reduced the 2020 guidance -- COVID-19 got the blame, of course -- and the 2021 guidance it released a couple of weeks ago was markedly more conservative.) Interestingly, Crew's investors found the guidance pleasantly surprising. Including the gain from today's update, the stock has risen to 77 cents from 46 cents in the last two months. Insiders have been enjoying the rise. Since September, five directors and officers have spent a total of $356,095 buying 796,500 shares, including 194,500 shares bought in the last three weeks.
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