CR Stock Recent News

LEADING PROVIDER OF FIBERGLASS REINFORCED PLASTIC COMPOSITE PRODUCTS NEW YORK , Dec. 2, 2024 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire the Engineered Materials business ("Crane Composites" or the "Company") from Crane Company ("Crane", NYSE: CR), for an enterprise value of $227 million.  Completion of the transaction is expected in the first quarter of 2025 and is subject to customary closing conditions and approvals.

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, announced that it has entered into a definitive agreement to sell its Engineered Materials business to KPS Capital Partners, LP (“KPS”) for $227 million. Max Mitchell, Chairman of the Board, President and Chief Executive Officer of Crane Company said, “This divestiture reflects yet another important step forward following the numerous actions we have t.

BRIDGEVIEW, Ill.--(BUSINESS WIRE)--Manitex International, Inc. (NASDAQ: MNTX) ("Manitex" or the "Company"), a leading international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, today announced a dealership agreement with First Fleet Truck Sales (“First Fleet”). As one of the largest truck crane upfitters in Florida, First Fleet's team will be certified to sell and support PM Group knuckle boom.

Crane NXT is a fascinating company in the payments industry, with a long history and a great growth plan for the future. Recent financial performance has been disappointing, but management expects this picture to change moving forward. While shares aren't the cheapest, they are attractively priced when thinking about the future.

Crane (CR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Crane has undergone significant changes, splitting up the business, as shares have been on a tear. The company reported solid financial results for the standalone business, with revenues and adjusted earnings exceeding expectations. Crane has made acquisitions to fuel growth, but the current valuation of the company is considered too demanding.

Crane Co. CR, -1.70% shares rose more than 5% in the extended session Monday after the industrials company reported third-quarter earnings that beat Wall Street expectations and said it was on the prowl for more acquisitions. Crane swung to a profit of $55 million, or 85 cents a share, in the quarter, contrasting with a loss of $59 million, or $1.06 a share, in the year-ago quarter.

Investors interested in stocks from the Manufacturing - General Industrial sector have probably already heard of Crane (CR) and Atlas Copco AB (ATLKY). But which of these two stocks is more attractive to value investors?

Crane (CR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Crane's third quarter results were mixed, with weaker-than-peer organic revenue growth but better-than-expected margins and strong orders. Process Flow and Aerospace & Electronics should be somewhat countercyclical in 2023 as shorter-cycle demand slows but these longer-cycle businesses deliver on backlogs.