Crane is benefiting from strong growth in the aerospace and defense sectors and its forward position in the aerospace/defense market. It's reported double-digit quarterly earnings growth for at least the last two years. And its stock has soared since its IPO in March 2023.
Among its other ratings Crane boasts a 90 Earnings Per Share Rating out of a best-possible 99, making it a stock to watch. It holds an 85 Composite Rating and a top-notch A SMR Rating (sales + profit margins + return on equity).
Crane Rising Strength Rising Vs. Other Stocks
On Wednesday, Crane stock got a Relative Strength (RS) Rating to 72, up from 69 the day before. It's a welcome upgrade. Over 100 years of market history shows that the best stocks tend to have an 80 or better RS Rating as they begin their largest climbs. See if Crane continues to show rising price strength and clears that threshold.
One weak rating is its D- Accumulation/Distribution Rating, showing that institutional investors such as ETFs and insurance company funds are selling more shares than buying. However, the number of funds holding shares in Crane rose from 605 in December to 620 in June, showing rising interest in the stock.
Can You Really Time The Stock Market?
Crane operates through two business segments: Aerospace & Electronics and Process Flow Technologies. The Process Flow group provides highly engineered products and systems, including valves, pumps, instrumentation and controls, serving a variety of industries.
Stamford, Conn.-based Crane was founded in 1855 by R.T. Crane as a bathroom fixtures maker. It has evolved into a technology and manufacturing company. At the end of March 2023 it launched an IPO and closed at 74.60 shortly after its debut. CR stock traded around 181 Wednesday afternoon, up more than 100% in 2-1/2 years.
Among Top 5 In its Industry
Crane reported 24% EPS growth last quarter to $1.49 per share , while sales grew 9% to $577.2 million. The prior three stanzas its EPS grew 30%, 58% and 24% while sales advanced 19%, 12% and 9%.
Crane holds the No. 4 rank among its peers in the 19-stock Diversified Operations industry group. TriMas is the No. 1-ranked stock in the group.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matched up against all other stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
Please follow James DeTar on Twitter @JimDeTar
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