Carpenter TechnologyCRS
Market Cap: $6.6B
About: Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's reportable segments include; Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's alloy and stainless steel manufacturing operations. This includes operations performed at mills predominantly in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama. Geographically, the company derives its maximum revenue from the United States and the rest from Europe, Asia Pacific, Mexico, Canada, and other regions.
Employees: 4,600
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
194% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 32
54% more capital invested
Capital invested by funds: $3.31B [Q1] → $5.11B (+$1.8B) [Q2]
44% more funds holding in top 10
Funds holding in top 10: 9 [Q1] → 13 (+4) [Q2]
21% more funds holding
Funds holding: 295 [Q1] → 357 (+62) [Q2]
0.07% more ownership
Funds ownership: 94.14% [Q1] → 94.21% (+0.07%) [Q2]
16% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 122
35% less call options, than puts
Call options by funds: $73M | Put options by funds: $112M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
BTIG Andre Madrid 62% 1-year accuracy 8 / 13 met price target | 25%upside $165 | Buy Maintained | 30 Jul 2024 |
Benchmark Josh Sullivan 76% 1-year accuracy 41 / 54 met price target | 32%upside $175 | Buy Maintained | 26 Jul 2024 |
Deutsche Bank Scott Deuschle 78% 1-year accuracy 25 / 32 met price target | 9%upside $144 | Buy Initiated | 25 Jun 2024 |
Northcoast Research Chris Olin 25% 1-year accuracy 1 / 4 met price target | 33%downside $89 | Sell Downgraded | 14 Jun 2024 |
TD Cowen Gautam Khanna 92% 1-year accuracy 11 / 12 met price target | 5%downside $125 | Buy Maintained | 10 Jun 2024 |
Financial journalist opinion
Based on 8 articles about CRS published over the past 30 days