Carpenter Technology
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 Q3 regulatory filings by fund managers ($100M+ AUM)
115% more call options, than puts
Call options by funds: $203M | Put options by funds: $94.5M
98% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 45
54% more funds holding in top 10
Funds holding in top 10: 13 [Q2] → 20 (+7) [Q3]
43% more capital invested
Capital invested by funds: $5.18B [Q2] → $7.43B (+$2.25B) [Q3]
12% more funds holding
Funds holding: 360 [Q2] → 404 (+44) [Q3]
2.1% less ownership
Funds ownership: 95.54% [Q2] → 93.44% (-2.1%) [Q3]
16% less repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 149
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
JP Morgan Bennett Moore 0% 1-year accuracy 0 / 1 met price target | 29%upside $220 | Overweight Initiated | 22 Nov 2024 |
Benchmark Josh Sullivan 75% 1-year accuracy 42 / 56 met price target | 3%upside $175 | Buy Reiterated | 25 Oct 2024 |
Financial journalist opinion
Based on 13 articles about CRS published over the past 30 days
