Carpenter Technology Stock More Than Doubled in a Year

Based in Philadelphia, CRS produces and distributes specialty alloys, including titanium, powder metals, stainless steels, alloy steels, tool steels, and drilling tools. The company’s business segments include aerospace and defense, energy, transportation, medical, industrial and consumer, and distribution.

The company’s earnings estimates expectations from analysts have continually risen, and it’s largely been warranted. The consensus estimate is per-share earnings of $6.06 for CRS. Healthy sales increases have sparked jumps in earnings, which of course have Big Money interested too.

It’s no wonder CRS shares are up 120% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Loving Carpenter Technology Shares

Institutional volumes reveal plenty. Recently, CRS has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in CRS shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of materials names are under accumulation right now. But there’s a powerful fundamental story happening with Carpenter Technology.

Carpenter Technology Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, CRS has had strong sales and earnings growth:

• 3-year sales growth rate (+23.8%)
• 3-year earnings growth rate (+152.6%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +20.2%.

Now it makes sense why the stock has been powering to new heights. CRS has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Carpenter Technology has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report three times in the last year. The blue bars below show when CRS was a top pick…sending shares upwards:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Carpenter Technology Price Prediction

The CRS rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in CRS at the time of publication.

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