#3 - Carpenter Technology (NYSE:CRS)
Another way to think about stocks that would benefit from Trump tariffs is to look at industries which are shortening supply chains. One of these is 3D printing, which is why it’s worth checking out Carpenter Technology Corp. (NYSE: CRS).
Carpenter is a specialty materials company that supplies steel products and offers 3D printing and additive manufacturing services. It serves various industries, including the defense and aerospace sectors, which are experiencing significant growth.
CRT stock is up more than 160% in 2024, but analysts are cooling on the stock after the company missed on the top line in its October 2024 earnings report. However, the number was higher year-over-year, which now makes it eight quarters that the company has accomplished that feat.
And the report, which was for the first quarter of the company’s 2025 fiscal year, showed that Carpenter had recorded the most profitable first quarter in the company’s history.
About Carpenter Technology
Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts.
Read More - Current Price
- $180.54
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $139.60 (22.7% Downside)
