Best Prefered Companies To Watch In Right Now

Best Prefered Companies To Watch In Right Now: Carpenter Technology Corp (CRS)

Carpenter Technology Corporation (Carpenter), incorporated in 1904, is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company has three reportable segments: Advanced Metals Operations, Premium Alloys Operations, and Emerging Ventures., The Company develops, manufactures and distributes cast/wrought and powder metal stainless steels and special alloys, including high-temperature alloys, controlled expansion alloys, ultra high-strength alloys, implantable alloys, tool and die steels and other specialty metals, as well as cast/wrought titanium alloys. Carpenter provides material solutions to the aerospace, industrial, energy, medical, consumer products and automotive industries. In June 2011, Carpenter acquired Oilfield Alloys Pte. Ltd. In February 2012, the Company acquired Latrobe Specialty Metals, Inc.

Carpenters Advanced Metals Operations (AMO) segment includes the manufacturing and distribution of high-temperature and high-strength metal alloys, stainless steels, and titanium in the form of small bars and rods, wire, narrow strip and powder. Products in this segment go through more finishing operations, such as rolling, turning, grinding, drawing, and atomization, than products in its PAO segment. Also, sales in the AMO segment are spread across many end-use markets, including the aerospace, industrial, consumer, automotive, and medical industries. AMO products are sold under the Carpenter, Dynamet, Talley, Carpenter Powder Products and Aceros Fortuna brand names.

Its Premium Alloys Operations (PAO) segment includes the manufacturing and distribution of high temperature and high strength metal alloys and stainless steels in the form of ingots, billets, large bars and hollows. Also, the PAO segment includes conversion processing of metal for other specialty metals companies. A significant portion of PAO sales are to customers in the aerospace and e! nergy industries. The Emergi ng Ventures segment includes the operations of the recently ! completed acquisitions of Amega West and Oilfield Alloys. The sales of Amega West are to customers in the energy end use market.

The Company s major classes of products include special alloys, stainless steels and titanium products. special alloys are used in critical components such as rings, discs and fasteners and include heat resistant alloys that range from slight modifications of stainless steels to complex nickel and cobalt base alloys as well as alloys for electronic, magnetic and electrical applications with controlled thermal expansion characteristics, or high electrical resistivity or special magnetic characteristics. Its stainless products include a range of corrositon resistant alloys including conventional stainless steels and many proprietary grades for special applications. Titanium products include corrosion resistant, specialized metal with a combination of high strength and low density.

Advisors' Opinion:

• [By Lee Jackson]

  Industrials: Carpenter Technology Corp. (NYSE: CRS) manufactures, fabricatesand distributes specialty metals worldwide. It operates in three segments: Specialty Alloys Operations, Latrobe and Performance Engineered Products. Credit Suisse expects earnings per share growth to average 32% in fiscal years 2014 to 2016. This should be driven by double-digit growth in commercial aerospace and energy, coupled with higher incremental margins as a result of improving mix, asset utilizationand Latrobe synergies. The price target for the stock is $72, though the consensus target is lower at $65. Investors are paid a 1.2% dividend. A move to the target price would represent a gain of 20%

• [By Jon C. Ogg]

  Carpenter Technology Corp. (NYSE: CRS) is one that remains well positioned within Aerospace materials sector, despite industry inventory adjustments still lingering. The firm believes that the value of the Athens facil! ity is un! derappreciated and is likely to open sooner than the official April date. Sterne Agee also believes that 2014 will be the beginning of a multi-year growth cycle with a significant opportunity to improve cash generation. It even sees 20%+ upside to current levels as 2014 will be a transformational year.

• [By Jake L'Ecuyer]

  Carpenter Technology (NYSE: CRS) was down, falling 2.71 percent to $64.64 after the company reported preliminary Q3 GAAP earnings of $0.54 to $0.58 per share, versus analysts' estimates of $0.72 per share.

source from Top Penny Stocks For 2015:http://www.topstocksforum.com/best-prefered-companies-to-watch-in-right-now.html