10 Best 3D Printing Stocks To Buy Right Now

3. Carpenter Technology Corporation (NYSE:CRS)

Number of Hedge Fund Holders: 50

Carpenter Technology Corporation (NYSE:CRS) is a special materials company that ranks third on our list of the best 3D printing stocks to buy right now. The company provides steel products in several industries including defense, medical, energy, industrial, transportation, and aerospace. The company also specializes in the provision of 3D printing and additive manufacturing services.

The company owns a range of additive manufacturing solutions namely BioDur 108 and Ti64 Grade 23+. Its additive segment provides 360-degree coverage to its customers, providing coverage for the entire process from start to finish. Carpenter Technology Corporation (NYSE:CRS) is also a pioneer in custom powders, material handling, and consultative development services.

During the fiscal fourth quarter of 2024, Carpenter Technology Corporation (NYSE:CRS) increased net sales by 15% sequentially, driven by the growing demand from defense, aerospace, and medical end-use markets. Carpenter Technology Corporation (NYSE:CRS) believes its broad portfolio and productivity gains will bring strong financial results in fiscal year 2025.

Carpenter Technology Corporation (NYSE:CRS) is a buy and we say that because of its presence in high-growth markets such as aerospace. These markets have strong fundamentals and have a growing demand environment. Overall, 50 hedge funds were bullish on the stock at the close of Q2 2024.

Invesco Discovery Fund stated the following regarding Carpenter Technology Corporation (NYSE:CRS) in its Q2 2024 investor letter:

“Carpenter Technology Corporation (NYSE:CRS) manufactures, fabricates and distributes stainless steels, titanium and specialty metal alloys. Management accelerated its guidance for long-term fiscal 2027 EPS (earnings per share) by a full year. Management also reported quarterly earnings that beat analysts’ expectations and raised guidance for fiscal year 2024.”