10 Best 3D Printing Stocks To Buy Right Now

4. Carpenter Technology Corporation (NYSE:CRS)

Number of Hedge Fund Holders: 55

Carpenter Technology Corporation (NYSE:CRS) develops, produces, and sells stainless steel and corrosion-resistant nickel, copper, and titanium alloys, as well as powered alloys for 3D additive printing in the aerospace, defense, and medical sectors.

Carpenter Technology (NYSE:CRS) posted strong financial results for the second quarter of FY2025, with a record operating income of $118.9 million, up 70% year on year. CRS also reported $1.66 profits per diluted share and $67.9 million in operational cash flow. Its Specialty Alloys Operations segment outperformed expectations with $135.6 million in operating income and an adjusted operating margin of 28.3%, up from 20% the previous year.

On January 21, TD Cowen analysts raised the price target on Carpenter Technology (NYSE:CRS) shares to $220 from $200, keeping a Buy rating on the company’s shares. The firm’s analysts emphasized the company’s strong execution and the breadth of its backlog, which provide it the flexibility to overcome any reduced demand from Boeing’s original equipment manufacturer (OE). The analysts stated that Carpenter Technology’s additional benefits from price and operational leverage are projected to result in higher EBIT increases compared to its rivals.