Here's Why Carpenter Technology Soared Again This Week

Shares in specialty alloy materials and process solutions company Carpenter Technology (NYSE: CRS) rose by 10.4% in the week to Friday morning. The move represents another leg up for a stock up 222% over the last year and 446% over the last three years. The catalyst for this week's move was its positive investor update on Tuesday.As I've previously discussed, Carpenter is a company with heavy exposure to aerospace and defense (59% of sales in 2024) and the case for buying the stock rests on the aerospace recovery. Carpenter is a company with particularly good upside exposure because it has relatively high fixed costs, so revenue increases tend to drop down into significant margin expansion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool