Carpenter Technology

CRS

Market cap $24.5B

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Here is how Carpenter Technology (CRS) and Lithium Americas Corp. (LAC) have performed compared to their sector so far this year.

Earnings momentum, pricing power, and barriers to entry can help the alloy manufacturer's stock advance 42% from here.

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The Allspring SMID Cap Growth Fund underperformed the Russell 2500 Growth Index benchmark during the first quarter that ended March 31, 2026. Carpenter Technology is benefiting from increased production rates at Boeing and recent regulatory approvals that are driving demand for mission-critical materials and components. As one of only a few contractors capable of building large-scale power plants, Argan benefits from pricing power and strong demand across both gas-fired and renewable projects tied to grid modernization.

The fund outperformed the Russell Midcap Growth Index during the first quarter that ended March 31, 2026. Vertiv Holdings Co. benefited from a sharp acceleration of growth in its order book and continued ability to win market share from legacy players in the cooling space. Curtiss-Wright Corp. reported a strong quarter with solid results and steady backlog growth, and we maintained our position as we view the company as a durable compounder.

Carpenter Technology has delivered exceptional YTD and multi-year returns, driven by strong margin expansion and aerospace & defense demand. CRS guides for FY2024 operating income of $700–$705 million (+33% y/y) and $350 million in adjusted FCF, with continued growth expected into 2027. Despite robust fundamentals and margin gains, CRS trades at a low FCF yield (~1.6%), making shares unattractive for new entrants at current valuations.

3D Printing is reshaping industries with faster production and lower costs, drawing investor interest. Stocks like NVDA, AME, CRS and ATI offer strong growth potential.

Does Carpenter Technology (CRS) have what it takes to be a top stock pick for momentum investors? Let's find out.