Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company operates in two segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). The SAO segment comprises its premium alloy and stainless-steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania and surrounding areas, as well as South Carolina and Alabama. The PEP segment comprises its differentiated operations. This segment includes the Dynamet titanium business, the Carpenter Additive business and the Latrobe and Mexico distribution businesses. It provides specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial and consumer markets. The Company operates its own network of service and distribution centers, located in the United States, Canada, Mexico, Europe and Asia.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 2.88B.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 10.72%.
Overvalued
The company’s latest PB is 14.22, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 50.08M shares, decreasing 6.87% quarter-over-quarter.
Held by Steve Mandel
Star Investor Steve Mandel holds 1.55M shares of this stock.