Carpenter Technology traded at $597.24 this Thursday July 2nd, decreasing $12.92 or 2.12 percent since the previous trading session. Looking back, over the last four weeks, Carpenter Technology lost 22.62 percent. Over the last 12 months, its price rose by 113.62 percent. Looking ahead, we forecast Carpenter Technology to be priced at 579.47 by the end of this quarter and at 544.06 in one year, according to Trading Economics global macro models projections and analysts expectations.
Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company operates through two segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). The SAO segment consists of 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 consists of 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 applications in the aerospace, defense, medical, transportation, energy, industrial and consumer markets. It operates its own network of service and distribution centers, located in the United States, Canada, Mexico, Europe and Asia.