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5 Steel Stocks for 2012

3. Carpenter Technology (CRS - Get Report) manufactures specialty metals. It provides material to the aerospace, industrial, energy, medical, consumer products and automotive industries.

For the first quarter of fiscal 2012, CRS reported net sales of $414.1 million, up 18% from the same period in 2011. The company registered gross profit of $81.1 million, up 62.9%. Net income increased by 213%.

For fiscal 2012, CRS targets 50% increase in operating income, excluding non-cash pension expense, vs. fiscal 2011.

In December 2011, the company announced that it has agreed to acquire the assets of ARwin Machining Plus for approximately $1.4 million.

Of the 10 analysts covering the stock, six recommend a buy and three rate a hold. Analysts' average 12-month price target for the stock is $65.40, about 16.8% higher than the current price, according to Bloomberg.

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ATI $10.74 0.00%
CRS $28.59 0.00%
MUSA $58.29 0.00%
NUE $40.03 0.00%
STLD $18.33 0.00%


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