12 Best Nickel Stocks to Buy According to Hedge Funds

Page 11 of 11

1. Carpenter Technology Corporation (NYSE:CRS)

Number of Hedge Fund Holders: 55

Carpenter Technology Corporation (NYSE:CRS) is a significant manufacturer and distributor of specialty metals, such as nickel alloys, titanium alloys, and superalloys. Two of the company’s reportable segments are Performance Engineered Products and Specialty Alloys Operations. The Specialty Alloys Operations segment accounts for the majority of its revenue. This comprises mill operations in Reading and Latrobe, Pennsylvania, and the neighboring areas, as well as South Carolina and Alabama. Geographically, the United States accounts for the majority of the company’s revenue, with the remainder coming from Europe, Asia Pacific, Mexico, Canada, and other areas. It is the Best Nickel Stock.

On January 30, Carpenter Technology Corporation (NYSE:CRS) released results for the second quarter of 2025 that were comparatively strong. EPS almost doubled to $1.66, and quarterly operating income jumped by a remarkable 70% year over year to $119 million. The business raised its FY 2025 net income projection from $460 million to $500 million, to a range of $500 million to $520 million, encouraged by the impressive achievements.

Andre Madrid, a BTIG analyst, maintained his Buy rating on Carpenter Technology Corporation (NYSE:CRS) shares and increased his price objective from $230 to $245. In a research note, the analyst informs investors that the company’s long-term outlook exceeded all expectations, with an estimated adjusted operating income of $765 million to $800 million in FY27, indicating a 25% compound annual growth rate. The firm views this growth trajectory favorably, particularly when it takes into account conservative OEM build rates that are lower than current OEM expectations.

​​Overall, CRS ranks first among the 12 Best Nickel Stocks to Buy According to Hedge Funds. While we acknowledge the potential of nickel companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CRS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. 12 Best Nickel Stocks to Buy According to Hedge Funds is originally published on Insider Monkey. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 11 of 11