Brokerages Set Carpenter Technology Corporation (NYSE:CRS) Price Target at $438.78

Carpenter Technology Corporation (NYSE:CRS) has received an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $441.00.

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Carpenter Technology from $465.00 to $470.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Susquehanna upped their price objective on shares of Carpenter Technology from $470.00 to $495.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $500.00 price objective on shares of Carpenter Technology in a research report on Thursday, April 30th. Wells Fargo & Company upped their price objective on shares of Carpenter Technology from $400.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Finally, KeyCorp upped their price objective on shares of Carpenter Technology from $453.00 to $459.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th.

Carpenter Technology Stock Performance

Shares of Carpenter Technology stock opened at $434.10 on Friday. The company has a 50 day moving average of $413.19 and a 200-day moving average of $365.85. Carpenter Technology has a 1-year low of $219.58 and a 1-year high of $475.69. The company has a current ratio of 3.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.33. The company has a market cap of $21.57 billion, a PE ratio of 45.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.18. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The company had revenue of $655.60 million during the quarter, compared to the consensus estimate of $797.00 million. During the same quarter in the prior year, the firm posted $1.88 EPS. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities research analysts forecast that Carpenter Technology will post 10.49 earnings per share for the current fiscal year.

Carpenter Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Tuesday, April 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, April 28th. Carpenter Technology’s dividend payout ratio is currently 8.42%.

Insider Buying and Selling

In related news, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $423.86, for a total transaction of $317,895.00. Following the completion of the transaction, the director directly owned 750 shares in the company, valued at $317,895. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James D. Dee sold 15,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $391.78, for a total transaction of $6,190,124.00. Following the completion of the transaction, the senior vice president owned 73,739 shares of the company’s stock, valued at approximately $28,889,465.42. This trade represents a 17.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,365 shares of company stock worth $11,722,687 in the last three months. 2.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carpenter Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new stake in shares of Carpenter Technology during the second quarter worth $28,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Carpenter Technology during the first quarter worth $30,000. SJS Investment Consulting Inc. increased its position in shares of Carpenter Technology by 81.8% during the first quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock worth $32,000 after buying an additional 36 shares during the period. Armstrong Advisory Group Inc. increased its position in shares of Carpenter Technology by 57.3% during the fourth quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock worth $37,000 after buying an additional 43 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of Carpenter Technology during the third quarter worth $41,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Key Carpenter Technology News

Here are the key news stories impacting Carpenter Technology this week:

• Positive Sentiment: Zacks Research raised Carpenter Technology’s earnings estimates for several future periods, including FY2026, FY2027, FY2028, and multiple quarterly forecasts, suggesting stronger profit momentum ahead.
• Positive Sentiment: Barron’s published a bullish view titled “This Stock Will Melt Up,” arguing that earnings momentum, pricing power, and barriers to entry could support significant upside from here. Barron’s article on Carpenter Technology
• Positive Sentiment: Carpenter Technology has outperformed many basic materials peers year to date, reinforcing the market’s view that its fundamentals are better than the sector average. Zacks article on CRS performance vs peers
• Neutral Sentiment: Analyst revisions were mixed in the latest note set, with some near-term estimates nudged up and one Q4 2027 estimate trimmed, but the overall direction remained positive.

About Carpenter Technology

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.