Carpenter Technology (NYSE:CRS) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Carpenter Technology (NYSE:CRS) from a hold rating to a buy rating in a research report report published on Saturday.

Several other equities analysts have also issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carpenter Technology in a report on Tuesday. BTIG Research raised their price target on Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday. Jones Trading started coverage on Carpenter Technology in a research report on Wednesday, October 22nd. They set a “buy” rating and a $400.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $425.00 price objective on Carpenter Technology and gave the company a “buy” rating in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Carpenter Technology from $388.00 to $394.00 and gave the company an “overweight” rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $373.43.

Carpenter Technology Stock Up 2.3%

CRS stock opened at $317.46 on Friday. The company has a current ratio of 4.25, a quick ratio of 2.37 and a debt-to-equity ratio of 0.35. Carpenter Technology has a twelve month low of $138.61 and a twelve month high of $355.00. The company’s 50 day moving average is $324.60 and its two-hundred day moving average is $286.84. The stock has a market cap of $15.82 billion, a P/E ratio of 36.87, a PEG ratio of 1.30 and a beta of 1.29.

Carpenter Technology (NYSE:CRS) last issued its earnings results on Thursday, January 29th. The basic materials company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.13. Carpenter Technology had a net margin of 14.77% and a return on equity of 23.63%. The business had revenue of $589.10 million during the quarter, compared to analysts’ expectations of $733.76 million. During the same quarter in the prior year, the business posted $1.66 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts expect that Carpenter Technology will post 6.83 earnings per share for the current fiscal year.

Carpenter Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, January 27th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, January 27th. Carpenter Technology’s payout ratio is currently 9.78%.

Insider Buying and Selling at Carpenter Technology

In other news, COO Brian J. Malloy sold 4,130 shares of Carpenter Technology stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $303.52, for a total value of $1,253,537.60. Following the sale, the chief operating officer owned 78,875 shares of the company’s stock, valued at $23,940,140. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Elizabeth A. Socci sold 3,900 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $321.25, for a total transaction of $1,252,875.00. Following the transaction, the vice president owned 9,594 shares in the company, valued at approximately $3,082,072.50. This trade represents a 28.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 79,358 shares of company stock valued at $24,254,008 in the last 90 days. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Carpenter Technology

A number of institutional investors have recently modified their holdings of CRS. PVG Asset Management Corp acquired a new position in Carpenter Technology during the fourth quarter worth $332,000. Strategic Blueprint LLC acquired a new position in shares of Carpenter Technology during the 4th quarter worth $295,000. FengHe Fund Management Pte. Ltd. acquired a new position in shares of Carpenter Technology during the 4th quarter worth $36,584,000. Torren Management LLC purchased a new position in shares of Carpenter Technology in the 4th quarter valued at about $59,000. Finally, M&T Bank Corp lifted its stake in shares of Carpenter Technology by 55.7% in the fourth quarter. M&T Bank Corp now owns 3,107 shares of the basic materials company’s stock valued at $978,000 after purchasing an additional 1,111 shares during the period. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Carpenter Technology

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

• Positive Sentiment: JPMorgan raised its price target to $394 and kept an “overweight” rating, implying roughly ~24% upside from the referenced price — a clear institutional endorsement that can support further buying interest. Article Title
• Positive Sentiment: BTIG bumped its target to $375 and reiterated a “buy” rating (≈18% upside), adding another analyst upward revision that helps validate management’s message on margins and demand. Article Title
• Positive Sentiment: Q2 results: EPS of $2.33 beat consensus ($2.20) and management raised full‑year guidance; operating income hit a record for the quarter — positive for margin expansion and near-term profitability. Article Title
• Positive Sentiment: Company reported accelerating aerospace & defense bookings and completed negotiations for several long‑term aerospace agreements — supports revenue visibility and higher-value contract mix. Article Title
• Neutral Sentiment: Analyst and news coverage (Zacks, Seeking Alpha, Benzinga) provide transcripts, call highlights and metric breakdowns for investors digging into guidance, ROE and margin drivers. Useful for assessing whether beats are sustainable. Article Title
• Negative Sentiment: Revenue came in at $589.1M versus a consensus near $733.8M — a sizeable miss (even as EPS beat), which may temper expectations about top‑line strength and could limit multiple expansion if recurring. Article Title

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.