Carpenter Technology (NYSE:CRS) Stock Lifted to “Buy” by Wall Street Zen

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

Other equities research analysts have also recently issued research reports about the company. Zacks Research cut Carpenter Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 15th. KeyCorp lowered their target price on Carpenter Technology from $608.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Wells Fargo & Company lowered their target price on Carpenter Technology from $540.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 30th. TD Cowen cut their target price on Carpenter Technology from $650.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Finally, Susquehanna reiterated a “positive” rating and set a $450.00 price target on shares of Carpenter Technology in a research report on Friday. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $476.43.

Carpenter Technology Trading Down 2.6%

Shares of NYSE:CRS opened at $284.64 on Friday. The company has a quick ratio of 2.23, a current ratio of 3.94 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $423.06 and its 200 day moving average price is $478.73. The company has a market cap of $14.11 billion, a PE ratio of 25.10, a P/E/G ratio of 1.00 and a beta of 1.29. Carpenter Technology has a fifty-two week low of $278.17 and a fifty-two week high of $625.98.

Carpenter Technology (NYSE:CRS) last posted its earnings results on Thursday, October 22nd. The basic materials company reported $3.25 EPS for the quarter, topping the consensus estimate of $3.04 by $0.21. Carpenter Technology had a net margin of 17.87% and a return on equity of 27.50%. The firm had revenue of $634.80 million during the quarter, compared to analysts’ expectations of $830.85 million. During the same quarter in the prior year, the firm earned $2.43 EPS. Carpenter Technology’s quarterly revenue was up 8.8% on a year-over-year basis. Sell-side analysts anticipate that Carpenter Technology will post 13.35 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Tuesday, October 20th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $0.80 annualized dividend and a yield of 0.3%. Carpenter Technology’s payout ratio is presently 7.05%.

Insiders Place Their Bets

In other Carpenter Technology news, CEO Tony Thene sold 57,456 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $483.90, for a total value of $27,802,958.40. Following the completion of the sale, the chief executive officer directly owned 439,631 shares in the company, valued at $212,737,440.90. This represents a 11.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven Karol sold 3,275 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $474.08, for a total value of $1,552,612.00. Following the transaction, the director directly owned 177,000 shares of the company’s stock, valued at approximately $83,912,160. The trade was a 1.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 112,996 shares of company stock worth $54,644,436 over the last ninety days. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new stake in Carpenter Technology in the 2nd quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Carpenter Technology in the 1st quarter worth approximately $30,000. SJS Investment Consulting Inc. grew its stake in shares of Carpenter Technology by 81.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 36 shares during the last quarter. Persistent Asset Partners Ltd acquired a new position in shares of Carpenter Technology in the 2nd quarter worth approximately $55,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Carpenter Technology in the 2nd quarter worth approximately $56,000. 92.03% of the stock is owned by institutional investors and hedge funds.

Key Carpenter Technology News

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

• Positive Sentiment: Carpenter Technology reported fiscal first-quarter adjusted EPS of $3.25, above the $3.04 consensus and up from $2.43 a year earlier. Record quarterly operating income increased 28% year over year, supported by productivity improvements, favorable product mix and pricing actions. Carpenter Technology Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: Management highlighted accelerating commercial aerospace demand, stronger bookings, pricing gains and productivity benefits. Carpenter maintained its fiscal 2027 free-cash-flow outlook of $400 million to $430 million and established a fiscal 2029 operating-income target of $1.2 billion to $1.3 billion. CRS Q1 Earnings Call Highlights Aerospace Demand and Pricing Gains
• Neutral Sentiment: Deutsche Bank and BTIG Research lowered their CRS price targets to $361 and $470, respectively, but both retained Buy ratings. The reductions suggest analysts remain positive on the long-term story while acknowledging greater near-term valuation or execution concerns. Deutsche Bank Adjusts Carpenter Technology Price Target
• Neutral Sentiment: Carpenter named Jed Freeman as its next general counsel, a routine leadership transition with limited immediate earnings implications. Carpenter Technology Names Jed Freeman as Next General Counsel
• Negative Sentiment: Quarterly revenue of $634.8 million was well below the roughly $830.9 million analyst estimate, despite increasing 8.8% year over year. Investors appear to be treating the sales miss and high valuation as more important than the EPS beat, driving the stock lower after earnings. Why Carpenter Technology Stock Crashed After Earnings

Carpenter Technology Company Profile

Carpenter Technology Corporation is a manufacturer of premium specialty metals and engineered materials for demanding applications. The company produces stainless steels, nickel- and cobalt-based alloys, titanium, powder metals, and other high-performance materials designed to withstand extreme temperatures, corrosion, stress, and wear.

Its products are used in aerospace and defense, medical devices, energy, transportation, industrial equipment, and other specialized markets. Carpenter Technology supplies materials in forms such as bar, wire, strip, sheet, and powder, and also provides processing and engineered component solutions through its performance-engineered products operations.

Founded in 1889 as Carpenter Steel Company, the company has developed a global customer base supported by manufacturing, research, and service operations in the United States and international markets.