Carpenter Technology (NYSE:CRS) Price Target Cut to $700.00 by Analysts at JPMorgan Chase & Co.

Carpenter Technology (NYSE:CRS) had its target price reduced by JPMorgan Chase & Co. from $705.00 to $700.00 in a research report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the basic materials company’s stock.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $500.00 price target on shares of Carpenter Technology in a research note on Thursday, April 30th. BTIG Research lifted their price objective on shares of Carpenter Technology from $450.00 to $620.00 and gave the company a “buy” rating in a research note on Friday. KeyCorp boosted their target price on shares of Carpenter Technology from $459.00 to $644.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Zacks Research upgraded shares of Carpenter Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings lowered shares of Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $567.38.

Carpenter Technology Stock Up 3.2%

Shares of NYSE:CRS opened at $520.02 on Friday. The company has a market capitalization of $25.84 billion, a price-to-earnings ratio of 49.43, a P/E/G ratio of 1.42 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.81 and a quick ratio of 2.08. The business’s 50-day moving average is $552.95 and its 200-day moving average is $446.84. Carpenter Technology has a 1 year low of $228.00 and a 1 year high of $625.98.

Carpenter Technology (NYSE:CRS) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, beating the consensus estimate of $3.09 by $0.14. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The company had revenue of $679.70 million for the quarter, compared to analyst estimates of $863.33 million. During the same quarter in the prior year, the company earned $2.21 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities research analysts predict that Carpenter Technology will post 12.81 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Marshall D. Akins sold 11,815 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $441.36, for a total transaction of $5,214,668.40. Following the transaction, the vice president directly owned 18,344 shares of the company’s stock, valued at approximately $8,096,307.84. This represents a 39.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anastasios John Hart sold 750 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $423.86, for a total value of $317,895.00. Following the completion of the transaction, the director owned 750 shares in the company, valued at approximately $317,895. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Carpenter Technology

Institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new position in shares of Carpenter Technology in the 2nd quarter worth $28,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Carpenter Technology during the 1st quarter valued at $30,000. SJS Investment Consulting Inc. increased its stake in Carpenter Technology by 81.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 36 shares in the last quarter. Spire Wealth Management increased its stake in Carpenter Technology by 164.7% during the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 84 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Carpenter Technology during the second quarter worth $43,000. 92.03% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Fiscal Q4 earnings exceeded expectations: Carpenter reported adjusted earnings of $3.23 per share, ahead of the $3.09 consensus estimate and up from $2.21 a year earlier. The company also posted 12.6% year-over-year revenue growth, supporting the market’s view that profitability is accelerating. CRS Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management outlined an ambitious growth trajectory: Carpenter entered fiscal 2027 with record profitability, improving aerospace demand and a fiscal 2029 operating-income target of $1.2 billion to $1.3 billion. The outlook reinforces expectations for sustained demand in aerospace and other high-performance materials markets. CRS Q4 Earnings Call Highlights Strong Growth Outlook
• Positive Sentiment: BTIG became more bullish: BTIG raised its price target from $450 to $620 and assigned a “buy” rating, indicating confidence that Carpenter’s earnings growth and industry exposure can support further upside.
• Neutral Sentiment: Analyst views remain positive but targets are being recalibrated: JPMorgan trimmed its target from $705 to $700 while maintaining an “overweight” rating, and Susquehanna reduced its target from $680 to $600 but retained a “positive” rating. These changes suggest valuation or near-term execution concerns, but neither firm turned bearish.
• Negative Sentiment: Revenue performance was mixed relative to estimates: Carpenter reported quarterly revenue of $679.7 million. Although revenue increased year over year, it was below the $863.3 million consensus cited in one report, creating a potential concern despite the EPS beat and strong profitability.

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.