Carpenter Technology (NYSE:CRS) Sets New 12-Month High – Still a Buy?

Carpenter Technology Corporation (NYSE:CRS)’s stock price reached a new 52-week high on Friday . The stock traded as high as $500.16 and last traded at $495.1050, with a volume of 173698 shares changing hands. The stock had previously closed at $492.62.

Carpenter Technology News Roundup

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

• Positive Sentiment: Zacks Research raised near- and longer-term EPS forecasts for Carpenter Technology, including FY2026 to $10.44, FY2027 to $12.01, and FY2028 to $14.37, signaling continued confidence in earnings growth.
• Positive Sentiment: The analyst also nudged up quarterly estimates for Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q3 2028, reinforcing the view that profitability could remain strong over the next several years.
• Neutral Sentiment: A Zacks note highlighted Carpenter Technology as a potential momentum stock, which may attract trader attention but does not by itself change fundamentals. Article: Carpenter Technology (CRS) Is Up 8.03% in One Week: What You Should Know

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CRS shares. JPMorgan Chase & Co. raised their target price on shares of Carpenter Technology from $465.00 to $470.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Susquehanna boosted their target price on shares of Carpenter Technology from $470.00 to $495.00 and gave the company a “positive” rating in a research report on Thursday, April 30th. Wells Fargo & Company boosted their target price on shares of Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. TD Cowen boosted their target price on shares of Carpenter Technology from $450.00 to $470.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $500.00 target price on shares of Carpenter Technology in a research report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $441.00.

Carpenter Technology Price Performance

The company’s 50-day moving average is $430.00 and its two-hundred day moving average is $375.62. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.08. The firm has a market cap of $24.04 billion, a P/E ratio of 51.06, a PEG ratio of 1.80 and a beta of 1.25.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.18. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The business had revenue of $655.60 million during the quarter, compared to analysts’ expectations of $797.00 million. During the same quarter in the prior year, the business posted $1.88 earnings per share. Carpenter Technology’s revenue was up 11.6% compared to the same quarter last year. Sell-side analysts anticipate that Carpenter Technology Corporation will post 10.55 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Tuesday, April 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a $0.80 annualized dividend and a yield of 0.2%. Carpenter Technology’s payout ratio is presently 8.42%.

Insider Activity

In other Carpenter Technology news, VP Marshall D. Akins sold 11,815 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president owned 18,344 shares of the company’s stock, valued at approximately $8,096,307.84. The trade was a 39.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anastasios John Hart sold 750 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $423.86, for a total value of $317,895.00. Following the transaction, the director directly owned 750 shares of the company’s stock, valued at approximately $317,895. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in Carpenter Technology by 10.1% during the third quarter. State Street Corp now owns 2,096,145 shares of the basic materials company’s stock worth $514,687,000 after acquiring an additional 192,533 shares in the last quarter. Invesco Ltd. raised its stake in Carpenter Technology by 18.8% during the fourth quarter. Invesco Ltd. now owns 2,071,657 shares of the basic materials company’s stock worth $652,241,000 after acquiring an additional 327,302 shares in the last quarter. Egerton Capital UK LLP raised its stake in Carpenter Technology by 13.0% during the fourth quarter. Egerton Capital UK LLP now owns 1,553,012 shares of the basic materials company’s stock worth $488,950,000 after acquiring an additional 178,679 shares in the last quarter. SurgoCap Partners LP raised its stake in Carpenter Technology by 29.5% during the third quarter. SurgoCap Partners LP now owns 1,198,895 shares of the basic materials company’s stock worth $294,377,000 after acquiring an additional 272,896 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Carpenter Technology by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 975,960 shares of the basic materials company’s stock valued at $307,333,000 after buying an additional 78,588 shares during the period. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Company Profile

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.