Brokerages Set Carpenter Technology Corporation (NYSE:CRS) PT at $371.14

Shares of Carpenter Technology Corporation (NYSE:CRS) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $371.1429.

Several equities research analysts have issued reports on the stock. Jones Trading initiated coverage on shares of Carpenter Technology in a research note on Wednesday, October 22nd. They set a “buy” rating and a $400.00 target price on the stock. BTIG Research boosted their price target on shares of Carpenter Technology from $305.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Carpenter Technology in a report on Thursday, October 30th. KeyCorp upgraded Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 target price on the stock in a report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft set a $425.00 price target on Carpenter Technology and gave the company a “buy” rating in a report on Friday, October 24th.

Key Carpenter Technology News

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

• Positive Sentiment: Zacks Research raised multiple near? and longer?term EPS forecasts for CRS (small bumps to Q4?2026, Q1/Q3/Q4?2027 and FY?2026/2027/2028, including FY?2028 to $13.92). The upward revisions — though modest — signal analysts see slightly stronger earnings momentum, which is a likely catalyst supporting the stock move today.
• Neutral Sentiment: Zacks kept a “Hold” rating on CRS despite the estimate increases, so while revisions are supportive, the firm is not yet turning bullish; the magnitude of the changes is small and may limit sustained upside absent company-level catalysts.
• Neutral Sentiment: A consumer/retail piece showing how a $1,000 investment in Carpenter performed over the past 10 years could attract additional investor interest and flows, particularly from long?term retail buyers, but it’s more of a sentiment/visibility boost than a fresh fundamental driver. Here’s How Much a $1000 Investment in Carpenter Technology Made 10 Years Ago Would Be Worth Today

Carpenter Technology Trading Up 1.8%

CRS stock opened at $327.26 on Wednesday. The business’s 50-day moving average is $305.16 and its 200 day moving average is $272.61. Carpenter Technology has a 12-month low of $138.61 and a 12-month high of $342.11. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 40.01, a PEG ratio of 1.34 and a beta of 1.31. The company has a current ratio of 4.44, a quick ratio of 2.37 and a debt-to-equity ratio of 0.36.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.30. Carpenter Technology had a return on equity of 22.68% and a net margin of 14.30%.The firm had revenue of $733.70 million for the quarter, compared to analyst estimates of $741.18 million. During the same period in the previous year, the company posted $1.73 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that Carpenter Technology will post 6.83 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Tuesday, October 21st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, October 21st. Carpenter Technology’s payout ratio is currently 9.78%.

Insider Transactions at Carpenter Technology

In related news, VP Elizabeth A. Socci sold 3,900 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $321.25, for a total transaction of $1,252,875.00. Following the completion of the sale, the vice president directly 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brian J. Malloy sold 4,130 shares of Carpenter Technology stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $303.52, for a total transaction of $1,253,537.60. Following the transaction, the chief operating officer directly owned 78,875 shares in the company, valued at $23,940,140. This trade represents a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 79,358 shares of company stock valued at $24,254,008 in the last three months. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CRS. State Street Corp raised its stake in shares of Carpenter Technology by 10.1% in the 3rd quarter. State Street Corp now owns 2,096,145 shares of the basic materials company’s stock valued at $514,687,000 after acquiring an additional 192,533 shares during the period. SurgoCap Partners LP increased its holdings in Carpenter Technology by 29.5% in the 3rd quarter. SurgoCap Partners LP now owns 1,198,895 shares of the basic materials company’s stock valued at $294,377,000 after purchasing an additional 272,896 shares during the last quarter. Advent International L.P. raised its position in Carpenter Technology by 12.1% in the first quarter. Advent International L.P. now owns 804,832 shares of the basic materials company’s stock valued at $145,819,000 after purchasing an additional 87,186 shares during the period. Ameriprise Financial Inc. lifted its stake in Carpenter Technology by 20.5% during the third quarter. Ameriprise Financial Inc. now owns 631,088 shares of the basic materials company’s stock worth $154,840,000 after purchasing an additional 107,552 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Carpenter Technology by 111.6% during the third quarter. Qube Research & Technologies Ltd now owns 617,948 shares of the basic materials company’s stock worth $151,731,000 after buying an additional 325,919 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.

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.