Carpenter Technology (NYSE:CRS) Raised to “Buy” at Wall Street Zen

Carpenter Technology (NYSE:CRS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other brokerages have also commented on CRS. Weiss Ratings lowered shares of Carpenter Technology from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Zacks Research downgraded Carpenter Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 15th. Wells Fargo & Company decreased 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. BTIG Research lowered their price target on Carpenter Technology from $620.00 to $470.00 and set a “buy” rating on the stock in a research note on Friday. Finally, TD Cowen cut their price target on Carpenter Technology from $650.00 to $500.00 and set a “buy” rating for the company in a report on Friday, October 9th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $476.43.

Carpenter Technology Trading Down 0.0%

Shares of CRS stock opened at $284.64 on Friday. The firm has a market capitalization of $14.10 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 0.99 and a beta of 1.29. Carpenter Technology has a 1 year low of $278.17 and a 1 year high of $625.98. The firm’s fifty day simple moving average is $423.06 and its 200 day simple moving average is $479.32. The company has a current ratio of 3.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.32.

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

Insider Buying and Selling at Carpenter Technology

In other news, Director Ramin Younessi sold 438 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $493.15, for a total transaction of $215,999.70. Following the completion of the transaction, the director directly owned 1,953 shares of the company’s stock, valued at approximately $963,121.95. This trade represents a 18.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony R. Thene sold 57,456 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $483.90, for a total transaction of $27,802,958.40. Following the transaction, the chief executive officer directly owned 439,631 shares of the company’s stock, valued at $212,737,440.90. The trade was a 11.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 112,996 shares of company stock valued at $54,644,436 in the last 90 days. 2.90% of the stock is currently owned by company insiders.

Institutional Trading of Carpenter Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Carpenter Technology during the second quarter worth about $3,834,623,000. SurgoCap Partners LP acquired a new stake in Carpenter Technology during the second quarter valued at approximately $423,444,000. Jennison Associates LLC bought a new stake in shares of Carpenter Technology in the 1st quarter valued at approximately $317,411,000. Wellington Management Group LLP grew its stake in shares of Carpenter Technology by 82.2% in the 2nd quarter. Wellington Management Group LLP now owns 506,167 shares of the basic materials company’s stock valued at $312,224,000 after purchasing an additional 228,290 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Carpenter Technology in the 2nd quarter valued at approximately $231,252,000. Institutional investors own 92.03% of the company’s stock.

Key Headlines Impacting Carpenter Technology

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.