Carpenter Technology (NYSE:CRS) Given New $394.00 Price Target at JPMorgan Chase & Co.

Carpenter Technology (NYSE:CRS) had its price target raised by JPMorgan Chase & Co. from $388.00 to $394.00 in a report issued on Friday,Benzinga reports. The firm currently has an overweight rating on the basic materials company’s stock.

Other equities research analysts have also issued reports about the stock. BTIG Research raised their price objective on shares of Carpenter Technology from $365.00 to $375.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Carpenter Technology in a research note on Tuesday. KeyCorp raised Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price target for the company in a report on Thursday, November 13th. TD Cowen reaffirmed a “buy” rating on shares of Carpenter Technology in a research report on Friday, November 14th. Finally, Deutsche Bank Aktiengesellschaft set a $425.00 target price on Carpenter Technology and gave the stock a “buy” rating in a research report on Friday, October 24th. Eight investment 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, Carpenter Technology has a consensus rating of “Moderate Buy” and a consensus target price of $373.43.

Carpenter Technology Stock Performance

Shares of CRS opened at $317.46 on Friday. Carpenter Technology has a 1 year low of $138.61 and a 1 year high of $355.00. The stock has a market capitalization of $15.82 billion, a PE ratio of 36.87, a PEG ratio of 1.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.37 and a current ratio of 4.25. The stock has a 50-day simple moving average of $324.60 and a 200-day simple moving average of $286.79.

Carpenter Technology (NYSE:CRS) last issued its earnings results on Thursday, January 29th. The basic materials company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. Carpenter Technology had a net margin of 14.77% and a return on equity of 23.63%. The firm had revenue of $589.10 million for the quarter, compared to analysts’ expectations of $733.76 million. During the same quarter last year, the company earned $1.66 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Carpenter Technology will post 6.83 earnings per share for the current fiscal year.

Carpenter Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, January 27th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $0.80 annualized dividend and a yield of 0.3%. Carpenter Technology’s payout ratio is 9.78%.

Insider Buying and Selling

In other news, COO Brian J. Malloy sold 4,130 shares of Carpenter Technology stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $303.52, for a total value of $1,253,537.60. Following the transaction, the chief operating officer directly owned 78,875 shares of the company’s stock, valued at $23,940,140. The trade was a 4.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Elizabeth A. Socci sold 3,900 shares of the company’s stock in a transaction on 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 owned 9,594 shares of the company’s stock, valued at approximately $3,082,072.50. This trade represents a 28.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 79,358 shares of company stock valued at $24,254,008. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. PVG Asset Management Corp purchased a new stake in shares of Carpenter Technology in the fourth quarter valued at about $332,000. Strategic Blueprint LLC acquired a new position in Carpenter Technology in the 4th quarter valued at about $295,000. FengHe Fund Management Pte. Ltd. acquired a new position in Carpenter Technology in the 4th quarter valued at about $36,584,000. Torren Management LLC purchased a new stake in Carpenter Technology during the 4th quarter valued at approximately $59,000. Finally, M&T Bank Corp lifted its position in Carpenter Technology by 55.7% during the 4th quarter. M&T Bank Corp now owns 3,107 shares of the basic materials company’s stock worth $978,000 after acquiring an additional 1,111 shares during the period. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Carpenter Technology

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

• Positive Sentiment: JPMorgan raised its price target to $394 and kept an “overweight” rating, implying roughly ~24% upside from the referenced price — a clear institutional endorsement that can support further buying interest. Article Title
• Positive Sentiment: BTIG bumped its target to $375 and reiterated a “buy” rating (?18% upside), adding another analyst upward revision that helps validate management’s message on margins and demand. Article Title
• Positive Sentiment: Q2 results: EPS of $2.33 beat consensus ($2.20) and management raised full?year guidance; operating income hit a record for the quarter — positive for margin expansion and near-term profitability. Article Title
• Positive Sentiment: Company reported accelerating aerospace & defense bookings and completed negotiations for several long?term aerospace agreements — supports revenue visibility and higher-value contract mix. Article Title
• Neutral Sentiment: Analyst and news coverage (Zacks, Seeking Alpha, Benzinga) provide transcripts, call highlights and metric breakdowns for investors digging into guidance, ROE and margin drivers. Useful for assessing whether beats are sustainable. Article Title
• Negative Sentiment: Revenue came in at $589.1M versus a consensus near $733.8M — a sizeable miss (even as EPS beat), which may temper expectations about top?line strength and could limit multiple expansion if recurring. Article Title

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.