Carpenter Technology Corporation (NYSE:CRS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Carpenter Technology Corporation (NYSE:CRS) have earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $458.6250.

Several research firms recently weighed in on CRS. BTIG Research increased their price target on shares of Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. TD Cowen increased their price target 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. Susquehanna increased their price target 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. JPMorgan Chase & Co. increased their price target on shares of Carpenter Technology from $465.00 to $470.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, KeyCorp increased their price target on shares of Carpenter Technology from $453.00 to $459.00 and gave the company an “overweight” rating in a research report on Monday, May 4th.

Carpenter Technology Stock Performance

NYSE CRS opened at $560.25 on Wednesday. Carpenter Technology has a 1 year low of $228.00 and a 1 year high of $574.52. 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 $27.84 billion, a price-to-earnings ratio of 58.97, a PEG ratio of 1.93 and a beta of 1.25. The company has a fifty day moving average price of $446.24 and a 200-day moving average price of $384.39.

Carpenter Technology (NYSE:CRS) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share (EPS) 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 firm had revenue of $655.60 million during the quarter, compared to analyst estimates of $797.00 million. During the same quarter in the prior year, the business posted $1.88 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. As a group, equities research analysts predict that Carpenter Technology will post 10.56 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, April 28th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, April 28th. This represents a $0.80 annualized dividend and a yield of 0.1%. Carpenter Technology’s dividend payout ratio is presently 8.42%.

Insider Activity

In related news, Director Anastasios John Hart sold 750 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $423.86, for a total transaction of $317,895.00. Following the completion of the transaction, the director owned 750 shares in the company, valued at approximately $317,895. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Marshall D. Akins sold 11,815 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total transaction of $5,214,668.40. Following 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 position. The SEC filing for this sale provides additional information. 2.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carpenter Technology

Several institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in Carpenter Technology by 43.3% during the first quarter. Parallel Advisors LLC now owns 596 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 180 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Carpenter Technology by 28.8% during the first quarter. NewEdge Advisors LLC now owns 1,352 shares of the basic materials company’s stock valued at $533,000 after purchasing an additional 302 shares during the last quarter. Optiver Holding B.V. purchased a new stake in Carpenter Technology during the first quarter valued at about $179,000. Wellington Grp LLC purchased a new stake in Carpenter Technology during the first quarter valued at about $597,000. Finally, Essential Partners LLC lifted its holdings in Carpenter Technology by 9.9% during the first quarter. Essential Partners LLC now owns 378 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 34 shares during the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

Key Carpenter Technology News

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

• Positive Sentiment: Zacks Research lifted its earnings outlook for Carpenter Technology across several periods, including FY2026, FY2027, and FY2028, which suggests analysts see durable earnings growth ahead.
• Positive Sentiment: The firm’s latest note also nudged up near-term quarterly EPS estimates, reinforcing the view that Carpenter Technology’s pricing power and contract wins are supporting profitability. Carpenter Technology Contract Wins Lift Pricing Power But Stretch Valuation
• Neutral Sentiment: The estimate changes were incremental rather than dramatic, so they are more of a confirmation of existing strength than a major new catalyst.
• Negative Sentiment: The stock is already trading near its 52-week high and at a relatively rich valuation, which may limit upside if investors decide the good news is already priced in.

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.