Carpenter Technology (NYSE:CRS) Stock Gets Price Target Cut from BTIG Research

Carpenter Technology (NYSE:CRS) had its price objective reduced by BTIG Research from $620.00 to $470.00 in a research note issued to investors on Friday, Marketbeat.com reports. BTIG Research currently has a buy rating on the basic materials company’s stock.

CRS has been the topic of several other reports. Zacks Research downgraded shares of Carpenter Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Weiss Ratings lowered Carpenter Technology from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Susquehanna reduced their target price on Carpenter Technology from $680.00 to $600.00 and set a “positive” rating for the company in a report on Friday, July 31st. TD Cowen decreased their target price on Carpenter Technology from $650.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Finally, KeyCorp lowered their price target on Carpenter Technology from $608.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Carpenter Technology currently has an average rating of “Moderate Buy” and a consensus price target of $476.43.

Carpenter Technology Stock Down 0.0%

CRS stock opened at $284.64 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.94 and a quick ratio of 2.05. The firm has a market capitalization of $14.10 billion, a P/E ratio of 25.10, a P/E/G ratio of 0.99 and a beta of 1.29. Carpenter Technology has a 52-week low of $278.17 and a 52-week high of $625.98. The company’s 50 day simple moving average is $423.06 and its 200-day simple moving average is $479.32.

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

Carpenter Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Tuesday, October 20th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $0.80 dividend on an annualized basis and a yield of 0.3%. Carpenter Technology’s payout ratio is presently 7.05%.

Insider Activity at Carpenter Technology

In other Carpenter Technology news, Director Ramin Younessi sold 438 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $493.15, for a total value of $215,999.70. Following the transaction, the director owned 1,953 shares in the company, valued at approximately $963,121.95. This represents a 18.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tony Thene sold 57,456 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total transaction of $27,802,958.40. Following the completion of the transaction, the chief executive officer owned 439,631 shares in the company, valued at approximately $212,737,440.90. This represents a 11.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 112,996 shares of company stock valued at $54,644,436. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Carpenter Technology

Institutional investors have recently modified their holdings of the stock. Sowell Financial Services LLC grew its holdings in shares of Carpenter Technology by 36.4% during the 3rd quarter. Sowell Financial Services LLC now owns 1,072 shares of the basic materials company’s stock valued at $417,000 after acquiring an additional 286 shares in the last quarter. Gibbs Wealth Management increased its stake in shares of Carpenter Technology by 9.6% in the third quarter. Gibbs Wealth Management now owns 1,640 shares of the basic materials company’s stock worth $638,000 after acquiring an additional 143 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Carpenter Technology by 11.7% during the third quarter. Inspire Investing LLC now owns 2,980 shares of the basic materials company’s stock worth $1,159,000 after acquiring an additional 313 shares in the last quarter. MBL Wealth LLC raised its holdings in shares of Carpenter Technology by 8.6% during the third quarter. MBL Wealth LLC now owns 698 shares of the basic materials company’s stock worth $271,000 after acquiring an additional 55 shares in the last quarter. Finally, E. Ohman J or Asset Management AB purchased a new stake in shares of Carpenter Technology during the third quarter worth $731,000. Institutional investors and hedge funds 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

About Carpenter Technology

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.