BTIG Research Raises Carpenter Technology (NYSE:CRS) Price Target to $375.00

Carpenter Technology (NYSE:CRS) had its price objective upped by equities researchers at BTIG Research from $365.00 to $375.00 in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. BTIG Research’s price target would indicate a potential upside of 18.13% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. KeyCorp upgraded 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. Jones Trading started coverage on shares of Carpenter Technology in a report on Wednesday, October 22nd. They issued a “buy” rating and a $400.00 target price for the company. TD Cowen restated a “buy” rating on shares of Carpenter Technology in a research report on Friday, November 14th. JPMorgan Chase & Co. increased their price objective on shares of Carpenter Technology from $305.00 to $388.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft set a $425.00 price objective on shares of Carpenter Technology and gave the stock a “buy” rating in a research note on Friday, October 24th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $373.43.

Carpenter Technology Stock Up 2.3%

Shares of CRS stock opened at $317.46 on Friday. The company’s fifty day simple moving average is $324.60 and its two-hundred day simple moving average is $286.84. Carpenter Technology has a 52 week low of $138.61 and a 52 week high of $355.00. The stock has a market cap of $15.82 billion, a P/E ratio of 36.87, a PEG ratio of 1.30 and a beta of 1.29. The company has a quick ratio of 2.37, a current ratio of 4.25 and a debt-to-equity ratio of 0.35.

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

Insider Activity

In related news, VP Elizabeth A. Socci sold 3,900 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $321.25, for a total value of $1,252,875.00. Following the sale, the vice president directly owned 9,594 shares of the company’s stock, valued at $3,082,072.50. This represents a 28.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Brian J. Malloy sold 4,130 shares of the business’s stock in a transaction that occurred 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 owned 78,875 shares of the company’s stock, valued at $23,940,140. This trade represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 79,358 shares of company stock valued at $24,254,008 in the last 90 days. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Carpenter Technology

A number of large investors have recently made changes to their positions in the stock. State Street Corp lifted its holdings in Carpenter Technology by 10.1% during 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 buying an additional 192,533 shares in the last quarter. SurgoCap Partners LP increased its position in shares of Carpenter Technology by 29.5% during the third quarter. SurgoCap Partners LP now owns 1,198,895 shares of the basic materials company’s stock worth $294,377,000 after acquiring an additional 272,896 shares during the period. Ameriprise Financial Inc. increased its position in shares of 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 acquiring an additional 107,552 shares during the period. Qube Research & Technologies Ltd raised its stake 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 valued at $151,731,000 after acquiring an additional 325,919 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Carpenter Technology by 171.2% in the fourth quarter. UBS Group AG now owns 606,501 shares of the basic materials company’s stock valued at $190,951,000 after purchasing an additional 382,865 shares during the period. 92.03% of the stock is owned by hedge funds and other institutional investors.

Carpenter Technology News Summary

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

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.