JPMorgan Chase & Co. Increases Carpenter Technology (NYSE:CRS) Price Target to $394.00

Carpenter Technology (NYSE:CRS) had its price target increased by investment analysts at JPMorgan Chase & Co. from $388.00 to $394.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 24.11% from the company’s previous close.

Several other research firms also recently issued reports on CRS. Jones Trading initiated coverage on shares of Carpenter Technology in a report on Wednesday, October 22nd. They set a “buy” rating and a $400.00 price objective on the stock. KeyCorp upgraded Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 target price for the company in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft set a $425.00 target price on shares of Carpenter Technology and gave the stock a “buy” rating in a research note on Friday, October 24th. TD Cowen reiterated a “buy” rating on shares of Carpenter Technology in a report on Friday, November 14th. Finally, BTIG Research raised their price target on shares of Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Carpenter Technology has a consensus rating of “Moderate Buy” and an average price target of $373.43.

Carpenter Technology Stock Up 2.3%

NYSE:CRS opened at $317.46 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.25 and a quick ratio of 2.37. Carpenter Technology has a 1-year low of $138.61 and a 1-year high of $355.00. The company has a 50-day moving average of $324.60 and a 200 day moving average of $286.84. The firm has a market cap of $15.82 billion, a PE ratio of 36.87, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29.

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 company had revenue of $589.10 million for the quarter, compared to the consensus estimate of $733.76 million. During the same quarter last year, the company earned $1.66 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Carpenter Technology will post 6.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Elizabeth A. Socci sold 3,900 shares of the firm’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 transaction, the vice president owned 9,594 shares in the company, valued at approximately $3,082,072.50. This trade represents a 28.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brian J. Malloy sold 43,688 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $304.45, for a total transaction of $13,300,811.60. Following the transaction, the chief operating officer directly owned 78,875 shares in the company, valued at $24,013,493.75. The trade was a 35.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 79,358 shares of company stock worth $24,254,008 over the last ninety days. 2.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRS. State Street Corp boosted its holdings in Carpenter Technology by 10.1% during the third quarter. State Street Corp now owns 2,096,145 shares of the basic materials company’s stock worth $514,687,000 after buying an additional 192,533 shares during the last quarter. SurgoCap Partners LP boosted 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 purchasing an additional 272,896 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Carpenter Technology by 20.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 631,088 shares of the basic materials company’s stock valued at $154,840,000 after buying an additional 107,552 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Carpenter Technology by 111.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 617,948 shares of the basic materials company’s stock valued at $151,731,000 after buying an additional 325,919 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Carpenter Technology by 171.2% in the 4th quarter. UBS Group AG now owns 606,501 shares of the basic materials company’s stock valued at $190,951,000 after buying an additional 382,865 shares in the last quarter. 92.03% of the stock is owned by 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

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.