Carpenter Technology (NYSE:CRS) Stock Rating Upgraded by Wall Street Zen

Carpenter Technology (NYSE:CRS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other analysts have also recently commented on the company. TD Cowen reiterated a “buy” rating on shares of Carpenter Technology in a report on Friday, November 14th. BTIG Research boosted their price target on shares of Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Carpenter Technology from $388.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday. KeyCorp raised shares of Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 target price for the company in a research note on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft set a $425.00 target price on shares of Carpenter Technology and gave the company a “buy” rating in a report on Friday, October 24th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $373.43.

Carpenter Technology Stock Performance

NYSE CRS opened at $317.46 on Friday. The company has a market capitalization of $15.82 billion, a price-to-earnings 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 has a twelve month low of $138.61 and a twelve month high of $355.00. The stock has a fifty day simple moving average of $324.60 and a 200 day simple moving average of $286.79.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, January 29th. The basic materials company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. The firm had revenue of $589.10 million for the quarter, compared to analyst estimates of $733.76 million. Carpenter Technology had a return on equity of 23.63% and a net margin of 14.77%.The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. Sell-side analysts expect that Carpenter Technology will post 6.83 EPS for the current year.

Insiders Place Their Bets

In other news, COO Brian J. Malloy sold 4,130 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $303.52, for a total value of $1,253,537.60. Following the completion of the sale, the chief operating officer directly owned 78,875 shares in the company, valued at $23,940,140. This trade represents a 4.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Elizabeth A. Socci sold 3,900 shares of the business’s 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 completion of the sale, the vice president directly owned 9,594 shares of the company’s stock, valued at $3,082,072.50. The trade was a 28.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 79,358 shares of company stock valued at $24,254,008 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Carpenter Technology

Hedge funds have recently added to or reduced their stakes in the company. PVG Asset Management Corp bought a new stake in shares of Carpenter Technology during the fourth quarter valued at approximately $332,000. Strategic Blueprint LLC acquired a new stake in Carpenter Technology in the 4th quarter valued at $295,000. FengHe Fund Management Pte. Ltd. bought a new stake in Carpenter Technology during the 4th quarter valued at $36,584,000. Torren Management LLC bought a new position in shares of Carpenter Technology in the fourth quarter valued at $59,000. Finally, M&T Bank Corp lifted its stake in shares of Carpenter Technology by 55.7% in the fourth quarter. M&T Bank Corp now owns 3,107 shares of the basic materials company’s stock valued at $978,000 after buying an additional 1,111 shares in the last quarter. 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: 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.