Carpenter Technology (NYSE:CRS) Price Target Raised to $394.00

Carpenter Technology (NYSE:CRS) had its target price lifted by JPMorgan Chase & Co. from $388.00 to $394.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the basic materials company’s stock.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Carpenter Technology in a research note on Tuesday, January 27th. 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 report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft set a $425.00 price objective on Carpenter Technology and gave the company a “buy” rating in a report on Friday, October 24th. Jones Trading began coverage on shares of Carpenter Technology in a research report on Wednesday, October 22nd. They set a “buy” rating and a $400.00 target price on the stock. Finally, BTIG Research lifted their target price on Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a report on Friday. Eight 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, the company has an average rating of “Moderate Buy” and an average price target of $373.43.

Carpenter Technology Price Performance

NYSE:CRS opened at $317.46 on Friday. Carpenter Technology has a 12-month low of $138.61 and a 12-month high of $355.00. The stock’s 50 day moving average price is $324.60 and its two-hundred day moving average price is $286.90. The company has a quick ratio of 2.26, a current ratio of 4.25 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $15.81 billion, a price-to-earnings ratio of 36.87, a P/E/G ratio of 1.33 and a beta of 1.30.

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

Carpenter Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, January 27th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $0.80 annualized dividend and a yield of 0.3%. Carpenter Technology’s payout ratio is currently 9.78%.

Insider Activity

In related news, VP Elizabeth A. Socci sold 3,900 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 9,594 shares in the company, valued at approximately $3,082,072.50. This represents a 28.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brian J. Malloy sold 4,130 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 78,875 shares in the company, valued at approximately $23,940,140. This represents a 4.98% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 79,358 shares of company stock valued at $24,254,008. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Carpenter Technology

A number of institutional investors have recently made changes to their positions in CRS. Woodline Partners LP purchased a new stake in Carpenter Technology in the first quarter worth $4,050,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Carpenter Technology by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,785 shares of the basic materials company’s stock valued at $18,985,000 after acquiring an additional 1,701 shares during the period. Focus Partners Wealth boosted its position in shares of Carpenter Technology by 7.3% in the 1st quarter. Focus Partners Wealth now owns 4,615 shares of the basic materials company’s stock worth $836,000 after purchasing an additional 314 shares in the last quarter. HB Wealth Management LLC purchased a new position in Carpenter Technology during the second quarter valued at $288,000. Finally, SteelPeak Wealth LLC raised its position in shares of Carpenter Technology by 36.9% in the 2nd quarter. SteelPeak Wealth LLC now owns 7,664 shares of the basic materials company’s stock worth $2,118,000 after purchasing an additional 2,065 shares during the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Carpenter Technology News Roundup

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.