Carpenter Technology (NYSE:CRS) Upgraded by Wall Street Zen to “Buy” Rating

by · The Markets Daily

Wall Street Zen upgraded shares of Carpenter Technology (NYSE:CRS – Free Report) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also commented on the stock. BTIG Research increased their price objective on shares of Carpenter Technology from $450.00 to $620.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company upped their target price on shares of Carpenter Technology from $425.00 to $540.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Zacks Research raised shares of Carpenter Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Susquehanna lowered their price target on shares of Carpenter Technology from $680.00 to $600.00 and set a “positive” rating for the company in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Carpenter Technology has an average rating of “Buy” and a consensus target price of $577.25.

Check Out Our Latest Stock Analysis on Carpenter Technology

Carpenter Technology Trading Down 1.2%

Shares of CRS opened at $442.99 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.23 and a current ratio of 3.81. The company has a market cap of $21.95 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 1.57 and a beta of 1.26. The stock has a fifty day moving average price of $531.19 and a two-hundred day moving average price of $479.87. Carpenter Technology has a 52-week low of $228.00 and a 52-week high of $625.98.

Carpenter Technology (NYSE:CRS – Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, topping the consensus estimate of $3.09 by $0.14. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The company had revenue of $679.70 million for the quarter, compared to analysts’ expectations of $863.33 million. During the same quarter in the prior year, the business earned $2.21 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts predict that Carpenter Technology will post 13.28 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 25th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, August 25th. Carpenter Technology’s payout ratio is currently 7.60%.

Insider Buying and Selling at Carpenter Technology

In other Carpenter Technology news, Director Steven Karol sold 3,275 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $474.08, for a total transaction of $1,552,612.00. Following the transaction, the director directly owned 177,000 shares in the company, valued at approximately $83,912,160. This represents a 1.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tony Thene sold 57,456 shares of the firm’s stock in a transaction dated 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 directly owned 439,631 shares in the company, valued at $212,737,440.90. This trade represents a 11.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 112,996 shares of company stock worth $54,644,436. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Carpenter Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its holdings in Carpenter Technology by 58,677.5% during the second quarter. California State Teachers Retirement System now owns 33,892,274 shares of the basic materials company’s stock worth $20,906,110,000 after buying an additional 33,834,612 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Carpenter Technology in the 2nd quarter valued at about $3,834,623,000. Jennison Associates LLC bought a new stake in shares of Carpenter Technology in the 1st quarter valued at about $317,411,000. SurgoCap Partners LP acquired a new stake in shares of Carpenter Technology in the 2nd quarter valued at approximately $423,444,000. Finally, Sands Capital Management LLC acquired a new stake in shares of Carpenter Technology in the 4th quarter valued at approximately $195,731,000. 92.03% of the stock is owned by institutional investors.

More Carpenter Technology News

Here are the key news stories impacting Carpenter Technology this week:

  • Positive Sentiment: Zacks Research raised its earnings forecasts across multiple periods, including FY2028 EPS to $15.24 from $15.08 and FY2029 EPS to $18.81 from $18.44. The firm also increased estimates for Q1–Q4 FY2028 and Q4 FY2027, indicating expectations for continued earnings growth. Zacks maintained its “Strong-Buy” rating.
  • Positive Sentiment: Demand trends remain supportive. A Zacks analysis cited strong aerospace demand, rising bookings and planned capacity expansion as potential drivers of fiscal 2027 growth and longer-term gains. Can Strong End-Market Demand Boost Carpenter Technology’s Growth?
  • Positive Sentiment: The revised long-term forecasts imply improving profitability, with Zacks’ estimates rising from $13.28 per share for the current fiscal year to $15.24 in FY2028 and $18.81 in FY2029. This provides a favorable fundamental backdrop for CRS. Carpenter Technology Upgraded at Wall Street Zen
  • Neutral Sentiment: The six Zacks reports largely repeat the same upward estimate revisions rather than introducing a new contract, earnings release or guidance change. The current-year consensus remains $13.28 EPS, so the immediate earnings impact is limited.
  • Negative Sentiment: Carpenter Technology trades at a relatively elevated valuation, with a reported forward-looking price-to-earnings ratio above 40, while its share price is below its 50-day moving average. Investors may therefore be taking profits or demanding stronger near-term catalysts despite the improved long-term outlook.

About Carpenter Technology

(Get Free Report)

Carpenter Technology Corporation is a manufacturer of premium specialty alloys and engineered materials for demanding applications. The company develops and produces stainless steels, nickel- and cobalt-based alloys, titanium, powder metals, and other high-performance materials designed to withstand extreme temperatures, corrosion, wear, and stress.

Its products are used in the aerospace and defense, medical, energy, transportation, industrial, and consumer sectors. Carpenter also provides specialty manufacturing capabilities, including additive manufacturing powders, precision-engineered components, and materials tailored to specific customer requirements.

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