Carpenter Technology (NYSE:CRS) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Carpenter Technology to “buy” from “hold.” Overall analyst sentiment is “Moderate Buy,” with seven Buy ratings, two Holds and an average price target of $476.43.
• Carpenter Technology beat quarterly EPS expectations, reporting $3.25 versus the $3.04 consensus, while revenue rose 8.8% year over year to $634.8 million. However, revenue fell well short of the $830.9 million estimate, contributing to a 2.6% stock decline.
• Management cited stronger aerospace demand, pricing gains and productivity improvements, while maintaining its fiscal 2027 free-cash-flow outlook of $400 million–$430 million. Several analysts lowered price targets but retained Buy or positive ratings.

Carpenter Technology (NYSE:CRS - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

CRS has been the topic of a number of other research reports. BTIG Research decreased their target price on shares of Carpenter Technology from $620.00 to $470.00 and set a "buy" rating on the stock in a research note on Friday. Weiss Ratings downgraded Carpenter Technology from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday. Susquehanna reaffirmed a "positive" rating and set a $450.00 price objective on shares of Carpenter Technology in a report on Friday. Zacks Research cut Carpenter Technology from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 15th. Finally, KeyCorp decreased their price target on shares of Carpenter Technology from $608.00 to $465.00 and set an "overweight" rating on the stock in a research note on Thursday, October 8th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Carpenter Technology currently has an average rating of "Moderate Buy" and an average price target of $476.43.

Carpenter Technology Trading Down 2.6%

Carpenter Technology stock opened at $284.64 on Friday. Carpenter Technology has a 12 month low of $278.17 and a 12 month high of $625.98. The business's fifty day simple moving average is $423.06 and its two-hundred day simple moving average is $478.73. The company has a market capitalization of $14.11 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.29. The company has a current ratio of 3.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32.

Carpenter Technology (NYSE:CRS - Get Free Report) last issued its earnings results on Thursday, October 22nd. The basic materials company reported $3.25 EPS for the quarter, beating the consensus estimate of $3.04 by $0.21. The business had revenue of $634.80 million for the quarter, compared to the consensus estimate of $830.85 million. Carpenter Technology had a return on equity of 27.50% and a net margin of 17.87%. The company's revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business posted $2.43 EPS. As a group, equities analysts predict that Carpenter Technology will post 13.30 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Steven Karol sold 3,275 shares of the firm's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $474.08, for a total transaction of $1,552,612.00. Following the sale, the director directly owned 177,000 shares in the company, valued at $83,912,160. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ramin Younessi sold 438 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $493.15, for a total value of $215,999.70. Following the sale, the director owned 1,953 shares of the company's stock, valued at approximately $963,121.95. This trade represents a 18.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 112,996 shares of company stock valued at $54,644,436 over the last ninety days. Company insiders own 2.90% of the company's stock.

Institutional Trading of Carpenter Technology

Several hedge funds have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC lifted its holdings in Carpenter Technology by 1.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,148 shares of the basic materials company's stock worth $708,000 after buying an additional 19 shares in the last quarter. Essential Partners LLC boosted its stake in shares of Carpenter Technology by 9.9% during the first quarter. Essential Partners LLC now owns 378 shares of the basic materials company's stock worth $149,000 after buying an additional 34 shares during the period. SJS Investment Consulting Inc. raised its holdings in Carpenter Technology by 81.8% during the first quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company's stock worth $32,000 after purchasing an additional 36 shares in the last quarter. TrueWealth Advisors LLC boosted its holdings in Carpenter Technology by 1.3% during the second quarter. TrueWealth Advisors LLC now owns 2,789 shares of the basic materials company's stock worth $1,720,000 after buying an additional 36 shares in the last quarter. Finally, Mezzasalma Advisors LLC boosted its position in shares of Carpenter Technology by 0.3% in the 3rd quarter. Mezzasalma Advisors LLC now owns 14,518 shares of the basic materials company's stock worth $5,645,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors 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: Carpenter Technology reported fiscal first-quarter adjusted EPS of $3.25, above the $3.04 consensus and up from $2.43 a year earlier. Record quarterly operating income increased 28% year over year, supported by productivity improvements, favorable product mix and pricing actions. Carpenter Technology Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: Management highlighted accelerating commercial aerospace demand, stronger bookings, pricing gains and productivity benefits. Carpenter maintained its fiscal 2027 free-cash-flow outlook of $400 million to $430 million and established a fiscal 2029 operating-income target of $1.2 billion to $1.3 billion. CRS Q1 Earnings Call Highlights Aerospace Demand and Pricing Gains
• Neutral Sentiment: Deutsche Bank and BTIG Research lowered their CRS price targets to $361 and $470, respectively, but both retained Buy ratings. The reductions suggest analysts remain positive on the long-term story while acknowledging greater near-term valuation or execution concerns. Deutsche Bank Adjusts Carpenter Technology Price Target
• Neutral Sentiment: Carpenter named Jed Freeman as its next general counsel, a routine leadership transition with limited immediate earnings implications. Carpenter Technology Names Jed Freeman as Next General Counsel
• Negative Sentiment: Quarterly revenue of $634.8 million was well below the roughly $830.9 million analyst estimate, despite increasing 8.8% year over year. Investors appear to be treating the sales miss and high valuation as more important than the EPS beat, driving the stock lower after earnings. Why Carpenter Technology Stock Crashed After Earnings

Carpenter Technology Company Profile

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

Its products are used in aerospace and defense, medical devices, energy, transportation, industrial equipment, and other specialized markets. Carpenter Technology supplies materials in forms such as bar, wire, strip, sheet, and powder, and also provides processing and engineered component solutions through its performance-engineered products operations.

Founded in 1889 as Carpenter Steel Company, the company has developed a global customer base supported by manufacturing, research, and service operations in the United States and international markets.

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