Carpenter Technology Co. (NYSE:CRS - Free Report) - Stock analysts at Zacks Research upped their FY2026 earnings estimates for shares of Carpenter Technology in a research report issued on Monday, April 21st. Zacks Research analyst S. Deb now anticipates that the basic materials company will earn $7.85 per share for the year, up from their previous forecast of $7.84. The consensus estimate for Carpenter Technology's current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Carpenter Technology's Q3 2027 earnings at $2.25 EPS and FY2027 earnings at $9.21 EPS.
Carpenter Technology (NYSE:CRS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.14. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. The business had revenue of $727.00 million for the quarter, compared to the consensus estimate of $729.67 million.
Other equities analysts also recently issued research reports about the stock. BTIG Research set a $230.00 price target on shares of Carpenter Technology in a report on Friday, January 31st. Northcoast Research upgraded Carpenter Technology from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Carpenter Technology from $235.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $167.17.
Check Out Our Latest Stock Report on Carpenter Technology
Carpenter Technology Stock Performance
Carpenter Technology stock traded down $0.70 during trading on Tuesday, reaching $198.70. The company had a trading volume of 1,034,295 shares, compared to its average volume of 753,418. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. The firm's 50-day simple moving average is $183.39 and its 200 day simple moving average is $181.90. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 0.93 and a beta of 1.28. Carpenter Technology has a 52 week low of $82.46 and a 52 week high of $213.66.
Carpenter Technology announced that its Board of Directors has authorized a stock buyback plan on Thursday, April 24th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
Carpenter Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, April 22nd will be paid a $0.20 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. Carpenter Technology's payout ratio is currently 11.33%.
Institutional Trading of Carpenter Technology
Several hedge funds have recently made changes to their positions in the business. Kestra Investment Management LLC bought a new stake in Carpenter Technology during the fourth quarter worth approximately $25,000. Bessemer Group Inc. increased its position in shares of Carpenter Technology by 50.3% during the 1st quarter. Bessemer Group Inc. now owns 230 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 77 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of Carpenter Technology during the 4th quarter valued at approximately $44,000. CIBC Private Wealth Group LLC raised its holdings in Carpenter Technology by 109.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 243 shares of the basic materials company's stock valued at $45,000 after buying an additional 127 shares during the period. Finally, UMB Bank n.a. lifted its position in Carpenter Technology by 169.0% in the fourth quarter. UMB Bank n.a. now owns 304 shares of the basic materials company's stock worth $52,000 after buying an additional 191 shares during the last quarter. 92.03% of the stock is currently owned by hedge funds and other institutional investors.
About Carpenter Technology
(
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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.
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