Carpenter Technology (NYSE:CRS) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of Carpenter Technology (NYSE:CRS) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports. Zacks Research also issued estimates for Carpenter Technology’s Q1 2026 earnings at $2.09 EPS, Q3 2026 earnings at $2.45 EPS, Q4 2026 earnings at $2.79 EPS, FY2026 earnings at $9.45 EPS, Q2 2027 earnings at $2.60 EPS, Q3 2027 earnings at $3.04 EPS, FY2027 earnings at $11.56 EPS and FY2028 earnings at $13.82 EPS.

Other equities research analysts also recently issued research reports about the company. Cowen reaffirmed a “buy” rating on shares of Carpenter Technology in a report on Thursday, June 12th. JPMorgan Chase & Co. lifted their target price on Carpenter Technology from $245.00 to $305.00 and gave the stock an “overweight” rating in a report on Tuesday, June 17th. Benchmark lifted their target price on Carpenter Technology from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Carpenter Technology in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $278.33.

Carpenter Technology Price Performance

Shares of NYSE CRS opened at $246.94 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.01 and a current ratio of 3.65. The company has a market cap of $12.31 billion, a PE ratio of 33.28, a P/E/G ratio of 1.14 and a beta of 1.46. The business has a 50-day simple moving average of $247.62 and a two-hundred day simple moving average of $232.72. Carpenter Technology has a fifty-two week low of $138.61 and a fifty-two week high of $290.84.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.18. The business had revenue of $755.60 million during the quarter, compared to the consensus estimate of $790.73 million. Carpenter Technology had a return on equity of 21.50% and a net margin of 13.07%.The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.82 earnings per share. As a group, equities analysts expect that Carpenter Technology will post 6.83 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Tuesday, August 26th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $0.80 dividend on an annualized basis and a yield of 0.3%. Carpenter Technology’s payout ratio is presently 10.78%.

Insider Buying and Selling at Carpenter Technology

In other Carpenter Technology news, CEO Tony R. Thene sold 19,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $244.99, for a total value of $4,654,810.00. Following the completion of the transaction, the chief executive officer directly owned 535,019 shares of the company’s stock, valued at approximately $131,074,304.81. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven E. Karol sold 3,433 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $245.78, for a total value of $843,762.74. Following the completion of the transaction, the director directly owned 180,000 shares of the company’s stock, valued at $44,240,400. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,124 shares of company stock valued at $6,890,250. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. purchased a new stake in shares of Carpenter Technology in the second quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new stake in shares of Carpenter Technology in the second quarter valued at approximately $43,000. Rakuten Securities Inc. purchased a new stake in shares of Carpenter Technology in the second quarter valued at approximately $45,000. Rise Advisors LLC purchased a new stake in shares of Carpenter Technology in the first quarter valued at approximately $31,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of Carpenter Technology in the first quarter valued at approximately $36,000. 92.03% of the stock is owned by institutional investors and hedge funds.

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.