Carpenter Technology (NYSE:CRS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Carpenter Technology (NYSE:CRS) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $388.00 to $394.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 24.11% from the company’s current price.

CRS has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft set a $425.00 target price on Carpenter Technology and gave the company a “buy” rating in a report on Friday, October 24th. KeyCorp raised Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price objective for the company in a research report on Thursday, November 13th. TD Cowen reiterated a “buy” rating on shares of Carpenter Technology in a report on Friday, November 14th. Weiss Ratings restated a “buy (b)” rating on shares of Carpenter Technology in a research note on Tuesday. Finally, BTIG Research upped their price target on Carpenter Technology from $365.00 to $375.00 and gave the company a “buy” rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $373.43.

Carpenter Technology Stock Up 2.3%

Shares of Carpenter Technology stock traded up $7.07 on Friday, reaching $317.46. 855,807 shares of the company were exchanged, compared to its average volume of 902,498. The stock’s 50 day moving average price is $324.43 and its 200-day moving average price is $286.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.44 and a quick ratio of 2.37. Carpenter Technology has a 1-year low of $138.61 and a 1-year high of $355.00. The company has a market cap of $15.82 billion, a P/E ratio of 38.81, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results on Thursday, January 29th. The basic materials company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. Carpenter Technology had a net margin of 14.30% and a return on equity of 22.68%. The company had revenue of $589.10 million during the quarter, compared to the consensus estimate of $733.76 million. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts forecast that Carpenter Technology will post 6.83 EPS for the current year.

Insider Transactions at Carpenter Technology

In related news, COO Brian J. Malloy sold 43,688 shares of Carpenter Technology stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $304.45, for a total value of $13,300,811.60. Following the transaction, the chief operating officer directly owned 78,875 shares in the company, valued at $24,013,493.75. This trade represents a 35.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Elizabeth A. Socci sold 3,900 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $321.25, for a total transaction of $1,252,875.00. Following the transaction, the vice president owned 9,594 shares of the company’s stock, valued at approximately $3,082,072.50. The trade was a 28.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 79,358 shares of company stock worth $24,254,008. Corporate insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. raised its position in shares of Carpenter Technology by 43.3% during the 2nd quarter. Prudential Financial Inc. now owns 56,082 shares of the basic materials company’s stock worth $15,500,000 after purchasing an additional 16,954 shares during the last quarter. Schroder Investment Management Group increased its position in Carpenter Technology by 11.1% during the second quarter. Schroder Investment Management Group now owns 57,625 shares of the basic materials company’s stock worth $15,926,000 after buying an additional 5,757 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new position in shares of Carpenter Technology in the third quarter worth $797,000. Allspring Global Investments Holdings LLC lifted its position in shares of Carpenter Technology by 15.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 550,055 shares of the basic materials company’s stock valued at $138,328,000 after acquiring an additional 71,872 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Carpenter Technology during the 2nd quarter worth about $1,460,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology News Roundup

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

• Positive Sentiment: Q2 results: EPS topped estimates ($2.33 vs. $2.20 consensus) and the company reported record quarterly operating income and expanded margins; management raised full-year operating income guidance — a clear earnings-quality positive. Carpenter Technology Reports Second Quarter Fiscal Year 2026 Results
• Positive Sentiment: End-market momentum and contracts: Management highlighted accelerating demand in aerospace & defense, higher sequential bookings and completion of several long‑term aerospace agreements — supports revenue visibility and long-term margin expansion. Carpenter Books Big Agreements
• Positive Sentiment: Analyst upgrade/price-target lift: BTIG raised its price target from $365 to $375 and maintained a Buy — an analyst endorsement that can support further buying interest. CRS: Price Target Raised by BTIG
• Neutral Sentiment: Investor materials/transcripts available: The company posted the slide deck and conference-call transcript; investors can review management commentary on margins, backlog and guidance for details. Listen to Conference Call / View Press Release
• Negative Sentiment: Revenue miss: Reported revenue of $589.1M fell well short of analyst estimates (~$733.8M), which is a cautionary datapoint — revenue growth was modest (up 7.5% YoY) despite stronger margins. This divergence could limit upside if top‑line trends don’t accelerate. MarketBeat: Earnings Summary and Materials

About Carpenter Technology

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.