Susquehanna Cuts Carpenter Technology (NYSE:CRS) Price Target to $600.00

Carpenter Technology (NYSE:CRS) had its target price dropped by stock analysts at Susquehanna from $680.00 to $600.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “positive” rating on the basic materials company’s stock. Susquehanna’s price objective indicates a potential upside of 19.57% from the stock’s previous close.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $500.00 price objective on shares of Carpenter Technology in a research report on Thursday, April 30th. BTIG Research raised their price objective on shares of Carpenter Technology from $450.00 to $620.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company boosted their target price on shares of Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a research report on Monday, May 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. Finally, KeyCorp raised their target price on Carpenter Technology from $459.00 to $644.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $568.00.

Carpenter Technology Trading Down 5.4%

CRS opened at $501.80 on Friday. Carpenter Technology has a twelve month low of $228.00 and a twelve month high of $625.98. The company has a quick ratio of 2.08, a current ratio of 3.73 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $551.23 and a 200-day moving average of $446.32. The stock has a market cap of $24.93 billion, a PE ratio of 52.82, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22.

Carpenter Technology (NYSE:CRS) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.14. The business had revenue of $679.70 million for the quarter, compared to analyst estimates of $863.33 million. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. Carpenter Technology’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.21 earnings per share. On average, sell-side analysts predict that Carpenter Technology will post 10.58 EPS for the current year.

Insiders Place Their Bets

In other Carpenter Technology news, Director Anastasios John Hart sold 750 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $423.86, for a total value of $317,895.00. Following the sale, the director directly owned 750 shares in the company, valued at $317,895. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Marshall D. Akins sold 11,815 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $441.36, for a total value of $5,214,668.40. Following the transaction, the vice president owned 18,344 shares of the company’s stock, valued at $8,096,307.84. The trade was a 39.18% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Carpenter Technology

A number of large investors have recently made changes to their positions in CRS. Jennison Associates LLC bought a new position in shares of Carpenter Technology in the first quarter valued at approximately $317,411,000. Sands Capital Management LLC purchased a new stake in shares of Carpenter Technology in the 4th quarter valued at about $195,731,000. Norges Bank bought a new position in shares of Carpenter Technology in the fourth quarter worth approximately $195,254,000. TOMS Capital Investment Management LP bought a new stake in Carpenter Technology during the second quarter valued at approximately $106,683,000. Finally, UBS Group AG raised its position in shares of Carpenter Technology by 171.2% during the 4th quarter. UBS Group AG now owns 606,501 shares of the basic materials company’s stock valued at $190,951,000 after buying an additional 382,865 shares in the last quarter. 92.03% of the stock is owned by institutional investors.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: BTIG raised its price target to $620 from $450 and upgraded CRS to “Buy,” implying approximately 23.6% upside from the referenced trading level. The higher target reflects continued confidence in Carpenter’s earnings outlook and demand for its specialty materials. Benzinga
• Positive Sentiment: Fiscal fourth-quarter earnings were stronger than expected: Carpenter reported adjusted EPS of $3.23, ahead of the $3.09 consensus cited by MarketBeat and up from $2.21 a year earlier. Revenue increased 12.6% year over year, while profitability remained solid, with a 15.82% net margin and 25.02% return on equity. Carpenter Technology Reports Fourth Quarter and Fiscal Year 2026 Results
• Neutral Sentiment: Management’s earnings call and fiscal-year results are likely to be closely evaluated for forward guidance, order trends and demand across Carpenter’s aerospace, defense and industrial end markets. Q4 2026 Earnings Call Transcript
• Negative Sentiment: Revenue was reported at $679.7 million, substantially below the $863.3 million estimate cited by MarketBeat, despite the year-over-year increase. That apparent top-line miss may offset the EPS beat and help explain pressure on the stock, particularly after its substantial run-up over the past year. Carpenter Fiscal Q4 Earnings Snapshot

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.