Zacks Research Analysts Increase Earnings Estimates for CRS

Carpenter Technology Corporation (NYSE:CRS) – Equities researchers at Zacks Research boosted their Q4 2027 earnings per share estimates for Carpenter Technology in a report released on Friday, September 11th. Zacks Research analyst Team now anticipates that the basic materials company will earn $3.59 per share for the quarter, up from their prior forecast of $3.58. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Carpenter Technology’s current full-year earnings is $13.28 per share. Zacks Research also issued estimates for Carpenter Technology’s Q1 2028 earnings at $3.39 EPS, Q2 2028 earnings at $3.58 EPS, Q3 2028 earnings at $4.04 EPS, Q4 2028 earnings at $4.23 EPS, FY2028 earnings at $15.24 EPS and FY2029 earnings at $18.81 EPS.

Several other research analysts also recently commented on CRS. JPMorgan Chase & Co. dropped their target price on shares of Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. BTIG Research upped their price target on shares of Carpenter Technology from $450.00 to $620.00 and gave the company a “buy” rating in a report on Friday, July 31st. TD Cowen upped their price target on shares of Carpenter Technology from $470.00 to $650.00 and gave the company a “buy” rating in a report on Monday, July 13th. Susquehanna lowered their price target on Carpenter Technology from $680.00 to $600.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. Finally, KeyCorp dropped their price objective on Carpenter Technology from $644.00 to $608.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $577.25.

Carpenter Technology Price Performance

Shares of Carpenter Technology stock opened at $415.72 on Monday. The company has a current ratio of 3.81, a quick ratio of 2.23 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $523.71 and a 200-day simple moving average of $480.88. The stock has a market capitalization of $20.60 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 1.49 and a beta of 1.26. Carpenter Technology has a 1-year low of $228.00 and a 1-year high of $625.98.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, beating the consensus estimate of $3.09 by $0.14. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The company had revenue of $679.70 million for the quarter, compared to the consensus estimate of $863.33 million. During the same quarter last year, the company posted $2.21 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year.

Hedge Funds Weigh In On Carpenter Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC raised its stake in Carpenter Technology by 1.7% during the second quarter. Wealthcare Advisory Partners LLC now owns 1,148 shares of the basic materials company’s stock worth $708,000 after acquiring an additional 19 shares in the last quarter. Essential Partners LLC lifted its holdings 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 valued at $149,000 after acquiring an additional 34 shares during the period. SJS Investment Consulting Inc. boosted its stake in shares of Carpenter Technology by 81.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 36 shares in the last quarter. TrueWealth Advisors LLC boosted its stake in shares of Carpenter Technology by 1.3% in the 2nd quarter. TrueWealth Advisors LLC now owns 2,789 shares of the basic materials company’s stock valued at $1,720,000 after purchasing an additional 36 shares in the last quarter. Finally, Severin Investments LLC grew its holdings in shares of Carpenter Technology by 1.8% in the 1st quarter. Severin Investments LLC now owns 2,190 shares of the basic materials company’s stock worth $863,000 after purchasing an additional 39 shares during the last quarter. 92.03% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Steven E. Karol sold 3,275 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $474.08, for a total value of $1,552,612.00. Following the completion of the transaction, the director directly owned 177,000 shares of the company’s stock, valued at $83,912,160. This trade represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tony R. Thene sold 57,456 shares of Carpenter Technology stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $483.90, for a total transaction of $27,802,958.40. Following the sale, the chief executive officer owned 439,631 shares in the company, valued at $212,737,440.90. This represents a 11.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 112,996 shares of company stock worth $54,644,436. Company insiders own 2.90% of the company’s stock.

Carpenter Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 25th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Carpenter Technology’s payout ratio is currently 7.60%.

Carpenter Technology Company Profile

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

Its products are used in the aerospace and defense, medical, energy, transportation, industrial, and consumer sectors. Carpenter also provides specialty manufacturing capabilities, including additive manufacturing powders, precision-engineered components, and materials tailored to specific customer requirements.