Carpenter Technology (NYSE:CRS) Price Target Raised to $394.00 at JPMorgan Chase & Co.

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 report issued on Friday,Benzinga reports. The firm currently 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 stock’s current price.

Other equities analysts also recently issued research reports about the company. Jones Trading began coverage on Carpenter Technology in a research report on Wednesday, October 22nd. They set a “buy” rating and a $400.00 price target on the stock. BTIG Research increased their target price on Carpenter Technology from $365.00 to $375.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen reissued a “buy” rating on shares of Carpenter Technology in a research note on Friday, November 14th. Weiss Ratings restated a “buy (b)” rating on shares of Carpenter Technology in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft set a $425.00 price objective on shares of Carpenter Technology and gave the company a “buy” rating in a report on Friday, October 24th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.43.

Carpenter Technology Stock Performance

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

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported $2.33 earnings per share for the quarter, beating 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 analysts’ expectations of $733.76 million. During the same quarter in the previous year, the company earned $1.66 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts forecast that Carpenter Technology will post 6.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Elizabeth A. Socci sold 3,900 shares of Carpenter Technology stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $321.25, for a total transaction of $1,252,875.00. Following the sale, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brian J. Malloy sold 4,130 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $303.52, for a total value of $1,253,537.60. Following the completion of the transaction, the chief operating officer owned 78,875 shares in the company, valued at $23,940,140. This represents a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 79,358 shares of company stock valued at $24,254,008 in the last 90 days. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Carpenter Technology

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new position in Carpenter Technology in the 2nd quarter valued at about $28,000. Armstrong Advisory Group Inc. grew its holdings in shares of Carpenter Technology by 57.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 43 shares in the last quarter. Spire Wealth Management increased its stake in Carpenter Technology by 164.7% during the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock worth $42,000 after buying an additional 84 shares during the period. Headlands Technologies LLC acquired a new stake in Carpenter Technology during the 2nd quarter worth approximately $43,000. Finally, Rakuten Securities Inc. purchased a new position in Carpenter Technology in the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Trending Headlines about Carpenter Technology

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

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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.