Carpenter Technology (NYSE:CRS) Hits New 1-Year High – Time to Buy?

Shares of Carpenter Technology Corporation (NYSE:CRS) hit a new 52-week high on Tuesday . The company traded as high as $355.00 and last traded at $348.1850, with a volume of 193087 shares changing hands. The stock had previously closed at $348.43.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: EPS beat and strong profitability — reported $2.33 EPS vs. ~$2.20 consensus and solid year‑over‑year EPS growth; company delivered record quarterly operating income and expanded margins, supporting near‑term earnings power. Carpenter Technology (CRS) Beats Q2 Earnings Estimates
• Positive Sentiment: Management raised full‑year operating income guidance after the quarter and highlighted accelerating aerospace & defense demand plus several signed long‑term aerospace agreements — points that could support revenue and margins over the next 12–24 months. Carpenter Technology Reports Second Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Earnings-call color and slides provide more detail on bookings, pricing and segment performance — useful for assessing whether the revenue miss is transitory (timing/mix) or indicative of weaker demand. Review the transcript and slide deck for specifics. Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Key profitability metrics remain healthy (ROE ~22.7%, net margin ~14.3%) which supports longer‑term fundamentals even as top‑line growth lags consensus. Returns On Capital Analysis
• Negative Sentiment: Material revenue miss — reported revenue $589.1M vs. analyst expectations around $733.8M. That gap likely drove investor concern about demand, order timing or product mix despite the EPS beat. Compared to Estimates, Carpenter (CRS) Q2 Earnings
• Negative Sentiment: High intraday volume and a relatively rich valuation (PE ~38) amplify downside risk when top‑line disappoints — investors may be re‑rating shares until revenue growth visibility improves. MarketBeat Earnings Summary & Metrics

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRS. Jones Trading started coverage on Carpenter Technology in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $400.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Carpenter Technology in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a $425.00 target price on Carpenter Technology and gave the stock a “buy” rating in a research report on Friday, October 24th. BTIG Research upped their target price on Carpenter Technology from $305.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Finally, Zacks Research downgraded shares of Carpenter Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 1st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Carpenter Technology has a consensus rating of “Moderate Buy” and an average target price of $371.14.

Carpenter Technology Stock Down 6.5%

The firm has a fifty day moving average price of $324.36 and a 200 day moving average price of $286.35. The company has a market cap of $15.45 billion, a P/E ratio of 37.91, a PEG ratio of 1.46 and a beta of 1.29. The company has a quick ratio of 2.37, a current ratio of 4.44 and a debt-to-equity ratio of 0.36.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Thursday, January 29th. The basic materials company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. Carpenter Technology had a net margin of 14.30% and a return on equity of 22.68%. The firm had revenue of $589.10 million during the quarter, compared to analysts’ expectations of $733.76 million. During the same quarter last year, the company posted $1.66 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Carpenter Technology Corporation will post 6.83 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, January 27th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, January 27th. Carpenter Technology’s dividend payout ratio (DPR) is 9.78%.

Insider Activity

In related news, COO Brian J. Malloy sold 43,688 shares of Carpenter Technology stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $304.45, for a total value of $13,300,811.60. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Elizabeth A. Socci sold 3,900 shares of Carpenter Technology stock in a transaction that occurred 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 sale, the vice president owned 9,594 shares of the company’s stock, valued at approximately $3,082,072.50. This represents a 28.90% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 79,358 shares of company stock worth $24,254,008. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Carpenter Technology

Institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in Carpenter Technology by 43.3% in the 2nd quarter. Prudential Financial Inc. now owns 56,082 shares of the basic materials company’s stock valued at $15,500,000 after buying an additional 16,954 shares during the last quarter. Schroder Investment Management Group raised 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 acquiring an additional 5,757 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new stake in Carpenter Technology in the third quarter valued at $797,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Carpenter Technology by 15.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 550,055 shares of the basic materials company’s stock valued at $138,328,000 after purchasing an additional 71,872 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Carpenter Technology during the second quarter worth about $1,460,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

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.