JPMorgan Chase & Co. Boosts Carpenter Technology (NYSE:CRS) Price Target to $470.00

Carpenter Technology (NYSE:CRS) had its price objective boosted by analysts at JPMorgan Chase & Co. from $465.00 to $470.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 9.53% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Susquehanna boosted their price target on Carpenter Technology from $470.00 to $495.00 and gave the company a “positive” rating in a report on Thursday. BTIG Research lifted their price objective on Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company started coverage on Carpenter Technology in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price for the company. KeyCorp raised their price target on Carpenter Technology from $380.00 to $453.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Finally, Wall Street Zen upgraded Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $435.33.

Carpenter Technology Trading Up 5.6%

Shares of NYSE CRS traded up $22.59 during midday trading on Thursday, reaching $429.12. 832,083 shares of the stock were exchanged, compared to its average volume of 809,007. The company has a market capitalization of $21.37 billion, a P/E ratio of 49.84, a P/E/G ratio of 1.65 and a beta of 1.24. Carpenter Technology has a 52-week low of $198.45 and a 52-week high of $459.18. The company has a current ratio of 4.25, a quick ratio of 2.26 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $403.50 and a 200-day moving average price of $349.77.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.18. Carpenter Technology had a net margin of 14.77% and a return on equity of 23.63%. The business had revenue of $655.60 million for the quarter, compared to the consensus estimate of $797.82 million. During the same quarter in the prior year, the firm posted $1.88 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. Equities research analysts expect that Carpenter Technology will post 10.29 earnings per share for the current fiscal year.

Insider Transactions at Carpenter Technology

In other news, Director Steven E. Karol sold 3,500 shares of Carpenter Technology stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $381.12, for a total value of $1,333,920.00. Following the transaction, the director directly owned 225,381 shares of the company’s stock, valued at $85,897,206.72. The trade was a 1.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP James D. Dee sold 15,800 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $391.78, for a total value of $6,190,124.00. Following the sale, the senior vice president owned 73,739 shares of the company’s stock, valued at $28,889,465.42. The trade was a 17.65% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 22,300 shares of company stock valued at $8,664,044. 2.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carpenter Technology

Several institutional investors have recently bought and sold shares of CRS. Geneos Wealth Management Inc. acquired a new stake in shares of Carpenter Technology in the second quarter worth $28,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Carpenter Technology during the 1st quarter worth $30,000. SJS Investment Consulting Inc. boosted its position in Carpenter Technology by 81.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 36 shares during the period. Armstrong Advisory Group Inc. increased its holdings in Carpenter Technology by 57.3% in the 4th 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. Finally, Root Financial Partners LLC purchased a new position in Carpenter Technology in the third quarter valued at about $41,000. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Carpenter Technology News

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

• Positive Sentiment: Company reported record quarterly operating income ($186.5M), record adjusted operating margins in Specialty Alloys (35.6%), accelerating aerospace & defense demand, $193.5M cash from operations, and raised FY26 operating income and free cash flow outlook — a clear driver for the stock’s strength. Carpenter Technology Reports Third Quarter Fiscal Year 2026 Results
• Positive Sentiment: Quarterly EPS of $2.77 topped consensus ($2.59), up from $1.88 a year ago — supports valuation and earnings momentum expectations. Carpenter Technology (CRS) Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: BTIG upgraded CRS to Buy and raised its price target to $450 — signals growing analyst confidence and likely supports further upside. Benzinga The Fly
• Neutral Sentiment: Company released slide deck, press release and hosted an earnings call; transcripts and presentation materials are now available for investors to dig into segment-level commentary and guidance. Q3 Slide Deck / Press Release
• Neutral Sentiment: Earnings call transcript and presentation coverage published across Seeking Alpha and Yahoo Finance — useful for assessing management tone on demand, pricing and capital allocation. Earnings Call Presentation Earnings Call Transcript
• Negative Sentiment: Revenue missed street expectations materially — $655.6M reported vs. ~$797.8M consensus — which tempers the beat and warrants watching end-market mix and bookings for durability. Carpenter: Fiscal Q3 Earnings Snapshot / Press Release

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.