Carpenter Technology Corporation (NYSE:CRS) Stock Has Consensus Target Price of $526.88

Posted by Geri Gentry on Oct 16th, 2026

Shares of Carpenter Technology Corporation (NYSE:CRS – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $504.38.

A number of brokerages have recently weighed in on CRS. JPMorgan Chase & Co. reduced their price target on shares of Carpenter Technology from $700.00 to $520.00 and set an “overweight” rating on the stock in a research report on Wednesday. BTIG Research lifted their target price on Carpenter Technology from $450.00 to $620.00 and gave the stock a “buy” rating in a report on Friday, July 31st. TD Cowen decreased their price objective on Carpenter Technology from $650.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, October 9th. KeyCorp decreased their price objective on Carpenter Technology from $608.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Finally, Susquehanna decreased their price objective on Carpenter Technology from $680.00 to $600.00 and set a “positive” rating for the company in a report on Friday, July 31st.

Read Our Latest Stock Analysis on CRS

Carpenter Technology Stock Performance

CRS stock opened at $380.70 on Tuesday. The business’s fifty day moving average is $447.16 and its 200-day moving average is $481.28. The company has a quick ratio of 2.23, a current ratio of 3.81 and a debt-to-equity ratio of 0.31. The company has a market cap of $18.87 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 1.34 and a beta of 1.29. Carpenter Technology has a twelve month low of $233.77 and a twelve month high of $625.98.

Carpenter Technology (NYSE:CRS – Get Free Report) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.14. The company had revenue of $679.70 million during the quarter, compared to analyst estimates of $863.33 million. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.21 EPS. Equities research analysts forecast that Carpenter Technology will post 13.27 EPS for the current year.

Carpenter Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Tuesday, October 20th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, October 20th. Carpenter Technology’s payout ratio is currently 7.60%.

Insider Activity

In other news, Director Ramin Younessi sold 438 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $493.15, for a total transaction of $215,999.70. Following the completion of the sale, the director owned 1,953 shares in the company, valued at approximately $963,121.95. This trade represents a 18.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tony Thene sold 57,456 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total transaction of $27,802,958.40. Following the completion of the transaction, the chief executive officer directly owned 439,631 shares in the company, valued at approximately $212,737,440.90. This represents a 11.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 112,996 shares of company stock valued at $54,644,436 over the last ninety days. 2.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carpenter Technology

A number of large investors have recently added to or reduced their stakes in CRS. Keating Financial Advisory Services Inc. acquired a new position in Carpenter Technology in the second quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. bought a new position in Carpenter Technology in the 1st quarter valued at about $30,000. SJS Investment Consulting Inc. increased its holdings in 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 buying an additional 36 shares during the period. Hollencrest Capital Management bought a new stake in shares of Carpenter Technology during the 1st quarter worth approximately $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Carpenter Technology by 43.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 133 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Company Profile

(Get Free Report)

Carpenter Technology Corporation is a manufacturer of specialty metals and engineered products for applications that require high performance, durability, and resistance to extreme conditions. Founded in 1889, the company produces stainless steels, nickel- and cobalt-based alloys, titanium alloys, and other specialty materials.

Its product offerings include specialty wire, rod, bar, strip, billet, and powder, as well as precision-engineered components and additive-manufacturing materials.