Carpenter Technology Corp (CRS) Trading 2.89% Higher on Feb 20
Shares of Carpenter Technology Corp (CRS) surged 2.89% on Feb 20, reaching an intraday high of $397.43 before closing at $395.07. Wall Street analysts have an average target price of $369.71 for CRS, indicating a potential downside, while GuruFocus estimates a fair value of $171.50, suggesting a significant downside. The stock is currently rated as "Outperform" by brokerage firms.
Carpenter Technology stock reaches all-time high at 390.9 USD
Carpenter Technology Corp (CRS) stock has reached an all-time high of $390.9, trading just 1% below its 52-week high, reflecting strong investor confidence and an 85% total return over the past year. Despite this, InvestingPro analysis suggests the stock is currently overvalued, although the company maintains a "GREAT" financial health score and has consistently paid dividends for 56 years. Recent news includes beating Q2 2026 EPS forecasts and a planned leadership change with Brian Malloy becoming CEO.
Carpenter Technology (CRS) Reports Strong Q2 2026 Earnings, Specialty Alloys Lead Growth
Carpenter Technology (CRS) reported strong Q2 fiscal year 2026 earnings, with operating income rising 31% to $155.2 million. The Specialty Alloys Operations (SAO) division saw a 29% increase in operating income and achieved a historical high adjusted operating margin of 33.1%. Aerospace and Defense remains a core growth driver, while the company updated its full-year adjusted operating income estimate to $680-700 million and set a target of $765-800 million for fiscal year 2027.
Carpenter Technology (CRS) Reports Strong Q2 2026 Earnings, Specialty Alloys Lead Growth
Carpenter Technology Corporation (NYSE: CRS) announced strong Q2 2026 earnings, with operating income rising 31% to $155.2 million. The Specialty Alloys Operations (SAO) division was a key driver, achieving a record adjusted operating margin of 33.1% and increasing operating income by 29%. Aerospace and Defense continues to be a primary growth area, accounting for 65% of net sales and showing a 15% year-over-year increase.
Carpenter Technology (CRS) plans 2026 CEO handoff to Brian Malloy
Carpenter Technology (CRS) has announced a leadership transition plan for 2026, where current President and Chief Operating Officer Brian Malloy will succeed Tony R. Thene as CEO on July 1, 2026. Thene will transition to Executive Chairman, continuing to provide strategic guidance and maintain key stakeholder relationships. This move is characterized as an orderly, long-lead transition, aiming for leadership continuity and sustained strategic direction.
Here’s Why Carpenter Technology Corporation (CRS) Traded Lower in Q3
This article discusses the Q3 trading performance of Carpenter Technology Corporation (CRS), noting a decline in its stock value this quarter. It delves into the potential reasons for this downturn, which could include market sentiment, company-specific news, or broader economic factors affecting the specialty metals industry. The analysis aims to provide insight into what contributed to CRS's lower trading price.
Carpenter Technology Announces CEO Transition Plan: Brian Malloy to Succeed Tony Thene as Chief Executive Officer on July 1, 2026; Tony Thene to Continue as Executive Chairman
Carpenter Technology Corporation has announced a CEO transition plan, with Brian Malloy, currently President & COO, slated to become CEO on July 1, 2026. Current Chairman and CEO Tony Thene will transition to Executive Chairman, focusing on strategy and stakeholder relationships. The succession plan highlights the company's strong internal leadership and commitment to its strategic vision.
Carpenter Technology Announces CEO Transition Plan: Brian Malloy to Succeed Tony Thene as Chief Executive Officer on July 1, 2026; Tony Thene to Continue as Executive Chairman
Carpenter Technology Corporation announced that Brian Malloy, current President & Chief Operating Officer, will become CEO on July 1, 2026. Tony Thene, the current Chairman and CEO, will transition to Executive Chairman of the Board. This leadership change is designed to ensure continuity and further the company's strategic growth, leveraging Malloy's operational expertise and Thene's continued guidance in strategy and stakeholder relationships.
Carpenter Technology Corporation Appoints Brian Malloy as Next CEO, Effective July 1, 2026
Carpenter Technology Corporation has announced Brian Malloy as its next CEO, effective July 1, 2026, succeeding Tony Thene who will become Executive Chairman. Malloy, currently President & Chief Operating Officer, brings a decade of experience and a strong track record to the role. The company anticipates continued growth under Malloy's leadership, maintaining its strategic vision and focus on high-value markets, while Thene provides ongoing strategic oversight.
Carpenter COO Brian Malloy, 10-year veteran, set to take CEO role in 2026
Carpenter Technology (NYSE: CRS) announced that Brian Malloy, currently President & COO, will become CEO on July 1, 2026. Tony Thene, the current Chairman and CEO, will transition to Executive Chairman to provide strategic guidance. Malloy has been with the company for 10 years, serving as COO since 2023, and his appointment is seen as ensuring continuity and leveraging his operational expertise.
Here’s Why Carpenter Technology Corporation (CRS) Traded Lower in Q3
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A Look At Carpenter Technology (CRS) Valuation After Raised Guidance And Strong Quarterly Earnings
Carpenter Technology (CRS) is gaining attention after strong quarterly earnings and raised guidance for Q3 and fiscal year 2026, leading to significant share price returns. The company's fair value is estimated at $382.37, attributing an "undervalued" status based on long-term assumptions and strong demand for power generation materials. However, its P/E ratio of 41.8x suggests rich pricing compared to peers and its own fair ratio, indicating potential valuation risk if expectations soften.
Should Carpenter Technology Be Part of Your Portfolio Post Q2 Results?
Carpenter Technology (CRS) reported strong fiscal second-quarter 2026 results with significant year-over-year growth in revenue and earnings, driven by improved product mix and operating efficiencies. The company expects continued operating income growth and substantial free cash flow, supported by its brownfield expansion project and strong demand in Aerospace and Defense. Despite a premium valuation compared to peers, its strong performance, positive earnings estimate revisions, and Zacks Rank #2 (Buy) suggest it could be a valuable addition to an investment portfolio.
Senator Markwayne Mullin Discloses New Purchase of Carpenter Technology Stock
Senator Markwayne Mullin has disclosed two new purchases of Carpenter Technology Corporation ($CRS) stock, each valued between $15,001 and $50,000. These transactions occurred on January 5, 2026. Carpenter Technology supplies specialty alloys and engineered metals crucial for aerospace, defense, medical, and industrial sectors, with Senator Mullin serving on the Senate Armed Services Committee, a body with oversight over policies relevant to Carpenter Technology's operations.
CRS SEC Filings - Carpenter Technology Corp 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for Carpenter Technology Corporation (NYSE: CRS) SEC filings, including annual 10-K reports, quarterly 10-Q earnings, 8-K material events, and insider trading forms. Recent filings detail a $700 million senior notes offering, an amended credit agreement, and various insider transactions involving RSU vesting and share sales. The page also includes financial data, board changes, and operational highlights like record margins and cash flow for fiscal 2025.
Carpenter Technology stock hits all-time high at 356.19 USD By Investing.com
Carpenter Technology's stock has reached an all-time high of $356.19, continuing to climb to $362.29, reflecting strong market confidence and an 84.04% return over the past year. Despite a high P/E ratio, its PEG ratio suggests reasonable valuation for growth, with analysts maintaining a "Strong Buy" recommendation. The company maintained dividend payments for 56 consecutive years, demonstrating resilience despite recent Q2 fiscal year 2026 earnings beating forecasts but experiencing a pre-market decline due to revised operating income guidance.
Allianz Asset Management GmbH Sells 7,715 Shares of Carpenter Technology Corporation $CRS
Allianz Asset Management GmbH has reduced its stake in Carpenter Technology Corporation (NYSE:CRS) by 6.3% in the third quarter, selling 7,715 shares and now owning 113,823 shares valued at approximately $27.95 million. Analyst sentiment for CRS is largely positive with a "Moderate Buy" consensus and a price target of $373.43, yet insiders have been selling shares. The company recently surpassed EPS estimates but missed revenue expectations and declared a $0.20 quarterly dividend.
Carpenter Technology stock hits all-time high at 356.19 USD
Carpenter Technology (CRS) stock reached an all-time high of $356.19, continuing to climb to $362.29, marking an impressive 1-year total return of 84.04%. Despite trading at a high P/E ratio, its PEG ratio indicates reasonable valuation, and analysts maintain a "Strong Buy" recommendation. The company recently surpassed Q2 fiscal year 2026 earnings forecasts but experienced a pre-market decline due to revised operating income guidance.
Carpenter Technology (CRS) Is Up 12.3% After Raising FY26 Income Outlook And Completing Buyback Program
Carpenter Technology (CRS) saw its stock rise 12.3% after reporting higher sales and profitability in Q2 fiscal 2026, raising its full-year FY26 operating income outlook to US$680 million to US$700 million, and completing a US$183.09 million share repurchase program. While these factors reinforce its investment narrative and shareholder returns focus, the company faces risks associated with a high price-to-earnings multiple, significant insider selling, and earnings growth forecasts not far above the broader market. Investors are advised to consider the underlying risks and catalysts, as evidenced by diverse fair value estimates among the Simply Wall St Community.
Carpenter Technology Corp (CRS) Stock Price, Quote, News & History
This Benzinga article provides a comprehensive overview of Carpenter Technology (CRS) stock, including its current price, key statistics, financial data, and recent news. It highlights the company's financial performance, analyst ratings, and details its industry and sector, positioning it as a specialty metals supplier for various markets. The article also answers common investor questions about buying CRS stock, competitors, price targets, dividends, earnings, and upcoming splits.
Carpenter Technology Q2 Earnings Beat Expectations, Boosts Price Targets
Carpenter Technology (NYSE: CRS) reported strong Q2 earnings, with diluted EPS rising to $2.33 from $1.66 a year prior and revenue reaching $728M, exceeding expectations. The company's stock jumped 7.32% due to advancements in additive manufacturing and increasing demand from the aerospace and defense sectors, leading analysts like Deutsche Bank to raise price targets to $437. CRS has also raised its operating income forecast for fiscal year 2026 to $680M-$700M, driven by robust fiscal performance and new aerospace agreements, indicating a positive outlook for the company.
Carpenter Technology delivers record quarter as aerospace demand surges
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Carpenter Technology Delivers Record Quarter as Aerospace Demand Surges
Carpenter Technology Corporation reported a record-breaking fiscal second quarter with significant increases in operating income and net income, driven by surging demand from aerospace and defense customers. The company also raised its fiscal 2026 operating income guidance and adjusted free cash flow outlook, reflecting strong performance and increased long-term agreements. These results highlight Carpenter Technology's robust position for continued growth in high-performance specialty alloys.
Price Over Earnings Overview: Carpenter Technology
Carpenter Technology Corporation (NYSE: CRS) has seen an 8.41% spike in its stock price, trading at $337.51, with a 75.44% increase over the past year. The article highlights the importance of the price-to-earnings (P/E) ratio for investors to assess potential overvaluation or undervaluation. Carpenter Technology currently has a lower P/E ratio compared to the Aerospace & Defense industry average, suggesting it might be undervalued or have different growth prospects.
WCM Investment Management LLC Acquires 156,554 Shares of Carpenter Technology Corporation $CRS
WCM Investment Management LLC significantly increased its stake in Carpenter Technology Corporation (NYSE:CRS) by 77.9%, purchasing an additional 156,554 shares, bringing its total ownership to 357,498 shares valued at approximately $86.26 million. This accumulation comes despite notable insider selling from company executives. Analysts maintain a "Moderate Buy" rating with an average target price of $373.43 for Carpenter Technology.
Carpenter Technology Q2 Earnings Beat Estimates, Revenues Rise 8% Y/Y
Carpenter Technology Corporation (CRS) reported adjusted earnings of $2.33 per share for Q2 fiscal 2026, exceeding estimates and up from $1.66 in the prior-year quarter due to product mix improvements and operating efficiencies. Net revenues increased 7.5% year-over-year to $728 million, though slightly missing the Zacks Consensus Estimate. The company also raised its fiscal 2026 operating income guidance to $680-$700 million.
Carpenter Technology Q2 Earnings Beat Estimates, Revenues Rise 8% Y/Y
Carpenter Technology Corporation (CRS) reported adjusted earnings of $2.33 per share for second-quarter fiscal 2026, surpassing the Zacks Consensus Estimate of $2.20 and up from $1.66 a year ago, driven by improved product mix and operating efficiencies. Net revenues increased 7.5% year over year to $728 million, slightly missing estimates, with strong growth in Aerospace and Defense, and Energy end-use markets. The company also provided fiscal 2026 operating income guidance of $680-$700 million.
Carpenter Technology (CRS) Margin Expansion Challenges Cautious Narratives In Q2 2026 Earnings
Carpenter Technology (CRS) reported strong Q2 2026 earnings with revenue of US$728 million and basic EPS of US$2.10, showing significant margin expansion with net profit margin increasing to 14.8% from 9.3% year-over-year. Despite robust earnings growth and a P/E ratio below industry averages, there's a tension between the DCF fair value of US$135.54 and the current share price of US$310.39, as well as an analyst target of US$382.37. This discrepancy poses a dilemma for investors focusing on either current profitability or discounted cash flow metrics.
Carpenter Technology (NYSE:CRS) Stock Rating Upgraded by Wall Street Zen
Wall Street Zen upgraded Carpenter Technology (NYSE:CRS) from "hold" to "buy" given strong Q2 EPS performance and raised guidance, despite a revenue miss. The company's stock has seen multiple price target increases from other firms, contributing to a "Moderate Buy" consensus rating and an average target price of $373.43. While institutional investors hold a significant portion, insiders have shown recent selling activity.
Deutsche Bank Raises Price Target on Carpenter Technology to $437 From $425, Keeps Buy Rating
Deutsche Bank has increased its price target for Carpenter Technology Corporation (CRS) to $437 from $425, while maintaining a 'Buy' rating on the stock. This update follows recent positive news for Carpenter Technology, including its Q2 2026 earnings beat, raised earnings guidance for fiscal year 2026, and a recent senior notes offering. The company specializes in specialty metals for various critical applications.
Carpenter Technology Corporation (NYSE:CRS) Q2 2026 Earnings Call Transcript
Carpenter Technology Corporation (NYSE:CRS) reported record earnings in Q2 2026, exceeding expectations with an EPS of $2.33. The company highlighted strong market demand, particularly in aerospace and defense, and expanded operating margins in its SAO segment. Carpenter Technology also raised its fiscal year 2026 operating income guidance to $680 million to $700 million, citing persistent supply-demand imbalances in nickel-based superalloys.
CARPENTER TECHNOLOGY CORP SEC 10-Q Report
Carpenter Technology Corp (CRS) released its 10-Q report for Q2 fiscal year 2025, detailing significant financial growth with net sales up 8% to $728.0 million and operating income increasing 31% to $155.2 million. The company reported strong performance in both its Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP) segments, driven by realized price increases, improved product mix, and operational efficiencies. Carpenter Technology anticipates continued growth, especially in the Aerospace and Defense and Energy markets, supported by new production launches and expanding margins.
Carpenter Technology (NYSE:CRS) Q2 FY2026 Earnings: Record Profit and Raised Guidance Offset by Revenue Miss
Carpenter Technology (NYSE:CRS) reported mixed Q2 FY2026 earnings, achieving record operating income and exceeding EPS estimates, but missing revenue expectations. The specialty metals manufacturer also raised its full-year operating income guidance, driven by strong operational execution and accelerating demand in aerospace and defense. This led to a muted pre-market reaction, with shares down despite the EPS beat, as investors focused on the revenue shortfall.
Carpenter Technology Posts Higher Q4 Earnings; Raises FY26 Outlook
Carpenter Technology Corp. reported significantly higher net income and adjusted earnings per share in Q4, surpassing analyst expectations. The company also saw a surge in net sales and increased its operating income outlook for fiscal year 2026 by 30-33% over FY2025, anticipating strong performance in the coming quarter. Following the announcement, Carpenter Technology stock rose 2.20% in pre-market trading.
Earnings Flash (CRS) Carpenter Technology Corporation Reports Q2 Revenue $728.0M, vs. FactSet Est of $690.9M
Carpenter Technology Corporation (CRS) reported strong Q2 fiscal year 2026 results, with revenue reaching $728.0 million, significantly surpassing FactSet's estimate of $690.9 million. The company also announced adjusted EPS of $2.33 per share, exceeding the FactSet estimate of $2.22. These positive results prompted Carpenter Technology to increase its earnings guidance for the full fiscal year 2026.
Carpenter: Fiscal Q2 Earnings Snapshot
Carpenter Technology Corp. (CRS) reported a fiscal second-quarter profit of $105.3 million, or $2.09 per share, exceeding Wall Street expectations with adjusted earnings of $2.33 per share. The company, which specializes in stainless steels and special alloys, posted revenue of $728 million, slightly below analysts' forecasts.
Carpenter Technology stock hits all-time high at 350.72 USD
Carpenter Technology Corp (CRS) stock has reached an all-time high of $350.72, marking a 75.47% increase over the past year. This surge is fueled by strong investor confidence, a "GREAT" financial health rating, and a recent upgrade to investment grade by Fitch Ratings. The company also completed a $700 million senior notes offering and increased its quarterly cash dividend.
Universal Beteiligungs und Servicegesellschaft mbH Sells 20,762 Shares of Carpenter Technology Corporation $CRS
Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Carpenter Technology Corporation by 41.3% during the 3rd quarter, selling 20,762 shares and retaining 29,568 shares valued at approximately $7.26 million. This institutional selling was part of broader insider activity, with company insiders selling a total of 79,358 shares worth $24.25 million over the past 90 days. Despite the insider selling, analysts maintain a "Moderate Buy" rating for Carpenter Technology, with an average price target of $371.14.
Carpenter Technology Corporation (NYSE:CRS) to Issue Quarterly Dividend of $0.20
Carpenter Technology Corporation (NYSE:CRS) announced a quarterly dividend of $0.20 per share, payable on March 5th to shareholders of record on January 27th. The dividend yields 0.2% annually and is well-covered by earnings, with a payout ratio of 8.8%. The company recently reported Q4 earnings of $2.43 per share, surpassing analyst estimates, and has a strong financial position with a market capitalization of $16.75 billion.
Here's why you should retain Carpenter Technology stock for now
The article suggests retaining Carpenter Technology stock. It implies there are positive reasons or factors supporting this decision, although exact details are not provided in the given snippet.
Carpenter Technology (NYSE: CRS) declares quarterly dividend
Carpenter Technology (NYSE: CRS) has declared a quarterly dividend of $0.20 per share. This dividend is payable on March 7, 2024, to shareholders of record as of January 26, 2024. The ex-dividend date is January 25, 2024.
Carpenter Technology (NYSE: CRS) Declares Quarterly Dividend
Carpenter Technology Corporation (NYSE: CRS) has announced a quarterly cash dividend of $0.20 per share, payable on March 5, 2026, to shareholders of record by January 27, 2026. This declaration signals the company's confidence in its financial health and commitment to returning capital to shareholders. Carpenter Technology specializes in high-performance specialty alloy materials for critical applications in various advanced manufacturing markets.
Emerald Advisers LLC Trims Position in Carpenter Technology Corporation $CRS
Emerald Advisers LLC reduced its stake in Carpenter Technology Corporation (NYSE:CRS) by 4.0% in the third quarter, selling 3,950 shares and retaining 94,819 shares valued at $23.28 million. Insider selling has also occurred, with COO Brian Malloy and VP Elizabeth Socci selling shares. Despite insider selling, Wall Street analysts maintain a "Moderate Buy" rating with an average price target of $371.14.
Carpenter Technology (CRS) Earnings Expected to Grow: Should You Buy?
Carpenter Technology (CRS) is expected to report a year-over-year increase in earnings and higher revenues for the quarter ended December 2025. While analysts have raised their consensus EPS estimate, the stock's negative Earnings ESP suggests a potential miss despite a favorable Zacks Rank. Investors should consider the Earnings ESP and Zacks Rank alongside previous earnings beat history when evaluating the stock ahead of its January 29 earnings release.
Is Dividend Hike, Investment-Grade Rating and New Debt Deal Altering The Investment Case For Carpenter Technology (CRS)?
Carpenter Technology (CRS) recently announced a dividend hike, secured a US$700 million debt deal, and received an investment-grade credit rating from Fitch. These developments signal improved financial flexibility and a commitment to capital returns. While these actions strengthen the balance sheet, the company's investment narrative still hinges on demand for specialty alloys and the successful execution of its planned capacity expansion, which carries inherent risks.
Assessing Carpenter Technology (CRS) Valuation After Fitch Upgrade And US$700 Million Notes Offering
Carpenter Technology (CRS) is under investor scrutiny following a Fitch upgrade and a $700 million notes offering. While the company has seen significant share price growth, a popular valuation narrative suggests it's 12.3% undervalued with a fair value of US$382.37, supported by a brownfield expansion. However, a Discounted Cash Flow model by Simply Wall St indicates overvaluation at US$335.44, with an estimated fair value of US$134.68, highlighting the need to weigh risks and future execution against growth prospects.
Campbell & CO Investment Adviser LLC Buys New Stake in Carpenter Technology Corporation $CRS
Campbell & CO Investment Adviser LLC has acquired a new stake of 5,591 shares, valued at approximately $1.37 million, in Carpenter Technology Corporation (NYSE:CRS) during the third quarter. This move comes as other institutional investors have also adjusted their positions, and despite recent insider sales totaling $24.25 million. Analysts currently rate CRS as a "Moderate Buy" with an average price target of $371.14, following a quarter where the company exceeded EPS estimates but slightly missed on revenue.
Carpenter Technology Partners Keeps Quarterly Dividend at $0.20 a Share, Payable Mar. 5 to Holders of Record Jan. 27
Carpenter Technology Corporation has announced that it will maintain its quarterly dividend at $0.20 per share. The dividend is scheduled to be paid on March 5 to shareholders of record as of January 27. This news was published on January 16, 2026, by MT Newswires.
Carpenter Technology declares quarterly dividend of $0.20 per share
Carpenter Technology Corporation (NYSE:CRS) announced a quarterly cash dividend of $0.20 per share, payable on March 5, 2026, to shareholders of record on January 27, 2026. The company has a 55-year history of dividend payments, though the current yield is 0.24%. This news comes as the company recently closed a $700 million senior notes offering and received an investment-grade rating upgrade from Fitch Ratings.
Carpenter Technology to pay $0.20 a share in March cash dividend payout
Carpenter Technology (NYSE: CRS) announced a quarterly cash dividend of $0.20 per share, payable on March 5, 2026, to shareholders of record as of January 27, 2026. The company is a leader in high-performance specialty alloy materials for critical applications across various industries. This regular cash distribution was declared by the company's Board of Directors.
