<div id="readability-page-1"><p>Shares of Carpenter Technology Corporation (NYSE:CRS - Get Free Report) have been assigned an average recommendation of &#34;Moderate Buy&#34; from the eleven ratings firms that are  covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and nine have issued  a buy rating on  the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $371.1429.</p><div><p><span></span><span>Get <strong>Carpenter Technology</strong> alerts:</span></p></div><ul><li>AI Fatigue? These 3 Analyst-Upgraded Stocks Offer Real Growth Potential</li></ul><p>A number of research firms recently commented on CRS. Deutsche Bank Aktiengesellschaft  set a $425.00 target price on Carpenter Technology and gave the stock a &#34;buy&#34; rating in a research report on Friday, October 24th. KeyCorp raised Carpenter Technology from a &#34;sector weight&#34; rating to an &#34;overweight&#34; rating and set a $380.00 price objective on the stock in a report on Thursday, November 13th. Cowen  reissued a &#34;buy&#34; rating on shares of Carpenter Technology in a report on Friday, November 14th. BTIG Research boosted their price target on shares of Carpenter Technology from $305.00 to $365.00 and gave the stock a &#34;buy&#34; rating in a research report on Monday, October 27th. Finally, Weiss Ratings  reiterated a &#34;buy (b)&#34; rating on shares of Carpenter Technology in a research report on Thursday, October 30th.</p><p><b>Read Our Latest Analysis on CRS</b></p><h2>Insider Activity</h2><ul><li>3 Materials Stocks Everyone Is Talking About Right Now</li></ul><p>In other Carpenter Technology news, COO Brian J. Malloy sold 43,688 shares of the business's stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $304.45, for a total transaction of $13,300,811.60. Following the sale, the chief operating officer directly owned 78,875 shares of the company's stock, valued at $24,013,493.75. The trade was a 35.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Elizabeth A. Socci sold 3,900 shares of the firm's stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $321.25, for a total value of $1,252,875.00. Following the completion of the sale, the vice president directly owned 9,594 shares of the company's stock, valued at $3,082,072.50. The trade was a 28.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 79,358 shares of company stock valued at $24,254,008. 2.90% of the stock is currently owned by company insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of  Carpenter Technology by 3.4% in the first quarter. Russell Investments Group Ltd. now owns 41,274 shares of the basic materials company's stock valued at $7,478,000 after acquiring an additional 1,361 shares during the period.  Raymond James Financial Inc. raised its position in  Carpenter Technology by 8.2% in the 1st quarter. Raymond James Financial Inc. now owns 119,448 shares of the basic materials company's stock worth $21,641,000 after purchasing an additional 9,079 shares during the period.  Wellington Management Group LLP lifted its stake in  Carpenter Technology by 3.8% in the first quarter. Wellington Management Group LLP now owns 258,504 shares of the basic materials company's stock worth $46,836,000 after purchasing an additional 9,409 shares during the last quarter.  Maven Securities LTD purchased a new position in shares of  Carpenter Technology during the first quarter valued at approximately $2,241,000.  Finally, Hsbc Holdings PLC grew its stake in shares of  Carpenter Technology by 82.7% during the first quarter. Hsbc Holdings PLC now owns 8,994 shares of the basic materials company's stock valued at $1,615,000 after buying an additional 4,070 shares during the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors. </p><h2>Carpenter Technology Price Performance</h2><ul><li>3 Steel Stocks Could Soar on New China Tariffs</li></ul><p>Shares of NYSE:CRS opened at $321.03 on Wednesday. The firm has a market cap of $15.99 billion, a price-to-earnings ratio of 39.25, a P/E/G ratio of 1.35 and a beta of 1.31. The firm has a fifty day moving average price of $300.91 and a 200 day moving average price of $271.36. Carpenter Technology has a fifty-two week low of $138.61 and a fifty-two week high of $342.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.37 and a current ratio of 4.44. </p><p>Carpenter Technology (NYSE:CRS - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $2.43 EPS for the quarter, topping the consensus estimate of $2.13 by $0.30. Carpenter Technology had a net margin of 14.30% and a return on equity of 22.68%. The business had revenue of $733.70 million for the quarter, compared to analysts' expectations of $741.18 million. During the same quarter in the previous year, the company earned $1.73 EPS. The business's quarterly revenue was up 2.2% compared to the same quarter last year.  As a group, sell-side analysts expect that  Carpenter Technology will post 6.83 earnings per share for the current fiscal year. </p><h2>Carpenter Technology Dividend Announcement</h2><p>The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Tuesday, October 21st were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Carpenter Technology's dividend payout ratio (DPR) is presently 9.78%. </p><h2>About Carpenter Technology</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Carpenter Technology</li><li>What is diluted earnings per share (Diluted EPS)?</li><li>Why Taiwan Semiconductor's 6.5% Dip Could Be a Smart Buy</li><li>Trading Stocks: RSI and Why it's Useful</li><li>RTX Surges to Record Highs as Defense Orders Explode</li><li>Best Stocks Under $10.00 </li><li>Smart Money Is Buying Auto Suppliers, Not Car Brands</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNSUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNSUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Carpenter Technology Right Now?</h2><p>Before you consider Carpenter Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carpenter Technology wasn't on the list.</p><p>While Carpenter Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Carpenter Technology Corporation (NYSE:CRS) has received a "Moderate Buy" consensus from eleven ratings firms, with two hold and nine buy ratings. The average 12-month price target is $371.14. Recent insider sales include COO Brian J. Malloy and VP Elizabeth A. Socci. Institutional investors like Russell Investments and Wellington Management have increased their stakes. The stock opened at $321.03, with a market cap of $15.99 billion and a P/E ratio of 39.25.</p>

Carpenter Technology Corporation (NYSE:CRS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages