Keybanc Rates Carpenter Technology (CRS) Sector Weight

On October 26, 2026, Keybanc lowered its rating on Carpenter Technology Corporation (NYSE: CRS) to Sector Weight. This decision comes as the stock has been trading recently at $284.66, which is about equal to its closing price of $284.66 on October 23, 2026.

CRS Carpenter Technology Corporation

$284.66 ▼ -15.70% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Keybanc's Call on Carpenter Technology

Keybanc's downgrade to Sector Weight indicates a change in their outlook for Carpenter Technology. The firm did not set a new price target with this rating change.

Other Institutional Activity in Carpenter Technology

In recent filings, ASR Vermogensbeheer N.V. holds 22,205 shares of Carpenter Technology worth about $8.6 million. AQR Capital Management, LLC increased its position by 735,001 shares, bringing its total to 1,459,426 shares valued at approximately $415.4 million. Jennison Associates LLC also added 387,361 shares, now holding 1,192,686 shares worth about $339.5 million.

Carpenter Technology Corporation Stock Down 2.6%

Carpenter Technology's shares recently traded at $284.66, which is significantly below its 50-day moving average of $424.50 and its 200-day moving average of $444.46. The stock is also about 54.5% below its 52-week high of $625.99, indicating a considerable gap between its current price and its historical highs.

Recent Earnings

For the trailing twelve months, Carpenter Technology reported revenue of approximately $3.19 billion and earnings per share of $11.34. The next earnings report is scheduled for January 28, 2027. The company has shown a revenue growth of 8.8% year-over-year, with a net margin of 17.9% and a return on equity of 27.8%.

Insider Buying and Selling at Carpenter Technology Corporation

Several insiders sold shares earlier this year, including Steven E. Karol, a Director, who sold 2,000 shares on June 1, 2026, for a total of about $975,479. Ramin Younessi, another Director, sold 438 shares on August 21, 2026, valued at $216,001. CEO Tony R. Thene sold 109,283 shares on August 25, 2026, worth approximately $52.9 million.

Analysts Set New Price Targets

On October 26, 2026, Keybanc downgraded its rating on Carpenter Technology to Sector Weight without adjusting the price target. Other analysts maintained their ratings earlier in October, with BTIG setting a target of $470.00 and JP Morgan at $520.00. The consensus target price remains at $455.75, reflecting a strong buy recommendation from analysts.

About Carpenter Technology

Carpenter Technology Corporation manufactures and distributes specialty metals, including titanium alloys and stainless steels. The company operates in two segments: Specialty Alloys Operations and Performance Engineered Products. This downgrade from Keybanc may impact investor sentiment as the stock trades significantly below its historical price levels.

Bottom Line

Investors should keep an eye on Carpenter Technology as it approaches its next earnings date on January 28, 2027. The recent downgrade from Keybanc could influence market perceptions, especially given the stock's current pricing relative to analyst targets.