Carpenter Technology is upgraded to Buy after a 36% price decline and improved free cash flow expectations. CRS's operating income is projected to grow 21%-25% by FY27, with FY29 targets of $1.2–$1.3 billion, driven by aerospace demand and capacity expansion. Free cash flow expectations have increased 20% due to strong cash conversion and lower CapEx, supporting a base case price target of $438.44 (14% upside).
The heavy selling pressure might have exhausted for Carpenter (CRS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
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| Metals & Mining Industry | Materials Sector | Brian J. Malloy CEO | XSTU Exchange | 144285103 CUSIP |
| US Country | 4,500 Employees | 20 Oct 2026 Last Dividend | 16 Nov 2007 Last Split | - IPO Date |
Carpenter Technology Corporation is a leading manufacturer, fabricator, and distributor of specialty metals, serving customers globally across the United States, Europe, the Asia Pacific, Mexico, and Canada. Founded in 1889 and based in Philadelphia, Pennsylvania, Carpenter Technology has built a reputation for innovation and quality in the metals industry. The company operates through two main segments: Specialty Alloys Operations and Performance Engineered Products, catering to a diverse range of markets including aerospace, defense, medical, transportation, energy, industrial, and consumer sectors.
Includes a wide variety of high-performance materials such as titanium alloys, stainless steels, alloy steels, and tool steels. These alloys are known for their exceptional strength, durability, and resistance to corrosion and heat, making them ideal for critical applications in aerospace, defense, and other technologies.
Offers a range of powder metal products designed for high precision, high performance applications. Powder metals are used in manufacturing parts with complex shapes and features, with applications in aerospace, automotive, energy, and medical industries, among others.
Carpenter Technology produces various metal-based additive manufacturing powders, designed to enhance the performance and functionality of 3D printed parts. These materials support a broad range of industries, including aerospace, medical, and automotive, by enabling the production of complex geometries that are difficult or impossible to achieve with traditional manufacturing methods.
The company also specializes in the production of metal powders and parts, catering to the specific needs of industries that require high-quality metal components. This includes the production of precision parts for aerospace engines and structures, medical implants, and energy applications, delivering products that meet stringent industry standards.