BTIG analyst Andre Madrid has maintained their bullish stance on CRS stock, giving a Buy rating today.
Andre Madrid’s rating is based on Carpenter Technology’s impressive financial performance and strategic outlook. The company reported a significant increase in its adjusted earnings per share for the third quarter of fiscal year 2025, surpassing both the consensus and BTIG’s estimates. This was achieved through enhanced productivity, a better product mix, and increased pricing, which contributed to the 13th consecutive quarter of improved operating margins in their SAO segment.
Carpenter Technology also raised its operating income forecast for fiscal year 2025, indicating strong momentum and confidence in its future performance. Despite a decline in free cash flow due to higher pension contributions and capital expenditures, the company demonstrated a commitment to shareholder returns through substantial share repurchases and dividends. These factors, combined with a positive long-term outlook, underpin Andre Madrid’s Buy rating for the stock.
In another report released today, Benchmark Co. also maintained a Buy rating on the stock with a $250.00 price target.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRS in relation to earlier this year.