This report is an updated version of the report published on 9 February 2026 at 10:49 PM PT

Carpenter Technology Corporation (NYSE: CRS)

Carpenter Technology Corporation (NYSE: CRS) is engaged in the manufacturing, fabrication and distribution of specialty metals.

Recommendation Rationale – SELL at USD 365.11

• Financial Highlights: CRS reported a 18% YoY decline in medical end-use market sales to USD 70.7 Mn in Q2FY26 versus USD 86.3 Mn in Q2FY25, driven by lower shipments amid tight inventory management in the medical supply chain, partially offset by price increases, particularly in the dental sub-market. Transportation end-use market sales fell 19% YoY, mainly due to weaker consumer demand and shifting supply-chain dynamics in light-duty vehicles. Meanwhile, SG&A expenses rose 7.7% YoY to USD 63.1mn compared to USD 58.6mn, reflecting higher salary, benefit and variable compensation costs, along with increased professional service fees.
• Trading Near the Resistance: CRS stock has near its R1 level recommended on 3^rd December 2025. Therefore, share price can face resistance at the current levels.
• Market Risk: CRS faces market risks arising from fluctuations in commodity prices, interest rates, and foreign currency exchange rates, which may impact operating costs, profitability, and cash flows.

CRS’ Daily Price Chart

Valuation Methodology: Price/Earnings Multiple Approach (FY June'27E) (Illustrative)

Stock might trade at a slight discount considering the risks associated with the business as well as macro-economic uncertainties. It is also exposed to challenges related to the commercial aviation industry.

For conducting the valuation, the following peers included: Leonardo DRS Inc (NASDAQ: DRS), TransDigm Group Inc (NYSE: TDG), and others have been considered.

Considering the current trading levels as well as risks associated, it is prudent to exit the stock at the current levels. Hence, a ‘Sell’ rating has been provided on the stock at the closing price of USD 365.11 per share, up by 4.72% as on 6 February 2026.

Carpenter Technology Corporation (NYSE: CRS) is part of Kalkine’s Global Big Money Portfolio.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical issues prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 06 February 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.