Carpenter Technology Corporation $CRS Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in Carpenter Technology Corporation (NYSE:CRS) by 75.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,791 shares of the basic materials company’s stock after selling 42,850 shares during the period. Intech Investment Management LLC’s holdings in Carpenter Technology were worth $4,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Kingsview Wealth Management LLC acquired a new stake in Carpenter Technology in the 4th quarter worth approximately $260,000. Severin Investments LLC boosted its stake in Carpenter Technology by 31.0% in the 4th quarter. Severin Investments LLC now owns 2,151 shares of the basic materials company’s stock worth $677,000 after purchasing an additional 509 shares in the last quarter. Geode Capital Management LLC boosted its stake in Carpenter Technology by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 975,960 shares of the basic materials company’s stock worth $307,333,000 after purchasing an additional 78,588 shares in the last quarter. Harbour Investments Inc. boosted its stake in Carpenter Technology by 23.4% in the 4th quarter. Harbour Investments Inc. now owns 274 shares of the basic materials company’s stock worth $86,000 after purchasing an additional 52 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Carpenter Technology by 0.7% in the 4th quarter. Fisher Asset Management LLC now owns 285,507 shares of the basic materials company’s stock worth $89,889,000 after purchasing an additional 1,860 shares in the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology Stock Performance

Shares of NYSE CRS opened at $468.27 on Monday. The company has a current ratio of 3.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.33. Carpenter Technology Corporation has a 12 month low of $228.00 and a 12 month high of $475.69. The company has a 50 day simple moving average of $421.15 and a two-hundred day simple moving average of $371.08. The stock has a market cap of $23.27 billion, a price-to-earnings ratio of 49.29, a PEG ratio of 1.73 and a beta of 1.25.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.59 by $0.18. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The business had revenue of $655.60 million during the quarter, compared to analysts’ expectations of $797.00 million. During the same period in the previous year, the business posted $1.88 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, analysts predict that Carpenter Technology Corporation will post 10.54 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Tuesday, April 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, April 28th. Carpenter Technology’s payout ratio is presently 8.42%.

Carpenter Technology News Summary

Here are the key news stories impacting Carpenter Technology this week:

• Positive Sentiment: Zacks Research raised EPS estimates for multiple future periods, including Q4 2026, Q1 2027, Q2 2027, Q3 2027, FY2027, Q1 2028, Q2 2028, Q3 2028, and FY2028, signaling confidence in Carpenter Technology’s earnings trajectory.
• Positive Sentiment: The higher FY2027 and FY2028 projections suggest the market may be looking past near-term results and focusing on durable long-term profit growth.
• Neutral Sentiment: A separate valuation-focused article highlights that shares have had strong multi-period gains, which may lead some investors to pause and reassess whether the stock is getting expensive after its run-up. A Look At Carpenter Technology (CRS) Valuation After Strong Multi Period Share Price Gains

Insider Buying and Selling at Carpenter Technology

In related news, VP Marshall D. Akins sold 11,815 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total value of $5,214,668.40. Following the completion of the transaction, the vice president directly owned 18,344 shares in the company, valued at $8,096,307.84. The trade was a 39.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anastasios John Hart sold 750 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $423.86, for a total transaction of $317,895.00. Following the completion of the transaction, the director owned 750 shares of the company’s stock, valued at approximately $317,895. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $500.00 target price on shares of Carpenter Technology in a research note on Thursday, April 30th. Susquehanna lifted their target price on shares of Carpenter Technology from $470.00 to $495.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. TD Cowen lifted their price objective on shares of Carpenter Technology from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Wells Fargo & Company lifted their price objective on shares of Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, KeyCorp lifted their price objective on shares of Carpenter Technology from $453.00 to $459.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Carpenter Technology currently has a consensus rating of “Moderate Buy” and an average target price of $441.00.

Carpenter Technology Profile

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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.