977 Shares in Carpenter Technology Corporation $CRS Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC acquired a new position in shares of Carpenter Technology Corporation (NYSE:CRS) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 977 shares of the basic materials company’s stock, valued at approximately $385,000.

Several other large investors also recently bought and sold shares of CRS. Geneos Wealth Management Inc. purchased a new position in shares of Carpenter Technology in the second quarter valued at approximately $28,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Carpenter Technology during the first quarter worth approximately $30,000. SJS Investment Consulting Inc. increased its position in shares of Carpenter Technology by 81.8% during the first quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 36 shares in the last quarter. Spire Wealth Management increased its position in shares of Carpenter Technology by 164.7% during the fourth quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 84 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Carpenter Technology in the 2nd quarter valued at $43,000. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Carpenter Technology Stock Up 3.2%

CRS stock opened at $520.02 on Friday. Carpenter Technology Corporation has a one year low of $228.00 and a one year high of $625.98. The firm has a market cap of $25.84 billion, a PE ratio of 49.43, a PEG ratio of 1.42 and a beta of 1.22. The firm’s 50 day moving average price is $552.95 and its 200-day moving average price is $446.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.08 and a current ratio of 3.81.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.14. The company had revenue of $679.70 million during the quarter, compared to analyst estimates of $863.33 million. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.21 earnings per share. On average, equities research analysts anticipate that Carpenter Technology Corporation will post 12.81 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on CRS shares. Zacks Research upgraded Carpenter Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $500.00 target price on shares of Carpenter Technology in a report on Thursday, April 30th. KeyCorp increased their target price on shares of Carpenter Technology from $459.00 to $644.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Weiss Ratings downgraded shares of Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Finally, TD Cowen boosted their price target on shares of Carpenter Technology from $470.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $567.38.

Key Headlines Impacting Carpenter Technology

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

• Positive Sentiment: Fiscal Q4 earnings exceeded expectations: Carpenter reported adjusted earnings of $3.23 per share, ahead of the $3.09 consensus estimate and up from $2.21 a year earlier. The company also posted 12.6% year-over-year revenue growth, supporting the market’s view that profitability is accelerating. CRS Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management outlined an ambitious growth trajectory: Carpenter entered fiscal 2027 with record profitability, improving aerospace demand and a fiscal 2029 operating-income target of $1.2 billion to $1.3 billion. The outlook reinforces expectations for sustained demand in aerospace and other high-performance materials markets. CRS Q4 Earnings Call Highlights Strong Growth Outlook
• Positive Sentiment: BTIG became more bullish: BTIG raised its price target from $450 to $620 and assigned a “buy” rating, indicating confidence that Carpenter’s earnings growth and industry exposure can support further upside.
• Neutral Sentiment: Analyst views remain positive but targets are being recalibrated: JPMorgan trimmed its target from $705 to $700 while maintaining an “overweight” rating, and Susquehanna reduced its target from $680 to $600 but retained a “positive” rating. These changes suggest valuation or near-term execution concerns, but neither firm turned bearish.
• Negative Sentiment: Revenue performance was mixed relative to estimates: Carpenter reported quarterly revenue of $679.7 million. Although revenue increased year over year, it was below the $863.3 million consensus cited in one report, creating a potential concern despite the EPS beat and strong profitability.

Insider Buying and Selling at Carpenter Technology

In other news, VP Marshall D. Akins sold 11,815 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $441.36, for a total value of $5,214,668.40. Following the transaction, the vice president owned 18,344 shares of the company’s stock, valued at $8,096,307.84. This represents a 39.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anastasios John Hart sold 750 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $423.86, for a total value of $317,895.00. Following 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 SEC filing for this sale provides additional information. Corporate insiders own 2.90% of the company’s stock.

Carpenter Technology Company 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.