Kingdom Financial Group LLC. Acquires Shares of 1,499 Carpenter Technology Corporation $CRS

Kingdom Financial Group LLC. bought a new position in Carpenter Technology Corporation (NYSE:CRS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,499 shares of the basic materials company’s stock, valued at approximately $472,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnbrook Capital Management LP grew its position in Carpenter Technology by 72.1% during the fourth quarter. Pinnbrook Capital Management LP now owns 33,432 shares of the basic materials company’s stock valued at $10,526,000 after buying an additional 14,006 shares during the period. Global Retirement Partners LLC increased its position in shares of Carpenter Technology by 179.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,500 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 963 shares in the last quarter. Jag Capital Management LLC acquired a new stake in shares of Carpenter Technology in the fourth quarter valued at approximately $322,000. Covestor Ltd raised its holdings in shares of Carpenter Technology by 334.3% during the 4th quarter. Covestor Ltd now owns 3,492 shares of the basic materials company’s stock worth $1,099,000 after acquiring an additional 2,688 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Carpenter Technology by 1,752.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 133,415 shares of the basic materials company’s stock valued at $42,004,000 after purchasing an additional 126,214 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Barron’s said Carpenter Technology could “melt up,” citing earnings momentum, pricing power, and barriers to entry that may support further upside in the stock. Carpenter Technology: This Stock Will Melt Up
• Positive Sentiment: Zacks Research raised multiple earnings estimates for Carpenter Technology, including FY2026, FY2027, FY2028 and several quarterly forecasts, signaling confidence that profit growth will stay strong. Higher EPS estimates typically support a higher valuation for the stock.
• Positive Sentiment: The updated forecasts imply Carpenter Technology could generate about $10.42 per share in FY2026, $11.93 in FY2027, and $14.27 in FY2028, which is above or near the current consensus and reinforces the company’s growth narrative.
• Neutral Sentiment: Zacks also featured Carpenter Technology as a top-ranked growth stock, adding to investor attention but without any new operating update or company announcement. Carpenter Technology (CRS) is a Top-Ranked Growth Stock: Should You Buy?

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $500.00 price objective on shares of Carpenter Technology in a research report on Thursday, April 30th. BTIG Research boosted their price objective on Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wall Street Zen raised Carpenter Technology from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Susquehanna lifted their price objective on shares of Carpenter Technology from $470.00 to $495.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Finally, KeyCorp upped their target price on shares of Carpenter Technology from $453.00 to $459.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $438.78.

Carpenter Technology Stock Up 3.7%

CRS stock opened at $437.61 on Friday. Carpenter Technology Corporation has a twelve month low of $219.58 and a twelve month high of $475.69. The company has a current ratio of 3.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.33. The stock has a market cap of $21.74 billion, a P/E ratio of 46.06, a PEG ratio of 1.57 and a beta of 1.24. The company’s 50 day moving average is $412.67 and its two-hundred day moving average is $365.37.

Carpenter Technology (NYSE:CRS) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.18. The business had revenue of $655.60 million during the quarter, compared to the consensus estimate of $797.00 million. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 EPS. Research analysts expect that Carpenter Technology Corporation will post 10.49 earnings per share for the current fiscal year.

Carpenter Technology Dividend Announcement

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

Insider Transactions at Carpenter Technology

In other news, VP Marshall D. Akins sold 11,815 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total transaction of $5,214,668.40. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP James D. Dee sold 15,800 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $391.78, for a total transaction of $6,190,124.00. Following the transaction, the senior vice president owned 73,739 shares in the company, valued at approximately $28,889,465.42. This trade represents a 17.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,365 shares of company stock worth $11,722,687 over the last ninety days. 2.90% of the stock is currently owned by company insiders.

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.