Carpenter Technology Corporation $CRS Holdings Reduced by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its position in Carpenter Technology Corporation (NYSE:CRS) by 10.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 417,559 shares of the basic materials company’s stock after selling 48,685 shares during the period. William Blair Investment Management LLC’s holdings in Carpenter Technology were worth $131,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRS. Geneos Wealth Management Inc. bought a new position in Carpenter Technology in the 2nd quarter worth about $28,000. Armstrong Advisory Group Inc. grew its position in Carpenter Technology by 57.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 43 shares during the last quarter. Root Financial Partners LLC bought a new position in Carpenter Technology in the 3rd quarter worth about $41,000. Spire Wealth Management grew its position in Carpenter Technology by 164.7% in the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 84 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Carpenter Technology in the 2nd quarter worth about $43,000. Institutional investors own 92.03% of the company’s stock.

Insider Activity at Carpenter Technology

In related news, VP Marshall D. Akins sold 11,815 shares of the stock in a transaction that occurred on 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 completion of the sale, the vice president directly owned 18,344 shares of the company’s stock, valued at $8,096,307.84. This represents a 39.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James D. Dee sold 15,800 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $391.78, for a total transaction of $6,190,124.00. Following the sale, the senior vice president directly owned 73,739 shares of the company’s stock, valued at approximately $28,889,465.42. This represents a 17.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,365 shares of company stock valued at $11,722,687 over the last ninety days. Insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CRS shares. Wells Fargo & Company upped their target price on shares of Carpenter Technology from $400.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Carpenter Technology from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. KeyCorp increased their price objective on shares of Carpenter Technology from $453.00 to $459.00 and gave the company an “overweight” rating in a report on Monday, May 4th. TD Cowen increased their price objective on shares of Carpenter Technology from $450.00 to $470.00 and gave the company a “buy” rating in a report on Friday. Finally, Susquehanna increased 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. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Carpenter Technology has an average rating of “Moderate Buy” and a consensus target price of $441.00.

Key Headlines Impacting Carpenter Technology

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

• Positive Sentiment: Zacks Research raised Carpenter Technology’s earnings estimates for several future periods, including FY2026, FY2027, FY2028, and multiple quarterly forecasts, suggesting stronger profit momentum ahead.
• Positive Sentiment: Barron’s published a bullish view titled “This Stock Will Melt Up,” arguing that earnings momentum, pricing power, and barriers to entry could support significant upside from here. Barron’s article on Carpenter Technology
• Positive Sentiment: Carpenter Technology has outperformed many basic materials peers year to date, reinforcing the market’s view that its fundamentals are better than the sector average. Zacks article on CRS performance vs peers
• Neutral Sentiment: Analyst revisions were mixed in the latest note set, with some near-term estimates nudged up and one Q4 2027 estimate trimmed, but the overall direction remained positive.

Carpenter Technology Trading Down 1.0%

Carpenter Technology stock opened at $434.10 on Friday. The firm has a 50 day simple moving average of $413.19 and a 200-day simple moving average of $365.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.08. The stock has a market capitalization of $21.57 billion, a PE ratio of 45.69, a price-to-earnings-growth ratio of 1.61 and a beta of 1.24. Carpenter Technology Corporation has a 12-month low of $219.58 and a 12-month high of $475.69.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share (EPS) 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 analysts’ expectations of $797.00 million. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm posted $1.88 earnings per share. As a group, equities research analysts expect that Carpenter Technology Corporation will post 10.49 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

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

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.