Globeflex Capital L P Purchases 5,809 Shares of Carpenter Technology Corporation $CRS

Globeflex Capital L P boosted its position in Carpenter Technology Corporation (NYSE:CRS) by 682.6% in the fourth quarter, HoldingsChannel reports. The firm owned 6,660 shares of the basic materials company’s stock after buying an additional 5,809 shares during the quarter. Globeflex Capital L P’s holdings in Carpenter Technology were worth $2,097,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its position in Carpenter Technology by 10.1% in the 3rd quarter. State Street Corp now owns 2,096,145 shares of the basic materials company’s stock worth $514,687,000 after purchasing an additional 192,533 shares in the last quarter. SurgoCap Partners LP grew its position in Carpenter Technology by 29.5% in the 3rd quarter. SurgoCap Partners LP now owns 1,198,895 shares of the basic materials company’s stock worth $294,377,000 after purchasing an additional 272,896 shares in the last quarter. Geode Capital Management LLC grew its position 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. Ameriprise Financial Inc. boosted its stake in Carpenter Technology by 20.5% in the third quarter. Ameriprise Financial Inc. now owns 631,088 shares of the basic materials company’s stock valued at $154,840,000 after acquiring an additional 107,552 shares during the last quarter. Finally, Norges Bank purchased a new position in Carpenter Technology in the fourth quarter valued at about $195,254,000. 92.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CRS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Carpenter Technology from $465.00 to $470.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. BTIG Research boosted their target price on shares of Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday. TD Cowen boosted their target price 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. Finally, KeyCorp boosted their target price 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 assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $441.00.

Carpenter Technology Stock Up 1.2%

CRS opened at $493.06 on Friday. The company has a quick ratio of 2.08, a current ratio of 3.73 and a debt-to-equity ratio of 0.33. The stock has a market cap of $24.50 billion, a price-to-earnings ratio of 51.90, a PEG ratio of 1.80 and a beta of 1.25. Carpenter Technology Corporation has a twelve month low of $228.00 and a twelve month high of $495.58. The company’s 50-day moving average price is $430.00 and its two-hundred day moving average price is $375.62.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.18. The company had revenue of $655.60 million for 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%. Carpenter Technology’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 EPS. As a group, equities analysts expect that Carpenter Technology Corporation will post 10.55 earnings per share for the current year.

Carpenter Technology Dividend Announcement

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

Key Headlines Impacting Carpenter Technology

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

• Positive Sentiment: Zacks upgraded Carpenter Technology to Buy, which can attract momentum and growth investors looking for names with improving fundamentals. Carpenter (CRS) Upgraded to Buy: Here’s Why
• Positive Sentiment: Zacks Research raised earnings estimates across several forecast periods, including FY2026, FY2027, and FY2028, signaling confidence in Carpenter Technology’s longer-term profit growth. Carpenter Technology analyst estimate updates
• Positive Sentiment: Recent coverage highlighted that Carpenter Technology has been up about 8% over the past week, reinforcing the stock’s strong short-term momentum. Carpenter Technology (CRS) Is Up 8.03% in One Week: What You Should Know
• Neutral Sentiment: One article noted institutional inflows and the company’s long-term share performance, but it did not add a new catalyst. Carpenter Technology Gains on Record Earnings, Profits

Insider Buying and Selling

In related news, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 750 shares in the company, valued at approximately $317,895. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Marshall D. Akins sold 11,815 shares of the company’s 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 sale, the vice president 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 SEC filing for this sale provides additional information. Corporate insiders own 2.90% of the company’s stock.

About Carpenter Technology

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.