Daiwa Securities Group Inc. Makes New $8.40 Million Investment in Carpenter Technology Corporation $CRS

Daiwa Securities Group Inc. acquired a new position in Carpenter Technology Corporation (NYSE:CRS) in the 4th quarter, Holdings Channel reports. The firm acquired 26,690 shares of the basic materials company’s stock, valued at approximately $8,403,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Brown Miller Wealth Management LLC raised its holdings in Carpenter Technology by 2.4% in the 4th quarter. Brown Miller Wealth Management LLC now owns 1,411 shares of the basic materials company’s stock worth $444,000 after purchasing an additional 33 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in Carpenter Technology by 0.3% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,146 shares of the basic materials company’s stock worth $3,509,000 after purchasing an additional 34 shares in the last quarter. Clearstead Advisors LLC raised its holdings in Carpenter Technology by 17.9% in the 3rd quarter. Clearstead Advisors LLC now owns 237 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 36 shares in the last quarter. Armstrong Advisory Group Inc. raised its holdings 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 in the last quarter. Finally, Pallas Capital Advisors LLC raised its holdings in Carpenter Technology by 5.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 899 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 45 shares in the last quarter. 92.03% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Anastasios John Hart sold 750 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $423.86, for a total value of $317,895.00. Following the completion of the transaction, the director directly owned 750 shares in the company, valued at $317,895. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Marshall D. Akins sold 11,815 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $441.36, for a total transaction of $5,214,668.40. Following the completion of the transaction, the vice president owned 18,344 shares of the company’s stock, valued at approximately $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. 2.90% of the stock is owned by company insiders.

More Carpenter Technology News

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

• Positive Sentiment: Zacks Research increased its earnings outlook for Carpenter Technology across several future periods, including FY2026, FY2027, and FY2028, reflecting a more optimistic profit forecast. Article Title
• Positive Sentiment: The analyst team also nudged near-term quarterly EPS estimates higher for Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, reinforcing the view that earnings momentum remains intact.
• Positive Sentiment: The stock has been strong recently, and the upgraded earnings estimates help support investor confidence in Carpenter Technology’s valuation and growth story.

Analyst Ratings Changes

CRS has been the subject of several research reports. Weiss Ratings lowered shares of Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $500.00 price objective on shares of Carpenter Technology in a report on Thursday, April 30th. Wells Fargo & Company upped their price objective on shares of Carpenter Technology from $400.00 to $425.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Susquehanna increased their price target 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. Finally, TD Cowen increased their price target on shares of Carpenter Technology from $450.00 to $470.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Carpenter Technology presently has an average rating of “Moderate Buy” and an average target price of $441.00.

Carpenter Technology Stock Down 0.1%

Shares of Carpenter Technology stock opened at $483.26 on Monday. 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 company has a 50-day moving average of $431.54 and a 200 day moving average of $376.69. The firm has a market cap of $24.01 billion, a price-to-earnings ratio of 50.87, a PEG ratio of 1.79 and a beta of 1.25. Carpenter Technology Corporation has a 1 year low of $228.00 and a 1 year high of $500.16.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.18. The company had revenue of $655.60 million during the quarter, compared to analyst estimates of $797.00 million. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. Carpenter Technology’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business earned $1.88 EPS. As a group, sell-side analysts anticipate that Carpenter Technology Corporation will post 10.55 earnings per share for the current fiscal year.

Carpenter Technology Announces Dividend

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 $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, April 28th. Carpenter Technology’s dividend payout ratio (DPR) is presently 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.