Barclays PLC Increases Position in Carpenter Technology Corporation $CRS

Barclays PLC lifted its position in shares of Carpenter Technology Corporation (NYSE:CRS) by 9.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 645,620 shares of the basic materials company’s stock after buying an additional 53,639 shares during the quarter. Barclays PLC’s holdings in Carpenter Technology were worth $203,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Meeder Advisory Services Inc. lifted its stake in shares of Carpenter Technology by 3.7% during the fourth quarter. Meeder Advisory Services Inc. now owns 889 shares of the basic materials company’s stock valued at $280,000 after buying an additional 32 shares during the period. Brown Miller Wealth Management LLC raised its stake in Carpenter Technology by 2.4% during the fourth 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 during the period. Northwestern Mutual Investment Management Company LLC raised its stake in Carpenter Technology by 0.3% during the fourth 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 during the period. Clearstead Advisors LLC raised its stake in Carpenter Technology by 17.9% during the third quarter. Clearstead Advisors LLC now owns 237 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 36 shares during the period. Finally, Armstrong Advisory Group Inc. raised its stake in Carpenter Technology by 57.3% during the fourth 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 period. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CRS. Wells Fargo & Company increased their price target on shares of Carpenter Technology from $400.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $500.00 price objective on shares of Carpenter Technology in a research report on Thursday, April 30th. TD Cowen increased their price objective on shares of Carpenter Technology from $450.00 to $470.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings lowered shares of Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Finally, BTIG Research increased their price objective 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. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carpenter Technology has an average rating of “Moderate Buy” and an average price target of $458.63.

Carpenter Technology Trading Down 0.2%

Shares of NYSE:CRS opened at $560.25 on Monday. The company has a market cap of $27.84 billion, a PE ratio of 58.97, a P/E/G ratio of 1.93 and a beta of 1.25. The company’s 50-day moving average price is $446.24 and its 200 day moving average price is $384.39. Carpenter Technology Corporation has a fifty-two week low of $228.00 and a fifty-two week high of $574.52. The company has a quick ratio of 2.08, a current ratio of 3.73 and a debt-to-equity ratio of 0.33.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings data 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 firm had revenue of $655.60 million for the quarter, compared to the consensus estimate 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 firm posted $1.88 EPS. Sell-side analysts anticipate that Carpenter Technology Corporation will post 10.56 earnings per share for the current year.

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, April 28th were given a $0.20 dividend. The ex-dividend date was Tuesday, April 28th. This represents a $0.80 annualized dividend and a yield of 0.1%. Carpenter Technology’s dividend payout ratio (DPR) is currently 8.42%.

Key Carpenter Technology News

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

• Positive Sentiment: Zacks Research lifted its earnings outlook for Carpenter Technology across several periods, including FY2026, FY2027, and FY2028, which suggests analysts see durable earnings growth ahead.
• Positive Sentiment: The firm’s latest note also nudged up near-term quarterly EPS estimates, reinforcing the view that Carpenter Technology’s pricing power and contract wins are supporting profitability. Carpenter Technology Contract Wins Lift Pricing Power But Stretch Valuation
• Neutral Sentiment: The estimate changes were incremental rather than dramatic, so they are more of a confirmation of existing strength than a major new catalyst.
• Negative Sentiment: The stock is already trading near its 52-week high and at a relatively rich valuation, which may limit upside if investors decide the good news is already priced in.

Insider Activity

In related news, Director Anastasios John Hart sold 750 shares of Carpenter Technology 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 sale, 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 document filed with the SEC, which is available through this hyperlink. Also, VP Marshall D. Akins sold 11,815 shares of the firm’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 approximately $8,096,307.84. The trade was a 39.18% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.90% of the company’s stock.

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.