Carpenter Technology Corporation $CRS Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Carpenter Technology Corporation (NYSE:CRS) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,116 shares of the basic materials company’s stock after selling 3,308 shares during the quarter. Legal & General Group Plc’s holdings in Carpenter Technology were worth $25,539,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CRS. Aspex Management HK Ltd acquired a new stake in Carpenter Technology during the 3rd quarter valued at approximately $136,215,000. TOMS Capital Investment Management LP bought a new position in Carpenter Technology during the 2nd quarter worth approximately $106,683,000. UBS Group AG lifted its holdings in Carpenter Technology by 171.2% during the 4th quarter. UBS Group AG now owns 606,501 shares of the basic materials company’s stock worth $190,951,000 after buying an additional 382,865 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in Carpenter Technology by 111.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 617,948 shares of the basic materials company’s stock worth $151,731,000 after buying an additional 325,919 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Carpenter Technology by 244.3% during the 2nd quarter. Raymond James Financial Inc. now owns 411,277 shares of the basic materials company’s stock worth $113,669,000 after buying an additional 291,829 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

Insider Buying and Selling at Carpenter Technology

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

Carpenter Technology Stock Down 0.2%

Shares of Carpenter Technology stock opened at $468.27 on Monday. The business’s fifty day moving average price is $421.15 and its two-hundred day moving average price is $371.08. 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 market capitalization of $23.27 billion, a P/E ratio of 49.29, a PEG ratio of 1.73 and a beta of 1.25. Carpenter Technology Corporation has a 1-year low of $228.00 and a 1-year high of $475.69.

Carpenter Technology (NYSE:CRS) last announced 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 firm had revenue of $655.60 million for 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 firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 EPS. As a group, research analysts forecast that Carpenter Technology Corporation will post 10.54 EPS for the current year.

Carpenter Technology Dividend Announcement

The firm 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 dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, April 28th. This represents a $0.80 annualized dividend and a yield of 0.2%. Carpenter Technology’s payout ratio is presently 8.42%.

Carpenter Technology News Summary

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

• Positive Sentiment: Zacks Research raised EPS estimates for multiple future periods, including Q4 2026, Q1 2027, Q2 2027, Q3 2027, FY2027, Q1 2028, Q2 2028, Q3 2028, and FY2028, signaling confidence in Carpenter Technology’s earnings trajectory.
• Positive Sentiment: The higher FY2027 and FY2028 projections suggest the market may be looking past near-term results and focusing on durable long-term profit growth.
• Neutral Sentiment: A separate valuation-focused article highlights that shares have had strong multi-period gains, which may lead some investors to pause and reassess whether the stock is getting expensive after its run-up. A Look At Carpenter Technology (CRS) Valuation After Strong Multi Period Share Price Gains

Analysts Set New Price Targets

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $500.00 target price on shares of Carpenter Technology in a report on Thursday, April 30th. Weiss Ratings raised Carpenter Technology from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Wells Fargo & Company raised their price target on Carpenter Technology from $400.00 to $425.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Susquehanna raised their price target on Carpenter Technology from $470.00 to $495.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price target on Carpenter Technology from $465.00 to $470.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $441.00.

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.