VMS Asset Management Limited Takes Position in Carpenter Technology Corporation $CRS

VMS Asset Management Limited bought a new stake in Carpenter Technology Corporation (NYSE:CRS) during the fourth quarter, Holdings Channel reports. The institutional investor bought 19,730 shares of the basic materials company’s stock, valued at approximately $6,212,000. Carpenter Technology comprises 2.4% of VMS Asset Management Limited’s holdings, making the stock its 14th largest position.

Other institutional investors have also modified their holdings of the company. Ion Asset Management Ltd. acquired a new position in shares of Carpenter Technology in the 3rd quarter valued at $4,027,000. American Century Companies Inc. increased its holdings in shares of Carpenter Technology by 4.0% in the 3rd quarter. American Century Companies Inc. now owns 467,702 shares of the basic materials company’s stock valued at $114,841,000 after acquiring an additional 18,201 shares during the period. Kinetic Partners Management LP increased its stake in Carpenter Technology by 15.5% in the 3rd quarter. Kinetic Partners Management LP now owns 386,500 shares of the basic materials company’s stock valued at $94,901,000 after buying an additional 51,800 shares during the period. Bright Futures Wealth Management LLC. acquired a new position in Carpenter Technology in the 3rd quarter valued at $674,000. Finally, Citigroup Inc. increased its stake in Carpenter Technology by 64.3% in the 3rd quarter. Citigroup Inc. now owns 35,219 shares of the basic materials company’s stock valued at $8,648,000 after buying an additional 13,779 shares during the period. 92.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Susquehanna boosted their price objective on shares of Carpenter Technology from $470.00 to $495.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. BTIG Research boosted 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $500.00 price objective on shares of Carpenter Technology in a research note on Thursday, April 30th. KeyCorp boosted their price objective 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. Finally, Wells Fargo & Company boosted their price objective on shares of Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Carpenter Technology currently has a consensus rating of “Moderate Buy” and an average price target of $441.00.

Insider Buying and Selling at Carpenter Technology

In other Carpenter Technology news, Director Anastasios John Hart sold 750 shares of the business’s stock in a transaction 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. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 disclosure for this sale is available in the SEC filing. 2.90% of the stock is currently owned by insiders.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Zacks upgraded Carpenter Technology (CRS) to Buy, citing improving earnings prospects and signaling more favorable near-term outlook for the stock. Article Title
• Positive Sentiment: Zacks Research raised multiple earnings estimates for Carpenter Technology, including FY2026, FY2027, and FY2028, which suggests analysts see continued profit growth ahead. Article Title
• Positive Sentiment: One recent note said CRS is up about 8% over the past week, reflecting strong momentum and investor interest in the stock. Article Title

Carpenter Technology Price Performance

Shares of NYSE CRS opened at $493.06 on Friday. The firm has a market capitalization of $24.50 billion, a P/E ratio of 51.90, a PEG ratio of 1.80 and a beta of 1.25. Carpenter Technology Corporation has a one year low of $228.00 and a one year high of $495.58. The company’s fifty day moving average is $430.00 and its two-hundred day moving average is $375.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.08 and a current ratio of 3.73.

Carpenter Technology (NYSE:CRS) last issued its earnings results on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.59 by $0.18. The company had revenue of $655.60 million for 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%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 EPS. Analysts forecast that Carpenter Technology Corporation will post 10.55 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Tuesday, April 28th were given a dividend of $0.20 per share. 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 payout ratio 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.