Egerton Capital UK LLP Cuts Stock Position in Carpenter Technology Corporation $CRS

Egerton Capital UK LLP trimmed its holdings in shares of Carpenter Technology Corporation (NYSE:CRS) by 28.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,374,333 shares of the basic materials company’s stock after selling 534,734 shares during the period. Carpenter Technology accounts for about 3.6% of Egerton Capital UK LLP’s holdings, making the stock its 14th biggest holding. Egerton Capital UK LLP owned approximately 2.76% of Carpenter Technology worth $337,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Woodline Partners LP purchased a new stake in shares of Carpenter Technology during the 1st quarter valued at about $4,050,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Carpenter Technology by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,785 shares of the basic materials company’s stock valued at $18,985,000 after purchasing an additional 1,701 shares in the last quarter. Focus Partners Wealth increased its stake in Carpenter Technology by 7.3% during the 1st quarter. Focus Partners Wealth now owns 4,615 shares of the basic materials company’s stock worth $836,000 after buying an additional 314 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in Carpenter Technology in the 2nd quarter worth $228,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Carpenter Technology in the 2nd quarter valued at about $371,000. 92.03% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Zacks Research raised near‑term and multi‑year EPS forecasts for CRS (small upward revisions to Q1/Q2 2027, FY2027 and FY2028 estimates), improving forward earnings visibility and supporting valuation and upside momentum.
• Positive Sentiment: Analyst upgrade/coverage note highlights that Carpenter is gaining pricing power in a tight specialty-metals market, implying stronger margins and cash flow potential — a fundamental rationale for the recent rally. Article Title
• Positive Sentiment: Media reported CRS hit a fresh annual high on the NYSE Composite, a technical signal that can attract momentum and institutional buyers. Article Title
• Neutral Sentiment: A comparative piece examined CRS versus Insteel Industries (IIIN) for value investors — useful context for relative valuation but not an immediate company-specific catalyst. Article Title
• Negative Sentiment: Senior VP James D. Dee sold 15,800 shares at about $391.78 (~$6.19M). While insiders often sell for diversification and he still retains a large stake, the disclosed sale can create short‑term pressure or signal partial profit‑taking. Article Title

Carpenter Technology Stock Performance

Shares of NYSE CRS opened at $397.75 on Friday. The company has a quick ratio of 2.26, a current ratio of 4.25 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $346.56 and its two-hundred day moving average price is $300.96. Carpenter Technology Corporation has a 52-week low of $138.61 and a 52-week high of $403.81. The stock has a market capitalization of $19.81 billion, a P/E ratio of 46.20, a P/E/G ratio of 1.56 and a beta of 1.30.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. Carpenter Technology had a return on equity of 23.63% and a net margin of 14.77%.The business had revenue of $728.00 million for the quarter, compared to analysts’ expectations of $733.76 million. During the same period in the prior year, the firm earned $1.66 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that Carpenter Technology Corporation will post 6.83 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, January 27th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. Carpenter Technology’s dividend payout ratio is currently 9.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRS. Wall Street Zen raised Carpenter Technology from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. TD Cowen restated a “buy” rating on shares of Carpenter Technology in a report on Friday, November 14th. KeyCorp upgraded Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 target price for the company in a research note on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Carpenter Technology in a research report on Tuesday, January 27th. Finally, BTIG Research raised their price objective on shares of Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Eight investment 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, Carpenter Technology presently has a consensus rating of “Moderate Buy” and an average target price of $373.43.

Insider Buying and Selling

In other Carpenter Technology news, SVP James D. Dee sold 15,800 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $391.78, for a total value of $6,190,124.00. Following the completion of the transaction, the senior vice president owned 73,739 shares in the company, valued at approximately $28,889,465.42. This represents a 17.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven E. Karol sold 3,500 shares of Carpenter Technology stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $381.12, for a total value of $1,333,920.00. Following the sale, the director directly owned 225,381 shares in the company, valued at approximately $85,897,206.72. This trade represents a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 97,758 shares of company stock valued at $31,665,177 in the last quarter. 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.