8,819 Shares in Carpenter Technology Corporation $CRS Acquired by Blue Jean Financial LLC

Blue Jean Financial LLC purchased a new position in shares of Carpenter Technology Corporation (NYSE:CRS) during the fourth quarter, Holdings Channel reports. The firm purchased 8,819 shares of the basic materials company’s stock, valued at approximately $2,777,000. Carpenter Technology makes up approximately 2.3% of Blue Jean Financial LLC’s holdings, making the stock its 8th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Meeder Advisory Services Inc. boosted its holdings in shares of Carpenter Technology by 3.7% in the 4th quarter. Meeder Advisory Services Inc. now owns 889 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 32 shares in the last quarter. Brown Miller Wealth Management LLC boosted its holdings in shares of 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 valued at $444,000 after purchasing an additional 33 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of 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 valued at $3,509,000 after purchasing an additional 34 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Carpenter Technology by 17.9% in the 3rd quarter. Clearstead Advisors LLC now owns 237 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 36 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its holdings in shares of Carpenter Technology by 57.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Trading Down 0.4%

NYSE CRS opened at $560.25 on Friday. 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 Corporation has a twelve month low of $228.00 and a twelve month high of $574.52. The company has a market cap of $27.84 billion, a price-to-earnings ratio of 58.97, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. The business’s fifty day moving average is $446.24 and its 200 day moving average is $383.91.

Carpenter Technology (NYSE:CRS) last released 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. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The company had revenue of $655.60 million for the quarter, compared to the consensus estimate of $797.00 million. During the same quarter last year, the business posted $1.88 EPS. Carpenter Technology’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, sell-side analysts expect that Carpenter Technology Corporation will post 10.56 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

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

Insider Buying and Selling at Carpenter Technology

In related news, Director Anastasios John Hart sold 750 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $423.86, for a total transaction of $317,895.00. Following the sale, the director owned 750 shares of the company’s stock, valued at $317,895. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing 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 on Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total value of $5,214,668.40. Following the sale, the vice president directly owned 18,344 shares in the company, valued at approximately $8,096,307.84. This trade represents 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.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Carpenter Technology from $465.00 to $470.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $500.00 target price on shares of Carpenter Technology in a report on Thursday, April 30th. Weiss Ratings downgraded Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Wells Fargo & Company raised their target price on Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, BTIG Research raised their target price on Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $458.63.

Carpenter Technology News Summary

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

• Positive Sentiment: Zacks Research repeatedly nudged up its earnings outlook for Carpenter Technology, raising estimates for FY2026, FY2027, FY2028 and several quarterly periods. Higher forward EPS forecasts can support the stock by reinforcing the view that earnings momentum remains intact. Carpenter Technology contract wins lift pricing power but stretch valuation
• Neutral Sentiment: The revisions were modest, mostly small one-cent increases, suggesting analysts see steady but not dramatic improvement rather than a major near-term catalyst.
• Negative Sentiment: Despite the upbeat earnings estimates, the company is being described as stretched on valuation, which can temper enthusiasm and make investors cautious after the stock’s strong run.

Carpenter Technology Company 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.