Carpenter Technology Corporation $CRS Shares Sold by Mountaineer Partners Management LLC

Mountaineer Partners Management LLC cut its holdings in shares of Carpenter Technology Corporation (NYSE:CRS) by 10.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 36,690 shares of the basic materials company’s stock after selling 4,159 shares during the quarter. Carpenter Technology accounts for about 6.5% of Mountaineer Partners Management LLC’s portfolio, making the stock its 7th biggest holding. Mountaineer Partners Management LLC’s holdings in Carpenter Technology were worth $11,551,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in shares of Carpenter Technology in the second quarter valued at $28,000. Armstrong Advisory Group Inc. raised its stake in shares of Carpenter Technology by 57.3% in the fourth 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. Spire Wealth Management raised its stake in shares of Carpenter Technology by 164.7% in the fourth quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 84 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Carpenter Technology in the second quarter valued at $43,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Carpenter Technology in the second quarter valued at $45,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology News Summary

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.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CRS. Weiss Ratings lowered Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. BTIG Research upped their target price on 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 restated a “buy” rating and issued a $500.00 target price on shares of Carpenter Technology in a research note on Thursday, April 30th. TD Cowen upped their target price on Carpenter Technology from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Susquehanna upped their target price on Carpenter Technology from $470.00 to $495.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $458.63.

Insider Buying and Selling at Carpenter Technology

In other news, VP Marshall D. Akins sold 11,815 shares of the 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 approximately $8,096,307.84. This represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anastasios John Hart sold 750 shares of the 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 sale, the director owned 750 shares in the company, valued at $317,895. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.90% of the stock is currently owned by corporate insiders.

Carpenter Technology Stock Performance

Shares of NYSE:CRS opened at $560.25 on Monday. The business’s fifty day moving average price is $446.24 and its two-hundred 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 stock has a market capitalization 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 company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.08.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.18. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The firm had revenue of $655.60 million for the quarter, compared to analysts’ expectations of $797.00 million. During the same period in the prior year, the business posted $1.88 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. As a group, analysts predict that Carpenter Technology Corporation will post 10.56 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

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

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.