Carpenter Technology Corporation $CRS Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC trimmed its stake in shares of Carpenter Technology Corporation (NYSE:CRS) by 74.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,047 shares of the basic materials company’s stock after selling 2,974 shares during the quarter. Penn Capital Management Company LLC’s holdings in Carpenter Technology were worth $646,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Carpenter Technology in the 2nd quarter valued at about $3,834,623,000. State Street Corp grew its stake in Carpenter Technology by 10.1% in the third quarter. State Street Corp now owns 2,096,145 shares of the basic materials company’s stock worth $514,687,000 after purchasing an additional 192,533 shares in the last quarter. Invesco Ltd. increased its holdings in Carpenter Technology by 18.8% in the fourth quarter. Invesco Ltd. now owns 2,071,657 shares of the basic materials company’s stock valued at $652,241,000 after buying an additional 327,302 shares during the last quarter. Egerton Capital UK LLP increased its holdings in Carpenter Technology by 13.0% in the fourth quarter. Egerton Capital UK LLP now owns 1,553,012 shares of the basic materials company’s stock valued at $488,950,000 after buying an additional 178,679 shares during the last quarter. Finally, SurgoCap Partners LP raised its stake in Carpenter Technology by 29.5% during the third quarter. SurgoCap Partners LP now owns 1,198,895 shares of the basic materials company’s stock valued at $294,377,000 after buying an additional 272,896 shares in the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Carpenter Technology news, Director Ramin Younessi sold 438 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $493.15, for a total value of $215,999.70. Following the completion of the transaction, the director owned 1,953 shares in the company, valued at approximately $963,121.95. This represents a 18.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony R. Thene sold 57,456 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total transaction of $27,802,958.40. Following the completion of the sale, the chief executive officer owned 439,631 shares in the company, valued at $212,737,440.90. The trade was a 11.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 109,721 shares of company stock worth $53,091,824. 2.90% of the stock is currently owned by insiders.

Carpenter Technology Stock Down 2.7%

Shares of Carpenter Technology stock opened at $477.32 on Friday. The stock has a market capitalization of $23.66 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 1.71 and a beta of 1.25. Carpenter Technology Corporation has a twelve month low of $228.00 and a twelve month high of $625.98. The company has a current ratio of 3.81, a quick ratio of 2.23 and a debt-to-equity ratio of 0.31. The business’s 50 day simple moving average is $557.70 and its 200-day simple moving average is $473.62.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.14. The firm had revenue of $679.70 million during the quarter, compared to the consensus estimate of $863.33 million. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The firm’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.21 EPS. Equities research analysts forecast that Carpenter Technology Corporation will post 13.09 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 25th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, August 25th. Carpenter Technology’s dividend payout ratio (DPR) is 7.60%.

Wall Street Analysts Forecast Growth

CRS has been the topic of a number of research analyst reports. Wall Street Zen downgraded Carpenter Technology from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings lowered Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. BTIG Research raised their price objective on Carpenter Technology from $450.00 to $620.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Susquehanna decreased their price objective on shares of Carpenter Technology from $680.00 to $600.00 and set a “positive” rating for the company in a report on Friday, July 31st. Finally, TD Cowen boosted their target price on shares of Carpenter Technology from $470.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $577.25.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Zacks Research raised EPS forecasts across multiple periods, including FY2027 to $12.80 from $12.75, FY2028 to $15.08 from $14.99, and FY2029 to $18.44 from $18.31. Quarterly estimates were also increased modestly, with projections of $2.91 for Q1 2027, $2.98 for Q2 2027, $3.34 for Q3 2027, and $3.58 for Q4 2027. Zacks maintained its “Strong-Buy” rating.
• Positive Sentiment: The higher forecasts suggest analysts see continued earnings growth for Carpenter Technology, with projected EPS rising from $12.80 in FY2027 to $18.44 in FY2029. That improving outlook could support the stock over a longer time horizon.
• Neutral Sentiment: The estimate increases were small—generally one to three cents per share—so they may not be large enough to trigger immediate buying. The current-year consensus remains $13.08 per share.
• Negative Sentiment: CRS has recently traded below its 50-day moving average, indicating near-term technical pressure. At roughly 45 times earnings, the stock also carries a demanding valuation, which can make investors more sensitive to profit-taking or modest changes in expectations.

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.