Carpenter Technology Corporation $CRS Stock Holdings Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in Carpenter Technology Corporation (NYSE:CRS) by 16.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,298 shares of the basic materials company’s stock after selling 2,229 shares during the period. Nisa Investment Advisors LLC’s holdings in Carpenter Technology were worth $4,393,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Kinetic Partners Management LP purchased a new position in shares of Carpenter Technology in the second quarter valued at about $19,122,000. Sanctuary Advisors LLC bought a new position in shares of Carpenter Technology in the second quarter worth about $2,978,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Carpenter Technology in the second quarter worth about $3,095,000. SteelPeak Wealth LLC purchased a new stake in shares of Carpenter Technology during the first quarter worth about $2,593,000. Finally, Handelsbanken Fonder AB grew its position in shares of Carpenter Technology by 21.4% during the second quarter. Handelsbanken Fonder AB now owns 17,240 shares of the basic materials company’s stock worth $10,634,000 after purchasing an additional 3,040 shares in the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Carpenter Technology News Roundup

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

• Positive Sentiment: Carpenter Technology reported fiscal first-quarter adjusted EPS of $3.25, above the $3.04 consensus and up from $2.43 a year earlier. Record quarterly operating income increased 28% year over year, supported by productivity improvements, favorable product mix and pricing actions. Carpenter Technology Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: Management highlighted accelerating commercial aerospace demand, stronger bookings, pricing gains and productivity benefits. Carpenter maintained its fiscal 2027 free-cash-flow outlook of $400 million to $430 million and established a fiscal 2029 operating-income target of $1.2 billion to $1.3 billion. CRS Q1 Earnings Call Highlights Aerospace Demand and Pricing Gains
• Neutral Sentiment: Deutsche Bank and BTIG Research lowered their CRS price targets to $361 and $470, respectively, but both retained Buy ratings. The reductions suggest analysts remain positive on the long-term story while acknowledging greater near-term valuation or execution concerns. Deutsche Bank Adjusts Carpenter Technology Price Target
• Neutral Sentiment: Carpenter named Jed Freeman as its next general counsel, a routine leadership transition with limited immediate earnings implications. Carpenter Technology Names Jed Freeman as Next General Counsel
• Negative Sentiment: Quarterly revenue of $634.8 million was well below the roughly $830.9 million analyst estimate, despite increasing 8.8% year over year. Investors appear to be treating the sales miss and high valuation as more important than the EPS beat, driving the stock lower after earnings. Why Carpenter Technology Stock Crashed After Earnings

Insider Activity at Carpenter Technology

In related news, Director Ramin Younessi sold 438 shares of the firm’s stock in a transaction on 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 directly owned 1,953 shares of the company’s stock, valued at approximately $963,121.95. This trade represents a 18.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tony Thene sold 57,456 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was 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. This represents a 11.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 112,996 shares of company stock valued at $54,644,436. 2.90% of the stock is owned by corporate insiders.

Carpenter Technology Price Performance

Shares of Carpenter Technology stock opened at $284.64 on Friday. The firm has a market cap of $14.11 billion, a PE ratio of 25.10, a PEG ratio of 1.02 and a beta of 1.29. The stock has a 50 day moving average of $423.06 and a 200 day moving average of $478.73. The company has a current ratio of 3.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. Carpenter Technology Corporation has a 12 month low of $278.17 and a 12 month high of $625.98.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.21. Carpenter Technology had a return on equity of 27.50% and a net margin of 17.87%. The business had revenue of $634.80 million for the quarter, compared to the consensus estimate of $830.85 million. During the same quarter in the previous year, the company posted $2.43 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. On average, research analysts expect that Carpenter Technology Corporation will post 13.30 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Tuesday, October 20th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, October 20th. Carpenter Technology’s dividend payout ratio is currently 7.05%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CRS shares. BTIG Research cut their price objective on shares of Carpenter Technology from $620.00 to $470.00 and set a “buy” rating for the company in a report on Friday. KeyCorp lowered their target price on shares of Carpenter Technology from $608.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of Carpenter Technology from $700.00 to $520.00 and set an “overweight” rating on the stock in a report on Wednesday, October 14th. Weiss Ratings lowered shares of Carpenter Technology from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, TD Cowen cut their target price on shares of Carpenter Technology from $650.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carpenter Technology currently has an average rating of “Moderate Buy” and an average target price of $476.43.

About Carpenter Technology

Carpenter Technology Corporation is a manufacturer of premium specialty metals and engineered materials for demanding applications. The company produces stainless steels, nickel- and cobalt-based alloys, titanium, powder metals, and other high-performance materials designed to withstand extreme temperatures, corrosion, stress, and wear.

Its products are used in aerospace and defense, medical devices, energy, transportation, industrial equipment, and other specialized markets. Carpenter Technology supplies materials in forms such as bar, wire, strip, sheet, and powder, and also provides processing and engineered component solutions through its performance-engineered products operations.

Founded in 1889 as Carpenter Steel Company, the company has developed a global customer base supported by manufacturing, research, and service operations in the United States and international markets.